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Wednesday 17 June 2015

SALARY OF NIGERIAN SENATORS : THE VAMPIRES DIARY 5






After reading through this Special Report, any shred of doubt in the reader’s mind that Nigeria is doomed and heading for a headlong, downward plummeting will simply dissipate.
The Nigerian Legislators, both at the State & Federal levels are the problem of this country.
They only legislate into their pocket at the detriment of the masses.

The details of the remuneration of an average Nigerian SENATORS
ARE detailed below:
* 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 Alawance (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 ($2,183,685.00)
* EXCHANGE RATE: $1 = N162
LEGISLATORS SALARY WORLDWIDE PER ANNUM
* Britain – $105,400.00
* United States – $174,000.00
* France – $85,900.00
* South Africa – $104,000.00
* Kenya – $74,500.00
* Saudi Arabia – $64,000.00
* Brazil – $157,600.00
* Ghana – $46,500.00
* Indonesia – $65,800.00
* Thailand – $43,800.00
* India – $11,200.00
* Italy – $182,000.00
* Bangladesh – $4,000.00
* Israel – $114,800.00
* Hong Kong – $130,700.00
* Japan – $149,700.00
* Singapore – $154,000.00
* Canada – $154 000.00
* New Zealand – $112,500.00
* Germany – $119,500.00
* Ireland – $120,400.00
* Pakistan – $3,500.00
* Malaysia – $25,300.00
* Sweden – $99 300.00
* Sri Lanka – $5,100.00
* Spain – $43,900.00
* Norway – $138,000.00
In terms of lawmakers’ salaries as a ratio of GDP per capita, the gap is even much wider. While the salary of a Nigerian lawmaker is 116 times the country’s GDP per person, that of a British member of parliament is just 2.7 times. 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)
Remember, Yearly Salary of Nigerian Senator =$2,183,685.00.
Proportion: $2,183,685.00/$1,333.00 = 1,638

It will take an average Nigerian worker 1,638 years to earn the yearly salary of a Nigerian Senator.
Let’s unite, mobilize and move against them beginning with those thieves at the National Assembly.
The above is simply the reason why they kill and do all sort of dirty acts in order to get elected into the House of Representative or Senate. They are all vampires sucking the blood of the common masses at the detriment of them who are less privileged to be at the corridor of power.

If truly they want to serve the Nation, I think there is need to restructure the salary/remuneration package of Political appointees as well as Lawmakers in ways that is in inline with the standard of payment in Civil Services. Salaries like this are the basis for hoodlums clustering political positions in Nigeria turning the House and senate into WWF Arena or boxing ring. If Nigeria
Please read and send to all your contacts

Source: The economist


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