The Revenue Mobilization, Allocation and Fiscal Commission,
RMAFC, have approved the remuneration
packages of each of the 36 ministers sworn in by President Muhammadu Buhari on
Wednesday.
According to our source, a committee chaired by Chairman of
Remuneration Committee, Mr. Abdullahi Inde, new packages prepared by the
committee, had been ratified at a retreat held for commissioners of the agency,
which was concluded recently in Owerri. The recommendations of the committee concentrated on the
allowances of political and judicial office holders as the salary packages will
not depart significantly from the status quo.
However, after the preparation of the new packages by RMAFC,
it still has to be presented to the Federal Executive Council which has the
responsibility to present it to the National Assembly as a bill for enactment
as an Act of Parliament.
Chairman of RMAFC, Mr. Elias Mbam, on Saturday said that the
new packages would soon be made public. He said the work was “going through a
process of editing.” Presidency sources said that the new ministers would be paid
in accordance with the existing statute because the reviewed package was not
ready.
According to the current package, the Minister of Power,
Works and Housing, Mr. Babatunde Fashola; Minister of Transport, Mr. Rotimi
Amaechi; Minister of Information and Culture, Mr. Lai Mohammed and other senior
ministers will get N4,052,800 as housing allowance. The annual housing
allowance is 200 per cent of a minister’s annual remuneration.
Each of the ministers is also entitled to N6, 079,200 as
furniture allowance. The furniture allowance is 300 per cent of a minister’s
annual salary. Unlike the housing allowance, however, the furniture allowance
is paid once in four years. This means the furniture allowance per annum is
N1,519,800. Should any of the ministers desire, they are also entitled
to N8,105,600 as motor vehicle allowance.
The motor vehicle allowance is, however, a loan repayable by
the end of the tenure of the minister. The annual basic salary of a substantive
minister is N2,026,400. On monthly basis, this amounts to N168,866:66.
Apart from the monthly basic salary, there are other perks
that each minister will receive at the end of each month. These include motor
vehicle fueling and maintenance allowance of N1, 519,800 (annual value) with a
monthly value of N126,650. The vehicle maintenance allowance is 75 per cent of
the annual basic salary.
The personal assistant allowance of N506,600 per annum is
also payable. This has a monthly value of N42,216.66. This allowance is
calculated as 25 per cent of the basic salary. Each of the senior ministers is entitled to a payment of
N1,519,800 for domestic staff. This is 75 per cent of the annual basic salary
and on monthly basis amounts to N126, 650.
For entertainment, each of the ministers is entitled to
N911,880 annually or N75,990 per month. This is 45 per cent of the annual basic
salary.
For utilities, each of the ministers is entitled to 30 per
cent of their annual salary which translates to N607,920 per annum or N50,660 a
month.
For monitoring, each of the ministers is entitled to 20 per
cent of their annual basic salary. This translates to N405,280 per annum or
N33,773.33 per month. For newspapers/periodicals, each of the senior ministers
will get 15 per cent of the annual basic salary. This translates to N303,960
per annum or N25,330 per month.
Allowances for their security personnel, medicals and
special assistants are also provided. The tour duty allowance is N35,000 per
night; the estacode is $900 per night and the leave allowance is 10 per cent of
their annual salary or N202,640.
The summation of these annual allowances is N13,374, 240 for
each minister excluding the optional vehicle allowance. Yearly, the Federal
Government is expected to pay the 24 senior ministers no less than
N320,981,760.
Each of the ministers of state, on the other hand, is
entitled to N3, 915,160 as housing allowance and N5,872,740 as furniture
allowance. Should any of the ministers desire, they are also entitled to N7,
830,320 as motor vehicle allowance, which is a loan repayable by the end of the
tenure of the minister.
The annual basic salary of a substantive minister of state
is N2,026,400. On monthly basis, this amounts to N168,866:66. The state ministers are also entitled to other perks. These
include motor vehicle fuelling and maintenance allowance of N1, 468,185 (annual
value) with a monthly value of N122,348.
The personal assistant allowance of N489,395 per annum is
also payable. This has a monthly value of N40,782.91. This allowance is 25 per
cent of the basic salary. Each of the state ministers is entitled to a payment of
N1,468,185 for domestic staff. This is 75 per cent of the annual basic salary
and on monthly basis amounts to N122,348.75.
For entertainment, each of the state ministers is entitled
to N880,911 annually or N73,409.25 per month. This is 45 per cent of the annual
basic salary.
For utilities, each of the ministers is entitled to 30 per
cent of their annual salary which translates to N587,274 per annum or N48,
939.50 a month.
For newspapers/periodicals, each of the state ministers will
get 15 per cent of the annual basic salary. Which is N293,637 per annum or N24,
469.75 per month.
The security personnel, medicals and special assistants are
also provided for the state ministers. The tour duty allowance is N30,000 per
night; the estacode is $900 per night and the leave allowance is 10 per cent of
their annual salary or N195,758.
The summation of these annual allowances for the junior
ministers is N12,597,332 for each minister excluding the optional vehicle
allowance. Yearly, the Federal Government is expected to pay the 13 junior
ministers no less than N163,765,316.
Source
Punch.
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