The Presidency, has said that Senate President, Bukola Saraki, and other average members of the Legislature, earn three billion naira annually.
This shocking exposure was made known by the Chairman of the Presidential Advisory Committee Against Corruption, PACAC, Professor Itse Sagay, while delivering the Nigerian Society of International Law Public Lecture titled: “The Many Afflictions of Anti-Corruption Crusade in Nigeria”, as a Guest Speaker, on Wednesday, in Lagos.
“From the information I have gathered, a Nigerian Senator earns about #29 million a month, and over N3 billion a year”, Sagay stated.
The comprehensive breakdown of the salary of the Senators given by Professor Sagay, amounted to N3,264,329,264.10 per annum.
The breakdown of the salary of 29 million naira per month is as follows:
Basic Salary N2,484,245.50;
Hardship allowance, N1,242,122.70;
Constituency allowance, N4,968,509.00;
Furniture allowance, N7, 452,736.50;
Newspaper allowance, N1,242,122.70;
Wardrobe allowance, N621,061.37;
Recess allowance, N248,424.55;
Domestic staff, N1,863,184.12;
Personal Assistant, N621,061.37;
Vehicle Maintenance Allowance, N1,863,184.12;
Leave Allowance, N248,424.55;
Severance Gratuity, N7,425,736.50
Motor Vehicle Allowance, N9,936,982.00.
Sagay also spoke against the rush of younger politicians in haste to run the affairs of the country, noting that Nigerian politics has quickly declined since the first Republic.
According to Sagay: “One common thread that runs through the attitude of recent politicians, borders on greed, avarice, self-service, and accumulation of wealth at the expense of the country.”
“Why the rush? A young politician who wants to run at 25, will still become 30, it is just a matter of five years. Why can’t they wait to run? Most politicians are just consumed by greed, and the younger they get, the corrupt they become”, the Professor said.