According to Sunday Punch, 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 (RMAFC).
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.
Housing allowance: N4,052,800 (200% of a minister’s annual remuneration)
Furniture allowance: N6, 079,200 (300% of a minister’s annual salary, paid once in four years. Hence, N1,519,800 per annum)
Motor vehicle allowance: N8,105,600 (loan repayable by the end of the tenure of the minister)
Utilities: N587,274 per annum or N48, 939.50 a month (30% of their annual salary)
Like their senior counterparts, the state ministers are also entitled to other perks which include:
Motor vehicle fuelling and maintenance allowance: N1, 468,185 per annum (that is N122,348 per month)
Domestic staff: N1,468,185 (75% of the annual basic salary and on monthly basis amounts to N122,348.75)
Entertainment: N880,911 annually or N73,409.25 per month (45% of the annual basic salary)
Newspaper/periodicals: N293,637 per annum or N24, 469.75 per month (15% of basic salary)
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.
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 excluding the optional vehicle allowance. Yearly, the Federal Government is expected to pay the 13 junior ministers no less than N163,765,316.
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.
The post Here’s The Breakdown Of The N485m Fashola, Amaechi And Others Will Receive Yearly appeared first on KokoFeed - Nigerian News For The Young Generation.
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