current realities in Nigeria:RMAFC begins review of salaries of political office holders

Revenue Mobilisation, Allocation and Fiscal Commission {RMAFC} says it has started preliminary work on the review of the remuneration of political office holders.

The commission which is empowered by section 32(d) of Part 1 of the Third Schedule of the Constitution to determine the emoluments of political office holders.

Addressing newsmen in Abuja, Chairman of RMAFC, Mr Elias Mbam, disclosed that the pay package of political office holders could go up or down after the process.

The review is to ensure that their remunerations reflect current realities.”

Mbam said, “It is the intention of the commission to review remuneration of public office holders this year and the process will determine whether it will be a reduction or an increase.

RMAFC chairman said, plans to undertake an audit process that would help it recover over N100 billion outstanding money, noting that since 2015, the commission had recovered over N75 billion from money due the Federation Account.

Federal Government had said that the country was not generating enough revenue, and, despite misgivings over the rising debt stock, planned to take more loans to fund part of the 2020 budget.

He maintained that the responsibility of collecting ‘illegally-earned’ salaries and remunerations from individuals sacked from the National Assembly lies within the purview of the Clerk of the Assembly.

Currently, the country’s President and Vice President earn N3.5m and N3.03m as basic salary, per annum, respectively, according to the breakdown made available by the RMAFC.

Tthe annual basic salary of political office holders are – minister, N2.02m; minister of state, N1.95m; Special Adviser, N1.94m; governor, N2.22m, deputy governor, N2.11m, and commissioner, N1.33m.

Apart from the basic salary, the President is entitled to allowances such as hardship allowance, which is 50 per cent of his salary, about N1.757m, and consistency allowance – 250 per cent of his salary, which amounts to about N8.79m.

According to punch, the President’s gratuity is 300 per cent of his salary, amounting to N10, 544,115, and he is also entitled to a leave allowance of 10 per cent of his salary, as well as a vehicle loan which amounts to 400 per cent of the salary.

The Vice President, governors, members of the National Assembly and some other categories of political office holders also receive similar allowances in different amounts.

Other regular allowances enjoyed by the President, Vice President, the governors and members of the National Assembly include personal assistant, constituency, vehicle fuelling/maintenance, domestic staff, entertainment, recess, newspaper/periodicals and utilities.

Also included are house maintenance, security, special assistant, furniture, wardrobe, duty tour, accommodation, estacode and medical allowances.

 

Source: Punch

Advertisements

About Admin

Advertisement, Content marketing and  sponsored post: contact : Kokobest04@gmail.com
View all posts by Admin →