Each of the 37 ministers sworn in by President Muhammadu Buhari on Wednesday will receive current remuneration packages approved by the Revenue Mobilisation, Allocation and Fiscal Commission, According to Punch Newspapers
The current remuneration of public office holders is guided by the Remuneration Act of 2007.
RMAFC had in June set in motion the process for the downward review of the existing salaries and allowances of political, public and judicial office holders when it inaugurated a committee chaired by Chairman of Remuneration Committee, Mr. Abdullahi Inde.
A review became imperative following dwindling government revenues occasioned by falling prices in the international oil market.
New packages prepared by a committee headed by Inde, had been ratified at a retreat held for commissioners of the agency, which was concluded recently in Owerri.
The recommendations of the committee concentrated on the allowances of political and judicial office holders as the salary packages will not depart significantly from the status quo.
However, after the preparation of the new packages by RMAFC, it still has to be presented to the Federal Executive Council which has the responsibility to present it to the National Assembly as a bill for enactment as an Act of Parliament.
Chairman of RMAFC, Mr. Elias Mbam, told our correspondent on Saturday that the new packages would soon be made public. He said the work was “going through a process of editing.”
Presidency sources told our correspondent that the new ministers would be paid in accordance with the existing statute because the reviewed package was not ready.
According to the current package, the Minister of Power, Works and Housing, Mr. Babatunde Fashola; Minister of Transport, Mr. Rotimi Amaechi; Minister of Information and Culture, Mr. Lai Mohammed and other senior ministers will get N4,052,800 as housing allowance. The annual housing allowance is 200 per cent of a minister’s annual remuneration.
Each of the ministers is also entitled to N6, 079,200 as furniture allowance. The furniture allowance is 300 per cent of a minister’s annual salary. Unlike the housing allowance, however, the furniture allowance is paid once in four years. This means the furniture allowance per annum is N1,519,800.
Should any of the ministers desire, they are also entitled to N8,105,600 as motor vehicle allowance. The motor vehicle allowance is, however, a loan repayable by the end of the tenure of the minister.
The annual basic salary of a substantive minister is N2,026,400. On monthly basis, this amounts to N168,866:66.
Apart from the monthly basic salary, there are other perks that each minister will receive at the end of each month. These include motor vehicle fuelling and maintenance allowance of N1, 519,800 (annual value) with a monthly value of N126,650. The vehicle maintenance allowance is 75 per cent of the annual basic salary.
The personal assistant allowance of N506,600 per annum is also payable. This has a monthly value of N42,216.66. This allowance is calculated as 25 per cent of the basic salary.
Each of the senior ministers is entitled to a payment of N1,519,800 for domestic staff. This is 75 per cent of the annual basic salary and on monthly basis amounts to N126, 650.
For entertainment, each of the ministers is entitled to N911,880 annually or N75,990 per month. This is 45 per cent of the annual basic salary.
For utilities, each of the ministers is entitled to 30 per cent of their annual salary which translates to N607,920 per annum or N50,660 a month.
For monitoring, each of the ministers is entitled to 20 per cent of their annual basic salary. This translates to N405,280 per annum or N33,773.33 per month.
For newspapers/periodicals, each of the senior ministers will get 15 per cent of the annual basic salary. This translates to N303,960 per annum or N25,330 per month.
Allowances for their security personnel, medicals and special assistants are also provided. The tour duty allowance is N35,000 per night; the estacode is $900 per night and the leave allowance is 10 per cent of their annual salary or N202,640.
The summation of these annual allowances is N13,374, 240 for each minister excluding the optional vehicle allowance. Yearly, the Federal Government is expected to pay the 24 senior ministers no less than N320,981,760.
Each of the ministers of state, on the other hand, is entitled to N3, 915,160 as housing allowance and N5,872,740 as furniture allowance. Should any of the ministers desire, they are also entitled to N7, 830,320 as motor vehicle allowance, which is a loan repayable by the end of the tenure of the minister.
The annual basic salary of a substantive minister of state is N2,026,400. On monthly basis, this amounts to N168,866:66.
Like their senior counterparts, the state ministers are also entitled to other perks. These include motor vehicle fuelling and maintenance allowance of N1, 468,185 (annual value) with a monthly value of N122,348.
The personal assistant allowance of N489,395 per annum is also payable. This has a monthly value of N40,782.91. This allowance is 25 per cent of the basic salary.
Each of the state ministers is entitled to a payment of N1,468,185 for domestic staff. This is 75 per cent of the annual basic salary and on monthly basis amounts to N122,348.75.
For entertainment, each of the state ministers is entitled to N880,911 annually or N73,409.25 per month. This is 45 per cent of the annual basic salary.
For utilities, each of the ministers is entitled to 30 per cent of their annual salary which translates to N587,274 per annum or N48, 939.50 a month.
For newspapers/periodicals, each of the state ministers will get 15 per cent of the annual basic salary. This translates to N293,637 per annum or N24, 469.75 per month.
Like their senior counterparts, the security personnel, medicals and special assistants are also provided for the state ministers. The tour duty allowance is N30,000 per night; the estacode is $900 per night and the leave allowance is 10 per cent of their annual salary or N195,758.
The summation of these annual allowances for the junior ministers is N12,597,332 for each minister excluding the optional vehicle allowance. Yearly, the Federal Government is expected to pay the 13 junior ministers no less than N163,765,316. Click to signup for FREE news updates, latest information and hottest gists everyday
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So it's the total wage bill for all the 36 ministers.....but why did NE choose to deceive readers with a misleading headline, just to attract viewership?
ReplyDeleteAbi o.
DeleteI don't think the money is too much. Where the bulk if govt money goes is inflation of contracts
Height of insanity in a depressed economy.
ReplyDeleteSuffering and Smiling. The poor masses are all over the country and diaspora suffering, while our Leaders are smiling.
ReplyDeleteWhere is the change
ReplyDeleteSensationalism at its worst. How do these figures amount to NGN485 million a year? Very stupid reporting.
ReplyDeleteChaiiii while we are busy struggling for survival these pple are earning this much. Youths does not have job. if they will get this kind of salary then what will the vis president get or even the presido? God help us. They don't even need to Waite for their salary bcos all other benefit is enough. Most of them served as governor and made too much money but they will not give the youth any chance. May God judge you all here on earth first before last day judgement.
ReplyDeleteThis is just a beginning,we are moving close to the promise. Irrespective of the tribe, committed Nigerians are required to run the affairs.Well done ACP.
ReplyDeleteWhat did NE hope to achieve with this?
ReplyDeleteMislead the populace?
Journalism should be better than this!
Giving that this is the total sum for the 36ministers, its perhaps less than what 40 newly employed graduates in total or exxon mobil will earn in a year. Think about it. Just saying.
ReplyDeleteIf I don't get extra cash from other sources, I wont accept such ministerial appointment because the money does not worth it..... the Author of this article should rephrase his headline very well because it is misleading
ReplyDeleteIf you add the annual salary for senior ministers which is 320,981,760 with the annual salary of minsters of state which is 163,765,316, it will give you an approximate of 450 million.
ReplyDeleteThis money is not even up to what some of the senior manager in some company in Nigeria were earning. Please give them chance to work. We should be able to pay them well so that they will not be able to be corrupted by the evil people. Any of the minister that find wanted will not have any excuse.
ReplyDeleteTHE SAME SET OF PEOPLE DAT WHERE GOVERNORS
DeletePLSSSSSSSSSSSSSSS
SAY SOMETHING ELSE
This article is misleading, whoever came up with that headline is an enemy of this country. Rubbish
ReplyDeletei dont know what minister used to be paid before but if Nigeria has that kind of money why not use it to establish businesses or companies. and here we are crying DAT the Nigeria youths are jobless.
ReplyDeleteplease APC, PLS BUHARI Help us if past governor who are already rich will get this where will it lead us to backward or forward where did you promise to take to take us up or down
DO SOMETHING FOR THE NIGERIAN PEOPLES I BEG YOU
AM not saying they should not be paid their salary but they should take as low as 18000 monthly as see how if feels to be down HEAVEN KNOWS this will not happen but just reconsider
plsssssssssssssssssssssssssssss
these looters earn millions per year while jobless Nigerians have no income/housing benefit Support from the government and Buhari is still saying there is no money so how come the ministers get all the allowances even to buy underwear so what do they do with their basic salary excluding the allowances, Nigerians are shortchanged year after year when greedy and good for nothing people that are meant to protect and fight for them just don't bother,
ReplyDelete