See How Much Your New President Will Earn As Annual Salary & Allowances

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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.

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