REVEALED: See What Buhari & Osinbajo Will Earn Annually

"Increased Manhood Size & Last Over 30minutes Every Time With This. Click Here To Start"

Buhari To Earn N14 Million, Osinbajo N12 Million As Annual
Salary, Allowances!

The Revenue Mobilization Allocation and Fiscal Commission has
announced on their website the amount President Muhammudu Buhari
and vice-president, Yemi Osinbajo, will be earning annually during their
four years in office.

Nigeria’s new president, Muhammadu Buhari, and his deputy, Yemi
Osinbajo, will earn annual basic salaries of N3, 514, 705 and N3, 031,
572.50 respectively, according to the information on the website of the
Revenue Mobilization Allocation and Fiscal Commission.

The RMAFC is statutorily empowered by Section 32 (d) of Part 1 of the
Third Schedule of the Constitution to determine the remuneration
appropriate for political office holders.

Apart from the salaries, the president is entitled to various regular
allowances like: Hardship, 50 per cent of the basic salary – N1, 757,
350.50; consistency – 250 per cent, N8, 786, 762.50.

Other regular allowances like motor vehicle fuelling and maintenance,
special assistant, personal assistant, domestic staff, entertainment,
utilities, security and Newspapers and periodicals are to be provided by
the government – not paid for.

Allowances like accommodation, furniture, and duty tour allowance (per
night), estacode (per night) and medical allowances are also to be
provided as requested.

The allowances are paid periodically, some monthly, a few once in four
years. Duty Tour Allowance and Estacode depend on travels.
For instance, furniture allowance to other cadre of officials, like
ministers and the Secretary to the Government of the Federation, is given
once in four years. The President and Vice President are not paid
furniture allowance as they are provided for.
When all allowances payable each month are added, President Buhari
will take home N1, 171,568.33 each month, and N14, 058, 820.00 yearly.

Vice President Osinbajo will receive N1, 010, 524. 17 monthly, and N12,
126,290.00 per annum.

Details of Allowances

The president’s severance gratuity is N10, 544, 115, that is 300 per cent
of basic; he is entitled to a leave allowance of N351, 470. 50, (10 per cent
of basic salary) and an optional motor vehicle loan of N14, 058, 820, at
400 per cent to be repaid before the expiration of the president’s tenure.

Mr. Osinbajo will also get allowances such as motor vehicle, feeding and
maintenance, special assistant, personal assistant, domestic staff,
entertainment utility, security, newspaper and periodicals.

While the number two man’s hardship, consistency, severance gratuity
and leave allowance are at N1, 515, 786.25; N7, 578, 931.25; N9, 094,
717.50 and N303, 157.25 respectively.

He will also receive a motor vehicle loan at 400 per cent of his basic
salary which is N12, 126, 290; to be repaid at the expiration of his tenure.

The salaries and allowances are drawn from the Consolidated Revenue
Fund.

The current salary structure and allowances were fixed by the RMAFC in
2007.

Before the review, the basic annual salary of the then president,
Olusegun Obasanjo, was N2,586,000 per annum, while that of his deputy,
Atiku Abubakar was N1,938,000 the same as that of the Chief Justice of
Nigeria and the Senate President, both heads of the judiciary and the
legislature.

This was as a result of the review of the salary structure and associated
allowances for the top federal public office holders earlier carried out by
the National Salaries and Wages Commission.

This followed the review of the salary structure and associated
allowances for the top federal public office holders earlier carried out by
the National Salaries and Wages Commission.

That review, which took effect on May 1, 2000, was contained in a memo
SWC.04/S.1/Vol.1V/186 dated May 15, 2000 and signed by G.P.O.

Chikelu, the then Chairman of the Commission.

"Increased Manhood Size & Last Over 30minutes Every Time With This. Click Here To Start"