After the review of the salaries of public office holders by statutory body, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), the President will now earn N14, 4 million in salary and allowances annually.
Salaries and allowances of the Vice President, Senate President and Speaker of the House of Representatives and Speakers in the 36 states of the federation, as well as well other legislators in both the National and State Assemblies among other public officers in the country were also reviewed.
According to Vanguard, the break down shows that the President’s Basic Salary is N 3,514,705 and Hardship allowance, N1, 757,350:50. Constituency N 8,786,762:50 and Leave Allowance – N351, 470.
Buhari will receive a 400 per cent increase in his salary amounting N14. 058 million, as gratuity upon a successful completion of his tenure.
The Federal Government is to provide him with all his needs including vehicles, Special Assistants, Personal Assistants, entertainment, security, utility bills, newspapers, medical bills and clothing.
His estacode and Duty Tour allowance were however not listed.
On his part, the Vice President Yemi Osinbajo is to receive an annual Basic Salary of N2,064, 400; Hardship allowance- N1, 515, 786.25 and a Constituency Allowance of N7, 578, 931.25, bringing his total annual earning to N12.1million.
About 75 per cent of his annual basic salary would be paid for vehicles and their maintenance if he chooses to buy his vehicles and maintain them.
He is to receive another 25 per cent to hire his Personal Assistants; 75 per cent for domestic staff; 45 per cent for entertainment and 30 per cent for utility.
The VP is to receive a separate 20 per cent of his salary for monitoring; 200 per cent for accommodation and 300 per cent for furniture.
His duty Tour Allowance stands at N 35, 000 per night and an estacode of $900 per night.
He is to receive 10 per cent of his salary as Leave Allowance and 300 per cent as gratuity upon a successful completion of his tenure.