Outrageous : A Nigerian Senator Earns More than Barack Obama of USA and David Cameron of UK

A Nigerian senator earns more in Salary than Barack Obama of the US 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. An Indian lawmaker must work for at least 49 years to earn the annual salary of a Nigerian senator.

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.


The president of the United States takes home an anual 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.


Selected States (salary per annum)
The prime minister of the United Kingdom......USD 226,627.00 
French president......................................... USD 318,072.00 
South African president................................USD 296,112.00 
German chancelor........................................USD 296,112.00 
The Prime Minister of Belgium.......................USD 174,804.00 
President of the Republic of Korea.................USD 136,669.00 
President of Russia.......................................USD 122,652.00 
Prime Minister Portugal.................................USD 129,730.00 
Prime Minister Namibia.................................USD 115,155.00 
President of Angola......................................USD 60,000.00 
President Argentina......................................USD 55,139.00 
Prime Minister Ukraine..................................USD 61,254.00 
President Zimbabwe.....................................USD 18,000.00 
President of People's republic of China...........USD 10,633.00 
President Liberia..........................................USD 90,000.00 
Prime Minister Spain ...................................USD 102,960.00 
Prime Minister Namibia................................USD 115,155.00 
President Namibia.......................................USD 164,506.00 
President of Colombia ................................USD 120,685.00 
Prime Minister of the Netherlands.................USD 190,740.00 
Prime Minister Ireland.................................USD 264,000.00 
Prime Minister Denmark..............................USD 264,533.00 
President Mexico........................................USD 328,839.00 
USD 328,839.00 ........................................USD 427,886.00 
President Austria........................................USD 422,231.00 
President of the European Council................USD 508,916.00 


NIGERIAN SENATORS
Basic Salary (BS) = N2,484,245.50


Hardship Allowanc: 50% of Basic Salary = N1,242,122.75


Constituency allowance: 200% of BS  =  N4,968,509.00


Furniture Allowance: 300% of BS = N7,452,736.50


Newspaper allowance: 50% = N1,242,122.70 


Wardrobe allowance: 25%   = N621,061.37


Recess Allowance: 10%       = N248,424.55


Accommodation: 200%        = N4,968,509.00


Utilities: 30%                      = N828,081.83


Domestic Staff: 35%           = N863,184.12


Entertainment: 30%            = N828,081.83


Personal Assistance: 25%   = N621,061.37


Vehicle Maintenance Allowance: 75%  = N1,863,184.12


Leave Allowance : 10% = N248,424.55


One off payments (Severance gratuity): 300%  = N7,452,736.50 


Motor Vehicle Allowance: 400% of BS = N9,936,982.00 


Total per month = N29, 479, 749.00    


A senator's anual salary          = over N182 million 
multiply by 109 senators (don't forget the House of rep, ministers, ambassadors,  ...)


In addition to the regular and legitimate salaries and allowances of over N17 million ($113,333) and N14.99 million ($99,933) which senators and reps were collecting yearly and the irregular allowance of estacodes, duty tours etc, they were also collecting over N192m ($1.28m) and N140m ($0.93m) respectively in illicit quarterly allocation which is not provided for by RMAFC.


Effectively, a Nigerian senator was taking home at least $1.40m ($1.28m quarterly allocations + $0.113m regular salaries and allowances) as against the $0.174m an American senator takes home hence a Nigeria senator earns at least 8 times as much as an American senator and more than 3 times the American president.


Whereas a Senator in the U.S earns N21, 146,000, the same as a member of the House of Representatives; a UK Member of Parliament earn £64,766 (N14, 896,180)


In other words, a Federal Legislator in Nigeria is paid more than double what a Member of British Parliament earns per annum.


Senate President David Mark alone takes N250 million quarterly or N83.33 million per month. Senate Deputy President Ike Ekweremadu gets N150 million per quarter or N50 million a month.


Mark and Ekweremadu earns in 4 months, six times what the UK Prime Minister earns in a year. David Cameron goes home with £190,000 per anum (N43, 700,000)


In a newspaper news article entitled ‘An Assembly for looting’ written by Musikilu Mojeed with Elor Nkereuwem, the authors rightly claimed that each of the 360 members of the House of Representatives were getting N35 million in cash money in quarterly allocation while each of the 109 Senators pockets N48 million each. These allocations have however been slashed by 20% to N27 million ($180,000) and N38 million ($253,333) respectively due to the 20% reduction requested by the late president.

Nigerian firm wins $1.2bn housing contracts in Chad

Nigerian firm wins $1.2bn housing contracts in Chad


A Nigerian company, Exhimab Integrated Linx Limited has secured a $1.2 billion contract for the construction of 50,000 housing units to be financed by the Chadian Government. Chairman of the company, Alhaji Ahmed Tijani Umar, said the houses, which would be spread across all the provinces are in different categories of one, two, three and four bedroom flats in major towns in Chad Republic.


According to him, construction is expected to commence on July 1, 2010 with the completion date put at 2013. Umar described the project as one of Chad Republic’s many welfare plans to ensure that its citizenry enjoy benefit from its crude oil windfall as well as a fulfilment of President Idriss Derby’s pledge to Chadians.


Based on the Memorandum of Understanding (MoU) signed by his company and the Chadian Government, he said he was to provide 80 per cent of the funds by receiving international guarantee from the Chadian Government while the Government of the Republic of Chad would provide the remaining 20 per cent counterpart funds including land.


Alhaji Umar commended the Chadian President, Idriss Deby for the confidence and encouragement reposed on Exhimab, particularly on the tax holiday and waiver on building materials imported to the landlocked country.


Tagged: Mass Housing for All in Chad, the Exhimab boss declared that the project would be flagged off with the Presidents of other neighbouring countries of Chad present. The MoU was signed by Alhaji Ahmed Tijani Umar on behalf of Exhimab and the Minister of Housing and Regional Development, Mr. Djimrangar Dadnadji, for the Chadian Government.


According to the MoU, the Chadian Government would provide the land, and 20 per cent financing and administrative support needed for the success of the programme.

Unity Bank Retires 500 Workers

Unity Bank Plc Monday said about 500 members of its staff will proceed on retirement, in line with a programme aimed at reinvigorating its workforce.


The bank also said that about 389 members of staff in various departments were promoted while salary increments by way of notches were also given to another 1,855.


A statement from the bank explained that the move was aimed at raising productivity and competitive position in the industry. “With the implementation of the programme, the bank has announced staff promotions, retirements and will embark on new recruitments to fill vacancies,” it said.


The statement also revealed that while a Deputy General Manager was promoted General Manager, two others Deputy General Manager and five others to the position of Assistant General Manager.


It explained further: “Three members of staff were elevated to the position of Principal Manager, nine to Senior Manager Position, six to Manager status, while those promoted to the ranks of Deputy Manager and Assistant Manager altogether number 54. Other staff in the rank of Senior Banking Officer, Banking Officer, Assistant Banking Officer and Executives also benefitted from the promotion exercise.


“Of the number proceeding on retirement one each are in the rank of General Manager and Deputy General Manager and an Assistant General Manager while others are of various categories In carrying out the retirement, the bank worked in co-operation with all the stakeholders including the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) to ensure industrial harmony,” it added.


Unity Bank also stated that the affected workers would be paid their terminal benefits, gratuity, and other entitlements.


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