expr:content='data:blog.isMobile ? "width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0" : "width=1100"' name='viewport'/> Lydia Gilbert's blog: This is why everybody wants to be in Abuja: view their salary breakdown

Saturday 27 June 2015

This is why everybody wants to be in Abuja: view their salary breakdown


If you don't understand why those who are in
Abuja don't want to return and those who
want to go are doing so at all cost, look at this
information.
SPECIAL REPORT
The details of the Remuneration of an average Nigerian Senator
is 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 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 ($2,183,685.00)
* EXCHANGE RATE: $1 = N162
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.




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