What a Nigerian Senator earns #UndressNASS

Posted: June 9, 2015 in Crime, Dairy of a Freeman, Help Line, HMMMM, smh, State House, Wicked World
Tags: , , ,

Nigerian-Senate-LogoThe cost of Governance in Nigeria is a huge unjust strain on the nations economy. if nothing is done by the present Buhari administration, then there will be no room for meaningful development in the country. Do you know that a Nigerian senator earns more in Salary than US President and David Cameron of the UK. I’ll leave you to tell how much Nigerian President goes home with at the end of each month.

In the United States, while the minimum wage is $1,257 (N191, 667), a US lawmaker earns $15,080 (N2.3m) per month. In the United Kingdom, a lawmaker earns $8,686 (N1.3m) monthly while the gross national minimum wage is $1,883 (N283, 333) per month. Also, Nigerian lawmakers earn higher than their counterparts in Sweden. With a monthly pay of $7,707 (N1.2m), a lawmaker in Sweden will need to work for over 12 years to equal what a Nigerian senator earn per annum. An Indian lawmaker must work for at least 49 years to earn the annual salary of a Nigerian senator.

The president of the United States takes home an annual salary of $400,000 (N64.156,0m), including a $50,000 expense allowance making the president the highest paid public servant in the US. The $400,000 includes everything and $350,000 out of it is taxable.

The details of the remuneration of an average Nigerian Senator is detailed below; (and there are some allowances that will make you wonder if this people have a conscience or not).

  • Basic Salary (B.S) – N2,484,245.50
  • Hardship Allowance (50% of B.S) – N1,242,122.70
  • Constituency Allowance (200% of B.S) – N4,968,509.00
  • Newspapers Allowance (50% of B.S) – N1,242,122.70
  • Wardrobe Allowance (25% of B.S) – N621,061.37
  • Recess Allowance (10% of B.S) – N248,424.55
  • Accommodation (200% of B.S) – N4,968,509.00
  • Utilities (30% of B.S) – N828,081.83
  • Domestic Staff (70% of B.S) – N1,863,184.12
  • Entertainment (30% of B.S) – N828,081.83
  • Personal Assistants (25% of B.S) – N621,061.12
  • Vehicle Maintenance Allowance (75% of B.S) – N1,863,184.12
  • Leave Allowance (10% of B.S) – N248,424.55
  • Severance Gratuity (300% of B.S) – N7,452,736.50
  • Car Allowance (400% of B.S) – N9,936,982.00
  • TOTAL MONTHLY SALARY = N29,479,749.00 ($181,974.00)
  • TOTAL YEARLY SALARY = N29,479,749.00 x 12 = N353,756,988.00 ($2,183,685.00)

* EXCHANGE RATE: $1 = N162 (Hopefully the Naira will get back to where it was as at December 2014 when this analysis began)

LEGISLATORS PAY WORLDWIDE PER ANNUM

  • * Britain – $105,400.00
    * United States – $174,000.00
    * France – $85,900.00
    * South Africa – $104,000.00
    * Kenya – $74,500.00
    * Saudi Arabia – $64,000.00
    * Brazil – $157,600.00
    * Ghana – $46,500.00
    * Indonesia – $65,800.00
    * Thailand – $43,800.00
    * India – $11,200.00
    * Italy – $182,000.00
    * Bangladesh – $4,000.00
    * Israel – $114,800.00
    * Hong Kong – $130,700.00
    * Japan – $149,700.00
    * Singapore – $154,000.00
    * Canada – $154 000.00
    * New Zealand – $112,500.00
    * Germany – $119,500.00
    * Ireland – $120,400.00
    * Pakistan – $3,500.00
    * Malaysia – $25,300.00
    * Sweden – $99 300.00
    * Sri Lanka – $5,100.00
    * Spain – $43,900.00
    * Norway – $138,000.00

The funny thing is that the standard of living and the Gross Domestic ratios of most of the above countries are well high than that of Nigeria.

In terms of lawmakers’ salaries as a ratio of GDP per capita, the gap is even much wider. While the salary of a Nigerian lawmaker is 116 times the country’s GDP per person, that of a British member of parliament is just 2.7 times.

The average salary of Nigerian worker based on the national minimum wage is N18,000.00, So, the yearly salary is N18,000.00 x 12 = N216,000.00 ($1,333.00)
Remember, Yearly Salary of Nigerian Senator = $2,183,685.00.

Proportion: $2,183,685.00/$1,333.00 = 1,638

It will take an average Nigerian worker 1,638 years to earn the yearly salary of a Nigerian Senator. Thinking on this will just give one an intense heart ache. President Muhammadu Buhari better does something about it or all his proposed effort to redeem the country’s dwindling economy will be a waste. May God help Nigeria.

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