President Muhammadu Buhari will only receive 50 per cent of the salary paid to his predecessor, Goodluck Jonathan.
The President’s decision to take a 50 per cent pay cut was conveyed to the Office of the Secretary to the Government of the Federation yesterday by the Permanent Secretary of the State House, Mr. Nebolisa Emodi, a statement by Garba Shehu, Senior Special Assistant to the President on media and publicity read.
“I write to forward the completed IPPIS registration form of Mr. President and to draw your kind attention to Mr. President’s directive that only 50% of his salary be paid to him,” Mr. Emodi wrote in the letter with reference number PRES/81/SGF/17."
The current annual remuneration of the President of Nigeria as published by the Revenue Mobilisation Allocation and Fiscal Commission is N14,058,820.00 while the Vice President earns N12,126,290:00.
Vice President Yemi Osinbajo has similarly given up half of his official remuneration.
It is expected that The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) will take this cue and speed up the review of salaries and allowances of public office holders.
The RMAFC is constitutionally empowered to undertake the review of the remuneration packages as may be required from time to time so as to reflect current economic realities.
Ministers currently receive N7,801,640:00, the Senate President earns N5.5 million yearly; his deputy, N5.1 million while other senators earn N5 million. The Speaker of the House of Representatives earns N4.3 million; his deputy, N4.2 million while other members of the lower house earn N4 million annually.
For a full list of the remuneration package for Political and Judicial Office Holders As Contained in The Act Of 2008 click here (PDF document)
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