The Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, have
approved the remuneration packages of each of the 37 ministers sworn in
by President Muhammadu Buhari on Wednesday.
According to Punch, 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 fuelling 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.
Punch Sunday
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