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Facebook User Gives Evidence Why Nigeria’s Economy Cannot Sustain Senators Allowances

  • A Facebook user by the name ‘APC Ukwuani’ has given proven evidence why Nigeria’s Senators are the highest paid in the world
  • APC Ukwuani gave a breakdown of how Nigeria’s economy is milked via payment of different allowances to the upper legislative arm

In addition, APC Ukwuani listed some countries of the world and the amount received by their Senators compared to Nigeria.

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So many people have spoken about the jumbo pay and bogus allowances collected not just by the senators but the House of Representatives members as well.

APC Ukwuani writes below:

OUR ECONOMY CAN’T TAKE CARE OF SENATORS ANY LONGER 👇🏿

Senators Annual Pay World Wide:

  • Sri Lanka – $5,100.00
  • Malaysia – $25,300.00
  • Spain – $43,900.00
  • Ghana – $46,500.00
  • Saudi Arabia – $64,000.00
  • France – $85,900.00
  • South Africa – $104,000.00
  • Britain – $105,400.00
  • Germany – $119,500.00
  • Canada – $154 000.00
  • United States – $174,000.00
    *Nigeria – $2,183,685.00

The details of the remuneration of an
average Nigerian Senator is detailed below;
Monthly

  • Basic Salary (B.S) – N2,484,245.50
  • Hardship Allowance (50% of B.S) –
    N1,242,122.70
  • Constituency Allowance (200% of B.S) – N4,968,509.00
  • Newspapers Allowance (50% of B.S) –
    N1,242,122.70
  • Wardrobe Allowance (25% of B.S) – N621,061.37
  • Recess Allowance (10% of B.S) – N248,424.55
  • Accommodation (200% of B.S) – N4,968,509.00
  • Utilities (30% of B.S) – N828,081.83
  • Domestic Staff (70% of B.S) – N1,863,184.12
  • Entertainment (30% of B.S) – N828,081.83
  • Personal Assistants (25% of B.S) – N621,061.12
  • Vehicle Maintenance Allowance (75% of B.S) – N1,863,184.12
  • Leave Allowance (10% of B.S) – N248,424.55
  • Severance Gratuity (300% of B.S) –
    N7,452,736.50
  • Car Allowance (400% 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

Remember, yearly Salary of Nigerian Senator = N353,756,988.00 (three hundred fifty-three Million, seven hundred and fifty-six thousand, nine hundred and eighty eight Naira.
Proportion: N353,756,988.00/N216,000.00 = 1,638

It will take an average Nigerian worker 1,638 years to earn the yearly salary of a Nigerian Senator.

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