Connect with us

News

Salary Structure of Nigeria’s President 2022 – Current Monthly Earnings

Salary Structure of Nigeria’s President 2022

Check out Salary Structure of Nigeria’s President 2022. According to the Revenue Mobilisation Allocation and Fiscal Commission. From basic arithmetic, the take-home pays off the Nigerian President and the Vice President.

Nigeria's President Salary Structure 2022

Breakdown of President Salary

However, the President’s salary breakdown was made known to the public. By the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

Which is empowered by section 32 (d) of Part1 of the Third Schedule. However, the Constitution which determines the revenue that is suitable for the holders of political office.

Apart from the basic salary, the President of Nigeria is also entitled to allowances which include. Hardship allowance, which makes 50% of his salary, N1, 757,350.50.

Also, consistency allowance which makes 250% of his salary, N8, 786,762.50.

The president’s gratuity is N10, 544,115. Also, which makes 300% of his salary. However, he is also entitled to a leave allowance which makes 10% of his salary, 351, 470.50.

Also, a vehicle loan which makes 400% of the salary, 14, 058,820 is to be repaid before the tenure expires.

READ ALSO:

Some other regular allowances include; Personal assistant. Also, with a constituency, vehicle fuelling/maintenance, domestic staff.

Additionally, entertainment, recess, newspaper/periodicals, utilities. It also, includes houses maintenance, security, special help, furniture, wardrobe, duty tour, accommodation, estacode, medical allowances, etc.

Salary Structure Of Nigerian President

However, the Vice President Osibanjo also gets a Hardship allowance of N1, 515,786.25, Consistency allowance of N7, 578,931.25, Severance gratuity of N9, 094,717.50.

READ ALSO  FIFPRO announces the death of two Ukrainian footballers during Russian invasion

Also, with a Leave allowance of N303,157.25. He also receives a vehicle loan which makes 400% of his basic salary, N12, 126,290 which is to be repaid before the tenure expires.

After summing up all allowances, President Buhari will earn N1, 171,568.33 monthly, and N14, 058,820 yearly.

However, the vice president will earn N1, 010,524.17 monthly, and N12, 126,290 yearly.

More Details

Also, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), reassessed the salary structure in 2007.

Therefore, they were carried out right after the salary structure assessment allowances. Also, for holders of top federal public offices out by the National Salaries and Wages Commission.

which took effect on 1st May 2000 after the administration of Olusegun Obasanjo.

President Buhari’s official salary at the moment is N3.51 million per year. Also, N3.03 million for Vice President Osibanjo.

Meanwhile, N2.02 million for the Minister, N1.95 million for the Minister of State. Also, N1.94 million for Special Adviser. N2.22 million for Governor, N2.11 million for Deputy Governor, and N1.33 million for Commissioners.

However, if you find this article interesting share it with friends across the country. Also, in the diaspora let the know the basic salary of the president of the Federal Republic of Nigeria.

Thank you for reading please this with any of our social media platforms.

LATEST POSTS

HOT TOPICS

legal officer legal officer
Jobs16 hours ago

A legal officer for a real estate company

The duties of a legal officer are to oversee a company’s legal affairs and ensure compliance with all applicable laws and...

A leading venture capital firm's business manager A leading venture capital firm's business manager
Jobs17 hours ago

A leading venture capital firm’s business manager

The Business Manager oversees all company operations. They develop strategies to increase productivity and efficiency. Manager for Business Job Type Full-Time Qualification OND Experience...

Oklahoma Technologies Nigeria Limited's female marketing officer Oklahoma Technologies Nigeria Limited's female marketing officer
Jobs17 hours ago

Oklahoma Technologies Nigeria Limited’s female marketing officer

Oklahoma Technologies Nigeria Limited’s female marketing officer is a leader in the deployment of smart technologies for vehicle security and...

Metro1 week ago

NSCDC Trains Katsina Command Operatives in Peace, Conflict Resolution

Conflict resolution NSCDC trains Katsina Command operatives in peace   The Nigeria Security and Civil Defense Corps organized a training...

Entertainment1 week ago

Davido, WizKid, Burna Boy To Perform At Afro Nation 2022

A three-day celebration of Afrobeats will feature Burna Boy, Davido and Wizkid performing on different days. Other global artists like...

News1 week ago

Kumuyi launches empowerment programme for youths

On Saturday, the Deeper Christian Life Ministry launched Young Eagles Soaring, an empowerment program to help youths learn professional skills....

Health1 week ago

Poor Health Services Amid Nigerians’ Right Under National Insurance Act

Poor Health Services Despite Nigerians’ Rights under the National Insurance Act   Nigeria’s healthcare delivery has been faced with major...

Metro1 week ago

Again, gunmen attack Kogi police station, kill cop

On Friday, suspected gunmen attacked the Okehi Area Command for the Nigeria Police at Eika-Ohizenyi within the Okehi Local Government...

Popular Tags

Trending

Copyright © 2022 - Affairsofnaija.com is a daily News publication In Nigeria covering Latest news, Breaking News, Politics, Relationships, Entertainments and Sports.