How Nigerian Politicians Are Milking The Country Dry. A. SALARY OF SELF SERVING NIGERIA SENATORS Below is the breakdown of the monthly earnings of a Nigerian senator: 1. Basic Salary – N2,484 245.50 2. Hardship Allowance (50 per cent of B.S) – N1, 242, 122.70 3. Constituency Allowance (200 per cent of B.S) – N4, 968, 509.00 4. Newspapers Allowance (50 per cent of B.S) – N1, 242 122.70 5. Wardrobe Allowance (25 per cent of B.S) - N621, 061.37 6. Recess Allowance (10 per cent of B.S) – N 248, 424.55 7. Accommodation (200 per cent of B.S) – N4, 968, 509.00 8. Utilities (30 per cent of B.S) – N,081.838. Domestic Staff (70 per cent of B.S) – N1,863, 184.12 9. Entertainment (30 per cent of B.S) – N828, 081.83.00 10. Personal Assistants (25 per cent of B.S) – 621, 061.12.00 10. Vehicle Maintenance Allowance (75 per cent of B.S) – N1, 863, 184.12 11. Leave Allowance (10 per cent of B.S – 248, 424.55.00 12. Severance Gratuity (300 per cent of B.S) – N7, 452, 736.50 13. Car Allowance (400 per cent of B.S) –N 9 936982. 00 14. Every four years. Senators’ salary per month – N 2, 456, 647.7 TOTAL MONTHLY SALARY = N 29, 479, 749.00 ($181,974.00) TOTAL YEARLY SALARY = N 29, 479, 749.00 X12 = N353,756,988.00 ($2,183,685.00) EXCHANGE RATE: $1 = N162 B. LEGISLATORS PAY WORLDWIDE – YEARLY SALARY OF LEGISLATORS WORLDWIDE 1. Britain – $105,400.00 2. United States – $174,000 3. France – $85,900.00 4. South Africa – $104,000.00 4. Kenya – $74,500.00 5. Saudi Arabia – $64,000.00 6. Brazil – $157,600.00 7. Ghana – $46,500.00 8. Indonesia – $65,800.00 9. Thailand – $43,800.00 10. India – $11,200.00 11. Italy – $182,000.00 12. Bangladesh – $4,000.00 13. Israel – $114,800.00 14. Hong Kong – $130,700.00 15. Japan – $149,700.00 16. Singapore – $154,000.00 17. Canada – $154,000.00 18. New Zealand – $112,500.00 19. Germany – $119,500.00 20. Ireland – $120,400.00 21.Pakistan – $3,500.00 22. Malaysia – $25,300.00 23. Sweden – $99,300.00 24. Sri Lanka – $5,100.00 25. Spain – $43,900.00 26. Norway – $138,000.00 27. In terms of lawmakers’ salaries as a ratio of 2.8. GDP per capita, the gap is even much twider. C.GDP 1. While the salary of a Nigerian lawmaker is 116 times the country’s GDP per person, that of a 2. British member of parliament is just 2.7 times. D. AVERAGE WORKER SALARY 1. 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) 2. Yearly Salary of Nigerian Senator = $2,183,685.00 3. Yearly Salary of Average Nigerian Worker = $1,333.00 4. Proportion: $2,183,685.00/$1,333.00 = 1,638 5. It will take an average Nigerian worker to 1,638 years to earn the yearly salary of a Nigerian Senator. E.COMMENTS: 1. What moral right does any political party have to call themselves progressives (APC) or claim to believe in social democratic ideology, when their Senators, like their conservative counterparts (PDP), earn N353,756,988.00 yearly, which is 1,638 times the annual average salary of a Nigerian worker of N216, 000.00. 2. If they are true progressives, who believe in social democracy, having the core values of FREEDOM, EQUALITY, JUSTICE AND SOLIDARITY, who is stopping them from pushing for a reduction in out of tune salary earned by the Senators and members of the House of Representatives? 3. As I have always said, the political class, irrespective of party affiliations, are CORRUPT, FRAUDULENT GREEDY, SELFISH, AND WICKED. 4. This stand is further buttressed by such earnings, when the vast majority of Nigerians live below the poverty line. Thats How our Nigerian Politicians Are Milking The Country Dry without thinking about the future of the country!!
Posted on: Wed, 08 Oct 2014 14:12:14 +0000
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