Blogger Peter Okali has a post up detailing the salary of a Nigerian Senator. I’m going to quote most of it, so large hat-tip is due him. (1m Naira is about US$6,100)
Basic Salary (BS) – N2,484,245.50
Hardship Allowance @ 50% of Basic Salary – N1,242,122.70 (I love this kind of hardship)
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 (Which kind newspaper be this, abi na online or hard copy?)
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 (Once they get fired.)
Motor Vehicle Allowance @ 400% of BS – N9,936,982.00 – Every Four Years
Senator’s Salary per month – N2,456,647.70
Total = N29,479,749.00 Per Year
Allowance of Nigerian Senator: $1,500,000/year
To clarify, Nigerian senators get paid about $180,000 per year as a salary. On top of this, they get about $1.5m in allowances, as detailed above. And that’s what they receive officially. You can multiply that by a factor of 3-5 to account for the graft, backhanders, and additional income streams they enjoy whilst in office (and often thereafter). According to Peter, the senators – of which there are 109 – have been asking for an increase in their allowances to $183,000 per month, or $2.2m per year. By contrast, the US president gets paid $400,000 per year.
As Peter says:
Little wonder why everyone in Nigeria has political ambitions and will do whatever it takes to get there.
Indeed. And little wonder why most Nigerians are hopelessly poor and there is a General Strike kicking off tomorrow.