Fashola, Amaechi Others To Earn N485m Yearly

Each of the 37 ministers sworn in by President Muhammadu
Buhari on Wednesday will receive current remuneration
packages approved by the Revenue Mobilisation, Allocation
and Fiscal Commission, SUNDAY PUNCH has learnt.
The current remuneration of public office holders is guided
by the Remuneration Act of 2007.
RMAFC had in June set in motion the process for the
downward review of the existing salaries and allowances of
political, public and judicial office holders when it
inaugurated a committee chaired by Chairman of
Remuneration Committee, Mr. Abdullahi Inde.
A review became imperative following dwindling
government revenues occasioned by falling prices in the
international oil market.
New packages prepared by a committee headed by Inde,
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, told our
correspondent on Saturday that the new packages would
soon be made public. He said the work was “going through a
process of editing.”
Presidency sources told our correspondent 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.
Like their senior counterparts, 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. This translates to
N293,637 per annum or N24, 469.75 per month.
Like their senior counterparts, 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