President Barack Obama’s total pay last year was $400,000, which is about $34,000. The pay package of the world’s most powerful leader was revealed Friday as America’s First Couple revealed their tax filings for 2012. With President Obama already pledging a 5 per cent pay cut, the couple’s income will most likely head southwards in 2013. In Naira terms, Obama earns about N64million yearly from his work as the President of the United States of America, a country three-tenths the size of the African continent. The revelation immediately forces a comparison with the obscenely jumbo pay Nigeria’s lawmakers receive.
Nigerian senators currently draw a scandalous N180 million illegal allowance each annually, making them the world’s highest paid lawmakers. This excludes their basic salary – a far lesser figure -and essential allowances approved by the Revenue Mobilization, Allocation and Fiscal Commission. It also does not include allowances and estacodes the senators draw while on committee work within and outside the country. A member of the House of Representatives also receives N144 million as allowances.
The principal officers for the two chambers receive far much more, with the Senate President said to be drawing an allowance of N250 million every quarter, making the allowances N1billion yearly. Here is a full picture of the salary of the Nigerian senator : NIGERIAN SENATORS Basic Salary (BS) = N2,484,245.50 Hardship Allowance: 50% of Basic Salary = N1,242,122.75 Constituency allowance: 200% of BS = N4,968,509.00 Furniture Allowance: 300% of BS = N7,452,736.50 Newspaper allowance: 50% = N1,242,122.70 Wardrobe allowance: 25% = N621,061.37 Recess Allowance: 10% = N248,424.55 Accommodation: 200% = N4,968,509.00 Utilities: 30% = N828,081.83 Domestic Staff: 35% = N863,184.12 Entertainment: 30% = N828,081.83 Personal Assistance: 25% = N621,061.37 Vehicle Maintenance Allowance: 75% = N1,863,184.12 Leave Allowance : 10% = N248,424.55 One off payments (Severance gratuity): 300% = N7,452,736.50 Motor Vehicle Allowance: 400% of BS = N9,936,982.00 Total per month = N29, 479, 749.00 The issue still remains whether Nigeria’s lawmakers can justify this payout in a country ravaged by poverty, where more than 80 per cent of the people live on less than a dollar a day. Does anybody know the total emoluments for Nigeria’s ministers and the President?
Posted: at 14-04-2013 09:48 PM (11 years ago) | Hero
odprince at 15-04-2013 12:21 AM (11 years ago) (m)
our leaders are criminals.....with all the money that goes to them,still their never want good thing to come to the country,,evil leaders....no electricity,no roads,no water,no security,no job,no health care,no good hospital in the country,,,,,God have mercy on us Nigerians
Posted: at 15-04-2013 12:21 AM (11 years ago) | Gistmaniac
moni4real at 15-04-2013 12:51 AM (11 years ago) (f)
YOUR LEADERS ARE CORRUPT, CRIMINALS. WHAT DO U EXPECT FROM THEM? FOR NIGERIA 2 MOVE FORWARD, PEOPLE LIKE OBASANJO, TINUBU, BUHARI, ARTHUR EZE, AND SOME OTHER CRIMINALS NEED 2 DIE.
Posted: at 15-04-2013 12:51 AM (11 years ago) | Upcoming
It is a shame… These so called politicians are criminals of the highest order....
They thrive in the following; Extravagance, arrogance, opulence, ignorance, negligence, corruption, nepotism just to mention a few….
It makes me sick when the poor are dying; pensioners are not being paid for years, poor roads, insecurity and so on …. . and yet they can dish out expensive gifts to virgins, well established folks, buy expensive jets, cars and mansions, pay the medical bills of stars, pardon their cronies and so on… ...they get away with every crime committed simply because we are divided tribally and the politicians are aware of this notion and they are as united as ever. The mentality of “Tribalism”, “I Before Others” and “If You Can’t Beat Them Join Them” etc.. are well embedded in most Nigerians. Like governor Ameachi said “we are too timid” and he was right.
The inequity is just beyond description.
What we need in this country is revolution of the people, by the people for the benefit of the people and this can be achieved non-violently. Are we ready? I guess not… We are doomed for now.
Posted: at 15-04-2013 02:04 AM (11 years ago) | Gistmaniac
Starship at 15-04-2013 07:22 AM (11 years ago) (m)
THE FACT REMAINS THE SAME:::: WHO IS CONDEMNING THESE MEN?? U GUYS ARE HERE JUST TYPING TRASH COS DE DONT EVEN KNOW A SITE LIKE NAIJAPALS.COM... De read vanguard,, de sun,, de nation,, guardian,. Etc... Yet de still do their stuff..... If we the next generation should stage a strict way and demand their pay cut,, and ask dem to release their salary structure[as under freedom of information] through any competent court maybe it'll probably show we are serious... Lets think about it.....
Posted: at 15-04-2013 07:22 AM (11 years ago) | Upcoming
dlimelite at 15-04-2013 07:50 AM (11 years ago) (f)
Quote from: odprince on 15-04-2013 12:21 AM
our leaders are criminals.....with all the money that goes to them,still their never want good thing to come to the country,,evil leaders....no electricity,no roads,no water,no security,no job,no health care,no good hospital in the country,,,,,God have mercy on us Nigerians
Posted: at 15-04-2013 07:50 AM (11 years ago) | Hero
dlimelite at 15-04-2013 07:52 AM (11 years ago) (f)
Quote from: papadip on 15-04-2013 02:04 AM
It is a shame… These so called politicians are criminals of the highest order....
They thrive in the following; Extravagance, arrogance, opulence, ignorance, negligence, corruption, nepotism just to mention a few….
It makes me sick when the poor are dying; pensioners are not being paid for years, poor roads, insecurity and so on …. . and yet they can dish out expensive gifts to virgins, well established folks, buy expensive jets, cars and mansions, pay the medical bills of stars, pardon their cronies and so on… ...they get away with every crime committed simply because we are divided tribally and the politicians are aware of this notion and they are as united as ever. The mentality of “Tribalism”, “I Before Others” and “If You Can’t Beat Them Join Them” etc.. are well embedded in most Nigerians. Like governor Ameachi said “we are too timid” and he was right.
The inequity is just beyond description.
What we need in this country is revolution of the people, by the people for the benefit of the people and this can be achieved non-violently. Are we ready? I guess not… We are doomed for now.
You've spoken well
Posted: at 15-04-2013 07:52 AM (11 years ago) | Hero
odprince
moni4real
HOPEA23
Biafranwar
papadip
malvin2525
dickman2
doncoyon
micc
denmal
Starship
arin
Shegzan
lakman
dlimelite
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