While it is outrageous that a Nigerian senator earns three times more than the US President, it is breathtaking to know that it will take an average Nigerian worker 1, 638 days to earn the annual salary of a senator!
It is a well-known fact that senators in Nigeria earn higher than any group of government officials in any known country of the world. Countries where politics is carried out more fairly and seriously never dream to earn what their Nigerian counterparts are earning even in the next many decades. Though nobody actually deserves such hyper inflated pay pack as the ones given to senators in Nigeria, Nigerians would have been left with a little bit of consolation if these greedy lots perform their duties efficiently to the core but the reverse is the case.
After taking a look at the breakdown of the monthly official income of a senator in Nigeria below, one will be left with no doubt that Nigeria is one of the most selfishly wasteful countries of the world. In fact, analyzing the titles of the various allowances leaves one’s head spinning and his ear tingling. Come to imagine stuffs like “hardship” allowance, “Newspaper” allowance etc! If all senators should spend half of the monthly “Newspaper” allowance on buying newspapers, I guess vendors would really be rich people.
Monthly Gross Salary of a Nigerian Senator:
Basic Salary (B.S)– N2,484,245.50
Hardship Allowance (50% of B.S) – N1,242,122.70
Constituency allowance (200% of B.S) – N4,968,509.00
Furniture Allowance ( 300% of B.S) – N7,452,736.50
Newspapers Allowance (50% of B.S) – N1,242,122.70
Wardrobe Allowance (25% of B.S) – N621,061.37
Recess Allowance (10% of B.S) – N248,424.55
Accommodation (200% of B.S) – N4,968,509.00
Utilities (30% of B.S) – N828,081.83
Domestic Staff (75% of B.S) – N1,863,184.12
Entertainment (30% of B.S) – N828,081.83
Personal Assistance (25% of B.S) – N621,061.37
Vehicle Maintenance Allowance (75% of B.S) – N1,863,184.12
Leave Allowance (10% of B.S) – N248,424.55
Severance gratuity (300% of B.S) – N7,452,736.50
Motor Vehicle Allowance (400% of B.S) – N9,936,982.00 – Every Four Years
Senators’ salary per month – N2,456,647.7
Total = N29,479,749 * 109 Senators
Grand Total = N3,264,329,264.10
A senator’s annual salary = over N182 million
The breakdown above does not include: the quarterly unaccountable constituency allowances (27 million for each house of rep. member. 38 million for each sen.), their individual convoy of tinted bulletproofs dozens of brand new Jeeps, some unnamed backyard moneys, some big and fat handy envelops nor does it include ‘never to be known by the public’ moneys not to talk of embezzlement and bribery etc.
Do you know that the annual salary of the Senators and Representatives cost the Nigerian government over #76 billion which is about 25% of the nations annual budget?
The average salary of a Nigerian worker based on the National Minimum Wage is N 18,000.00, So, the yearly salary is N18,000.00 x 12 = N 216,000.00 ($1,333.00)
Remember, Yearly Salary of Nigerian Senator = $2,183,685.00.
Proportion: $2,183,685.00/$1,333.00 = 1,638
If I may ask, how can we bridge this widening gap between the rich and the poor? How do we put to a stop this rich-richer-poor-poorer government? Despite the fact that Nigeria is still a developing country, yet the government does not bat an eyelid on the set back this money looting in the name of salaries is causing the Nigerian economy. If this sort of money looting can go on unperturbed in an arm of government that is supposed to be the watchdog to other arms,the financial misconduct that will be taking place in other arms will be unimaginable. Unless something is done about this madness, Nigeria is certainly heading towards a headlong economic catastrophe.