FACT AND FIGURES ABOUT OUR LEGISLATORS AND WHY IT IS A POLITICS OF DO OR DIE AFFAIR IN NIGERIA. SOMEBODY SHOULD DECIPHER THESE CODES FOR ME SALARY OF A NIGERIAN SENATOR Basic Salary (B.S) - N2,484,245.50 Hardship Allowance (50 per cent of B.S) - N1,242,122.70 Constituency Allowance (200 per cent of B.S) - N4,968,509.00 Newspapers Allowance (50 per cent of B.S) - N1,242,122.7 Wardrobe Allowance (25 per cent of B.S) - N621,061.37 Recess Allowance (10 per cent of B.S) - N248,424.55 Accommodation (200 per cent of B.S) - N4,968,509.00 Utilities (30 per cent of B.S) - N828,081.83 Domestic Staff (70 per cent of B.S) - N1,863,184.12 Entertainment (30 per cent of B.S) - N828,081.83 Personal Assistants (25 per cent of B.S) - N621,061.12 Vehicle Maintenance Allowance (75 per cent of B.S) - N1,863,184.12 Leave Allowance (10 per cent of B.S) - N248,424.55 Severance Gratuity (300 per cent of B.S) - N7,452,736.50 Car Allowance (400 per cent 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 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.
Posted on: Tue, 09 Dec 2014 11:12:25 +0000
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