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Sunday, September 4, 2016

Nigerian Senators, Reps earn N6.78 billion annually


At a time Nigerians are groaning under the yoke of recession, Members of the National Assembly (NASS) comprising the Senators and Members of House of Representatives have received a total of N6.78 billion as their official salaries and allowances in one year, investigation by Economic Confidential has revealed.

The report obtained by Economic intelligence magazine showed the ‘legitimate’ remuneration of the federal legislators in compliance to the statutory approval of the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC. The remuneration packages include annual salaries, accommodation, vehicle maintenance and fuel, Personal Assistants, House maintenance, domestic staff, entertainment and utilities allowances. Others allowances are, constituency allowance, annual Leave, hardship allowance, wardrobe, newspapers and responsibility allowances.

A careful scrutiny of the report shows that each senator has annual salary of N2.02 million while a member of House of Representative receives N1.98 million as annual basic salary. The basic salary of the Senate President is N2.48 million while that of the Speaker of House of Rep is N2.47 million. The Deputy Senate President has N2.30 million as annual basic salary while his counterpart, Deputy Speaker earns N2.28 $million annually.



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