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The yearly compensation for Nigerian ministers totals ₦7,801,640, which includes additional payments like those allocated for car upkeep, household help, and leisure activities.
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The advantages encompass provisions for services like utilities, oversight responsibilities, and newspaper subscriptions, offering financial assistance for both occupational and individual requirements.
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Clarity regarding these revenues encourages conversations about governance expenses and fair allocation of resources in Nigeria.
The yearly compensation for a Nigerian minister has been disclosed at ₦7,801,640, translating to a monthly pay of ₦650,136.65. This information comes from the Revenue Mobilisation Allocation and Fiscal Commission, which is a governmental body.
This compensation consists of a yearly base salary of ₦2,026,400, equivalent to ₦168,866.66 each month.
Apart from this basic salary, ministers also benefit from various allowances and additional perks that substantially increase their total income.
Detailed breakdown of allowances
The benefits offered to Nigerian ministers encompass different facets of both their professional needs and personal requirements.
For example, ministers get an yearly sum of ₦1,519,800 for car fueling and upkeep, translating to ₦126,650 each month, guaranteeing their mobility requirements are sufficiently financed. Likewise, there’s an allocation of ₦506,600 every year—equivalent to ₦42,216.66 monthly—to aid in hiring a personal aide responsible for managing administrative duties and maintaining daily workflow efficiency.
Additional provisions consist of a yearly budget of ₦1,519,800 designated for housekeeping staff, equivalent to ₦126,650 each month, enabling ministers to employ individuals for their domestic affairs.
The entertainment budget of ₦911,880 yearly, which breaks down to ₦75,990 each month, enables ministers to meet their formal social responsibilities and uphold an impressive public presence. Furthermore, they receive an annual allocation of ₦607,920 for utilities, equating to ₦50,660 per month, guaranteeing that fundamental services like water and electricity remain constantly accessible.
In order to better assist them in their responsibilities, ministers get an yearly budget of ₦405,280, equivalent to ₦33,773.33 each month, designated as a monitoring stipend. The purpose of this stipend is to aid in supervisory tasks and guarantee that initiatives and operations within their jurisdiction are effectively administered.
Each minister receives an annual allowance of ₦303,960, which amounts to ₦25,330 per month, designated for buying newspapers and magazines. This funding helps them remain updated on domestic and global issues pertinent to their roles.
Nigerian President and Governors’ Salaries Disclosed
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Previously mentioned was the information that the Nigerian president receives an annual salary of ₦14,058,820, which amounts to a monthly pay of ₦1,171,568. State governors, as per the records from RMAFC—a governmental body—get an yearly income of ₦7,782,968, equating to a monthly sum of ₦648,581.
Muhammed Shehu, who serves as the Chairperson of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), revealed these statistics during an interview.
Shehu stressed that Nigerian politicians do not receive extraordinarily high wages as commonly thought, and he pointed out that such salaries have remained unchanged since 2007. He explained that certain government workers, like those at the Central Bank of Nigeria (CBN), actually make more money than cabinet members and lawmakers.