BreakingNews 26/4/16 - Compare Nigeria Senate Salaries With Their World counterparts, An Amazing Exposition

[ Masterweb Reports: C. K. Ekeke reports ] - What a Nigerian Senator takes home every year is simply mind-boggling.  This is another major reason why Nigeria continues to flounder and blunder - no future for vast majority of Nigerians until we fundamentally change the institutions of governance into fiscal federalism.  Nigeria as constituted is a fraud and few are handsomely benefitting from the status quo and mediocrity. Really this is crazy and amazing, to imagine that such amount of money is squandered by a few Nigerians in a country where intellectuals abound.

 

Below is the mind-boggling comparative figures -

 

Senator's Pay World Wide:

* Sri Lanka – $5,100.00
* India – $11,200.00
* Malaysia – $25,300.00
* Thailand – $43,800.00
* Spain – $43,900.00
* Ghana – $46,500.00
* Saudi Arabia – $64,000.00
* Indonesia – $65,800.00
* Kenya – $74,500.00
* France – $85,900.00
* Sweden – $99 300.00
* South Africa – $104,000.00
* Britain – $105,400.00
* New Zealand – $112,500.00
* Israel – $114,800.00
* Germany – $119,500.00
* Ireland – $120,400.00
* Hong Kong – $130,700.00
* Japan – $149,700.00
* Canada – $154 000.00
* Singapore – $154,000.00
* Brazil – $157,600.00
* United States – $174,000.00
* Italy – $182,000.00
*Nigeria - $2,183,685.00


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

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

Remember, yearly Salary of Nigerian Senator = N353,756,988.00

Proportion: N353,756,988.00/N216,000.00 = 1,638

It will take an average Nigerian worker 1,638 years to earn the yearly salary of a Nigerian Senator. 
 

C. K. Ekeke, a public theologian, author and leadership scholar reports.
 
*Photo Caption - As seen.
 
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