2016 Salaries – Allowances of President Buhari, VP Osinbajo, Ministers, Others : Despite substantial pay cuts in salaries and allowances of President Muhammadu Buhari and Vice-President Professor Yemi Osinbajo, and other cabinet members have pocketed about 2.295 billion as official salaries and allowances in the last one year.
A critical examination by Economic Confidential magazine indicates that despite recession Mr. President has an annual basic salary of N3.51m, Vice- President N3.03m, while Ministers, Secretary to the Government of the Federation, Head of Service and Chairmen of Boards of statutory agencies have N2.02m respectively.
As for members of constitutional bodies, Special advisers, Speech writers, Directors General, Accountant General of the Federation, Permanent Secretaries, CEOs of agencies and INEC Resident Electoral Commissioners each have an annual basic salary of N1.9m.
The report shows that only the President and the Vice-President in the Executive arm of government enjoy the hardship allowances of 50 percent each of their annual basic salaries; 250 percent as Constituency Allowances and enjoy other perks to be provided (TBP) by government. These benefits to be provided to the two leaders include, but not limited to the following: Accommodation, Furniture, Domestic Staff, Personal Assistants, Utilities Newspapers, Vehicles, Entertainment, Maintenance and Estacode.
Credit: Economic Confidential