Federal, State Lawmakers To Get N49bn As Salaries And Allowances

Opzylee02 April 10, 2023Last Updated: April 10, 2023

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The salaries and allowances for the incoming lawmakers in Nigeria may cost the country about N49bn.

According to punch reports, The figure covers the salaries and allowances of state and federal lawmakers.

This is exclusively based on data collated from a document obtained from the website of the Revenue Mobilisation and Fiscal Allocation Commission.

The allowance of the Senate President will gulp about N33.29m. This includes annual N6.21m for constituency allowance, annual N248,424.25 for recess, and N7.45m for severance gratuity, which is paid at the end of the tenure.

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Similarly, the allowance of the Deputy Senate President is expected to cost the nation about N30.94m.
This includes an annual N5.77m for constituency allowance, an annual N230,916.70 for recess, and N6.93m for severance gratuity.

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Other senators get N2.03m as basic annual salary (a total of N8.11m in four years) and a total of N72,137,440 each as allowances.

The salaries of the 107 senators will cost N867.3m, while their allowances will cost N7.72bn.

“In the American Congress, do you know how much their running cost is? It is $1m. Do you know how much their salary is? It is $14,000 per month. Yet, you pay me $2,000 as salary,” Mr Wole Oke A member of the House of Representatives representing Oriade/Obokun Federal Constituency of Osun State in the current 9th Assembly said.