Must Read!! See Why Everybody Wants To Be In Abuja (See This Salary Breakdown)

If you don’t understand why those who are in Abuja don’t
want to return and those who want to go are doing so at all
cost, look at this information.
SPECIAL REPORT:
SALARY OF NIGERIAN SENATORS.
After reading through this Special Report, any of doubt in the
reader’s mind that Nigeria is doomed and heading for a
headlong, downward plummeting will simply dissipate.
The details of the remuneration of an average Nigerian
Senator is detailed below:
* Basic Salary (B.S) – N2,484,245.50
* Hardship Allowance (50% of B.S) – N1,242,122.70
* Constituency Allowance (200% of B.S) – N4,968,509.00
* Newspapers Allowance (50% of B.S) – N1,242,122.70
* Wardrobe Allowance (25% of B.S) – N621,061.37
* Recess Allowance (10% of B.S) – N248,424.55
* Accommodation (200% of B.S) – N4,968,509.00
* Utilities (30% of B.S) – N828,081.83
* Domestic Staff (70% of B.S) – N1,863,184.12
* Entertainment (30% of B.S) – N828,081.83
* Personal Assistants (25% of B.S) – N621,061.12
* Vehicle Maintenance Allowance (75% of B.S) –
N1,863,184.12
* Leave Allowance (10% of B.S) – N248,424.55
* Severance Gratuity (300% of B.S) – N7,452,736.50
* Car Allowance (400% of B.S) – N9,936,982.00
* TOTAL MONTHLY SALARY = N29,479,749.00 ($181,974.00)
* TOTAL YEARLY SALARY = N29,479,749.00 x 12 =
N353,756,988.00 ($2,183,685.00)
* EXCHANGE RATE: $1 = N162
LEGISLATORS PAY WORLDWIDE PER ANNUM
* Britain – $105,400.00
* United States – $174,000.00
* France – $85,900.00
* South Africa – $104,000.00
* Kenya – $74,500.00
* Saudi Arabia – $64,000.00
* Brazil – $157,600.00
* Ghana – $46,500.00
* Indonesia – $65,800.00
* Thailand – $43,800.00
* India – $11,200.00
* Italy – $182,000.00
* Bangladesh – $4,000.00
* Israel – $114,800.00
* Hong Kong – $130,700.00
* Japan – $149,700.00
* Singapore – $154,000.00
* Canada – $154 000.00
* New Zealand – $112,500.00
* Germany – $119,500.00
* Ireland – $120,400.00
* Pakistan – $3,500.00
* Malaysia – $25,300.00
* Sweden – $99 300.00
* Sri Lanka – $5,100.00
* Spain – $43,900.00
* Norway – $138,000.00
In terms of lawmakers’ salaries as a ratio of GDP per capita,
the gap is even much wider.
While the salary of a Nigerian lawmaker is 116 times the
country’s GDP per person, that of a British member of
parliament is just 2.7 times.
The average salary of Nigerian worker based on the national
minimum wage is N18,000.00, So, the yearly salary is
N18,000.00 x 12 = N216,000.00 ($1,333.00)
Remember, Yearly Salary of Nigerian Senator =
$2,183,685.00.
Proportion: $2,183,685.00/$1,333.00 = 1,638
It will take an average Nigerian worker 1,638 years to earn
the yearly salary of a Nigerian Senator.
Source: The Economist