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Home Spotlight

[Institute of Legislative Studies] This Is What A Nigerian Legislator Earns Annually

Nairametrics by Nairametrics
October 12, 2015
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Nigerians have for years been clamoring to know how much their legislators earn annually as the huge disparity between the rich and the poor continues to widen. Before now a lot of newspaper and online reports rely on third-party sources or sources independent of the National Assembly to determine the income of legislators.

However, the National Institute of Legislative Studies, NILS has released a report, showing what constitutes the earnings of federal legislators in Nigeria. The report detailed the breakdown against that of some select countries also. See their annual salaries below;

ANNUAL SENATORS (N) HO– USE OF REPS (N)
Basic Salary2,026,400.00 .50
Vehicle Fuelling/Maintenance1,520,000.001,489,000.00
Constituency5,000,000.001,985,000.00
Domestic Staff1,519,000.001,488,000.00
Personal Assistant506,600.00493,303.00
Entertainment607,920.00                 595,563.00
Recess202,640.00198,521.00
Utilities607,920.00397,042.00
Newspapers/Periodicals303,960.00297,781.00
House Maintenance101,320.0099,260.00
Wardrobe506,600.00496,303.00
Estacode950.00**$900.00**
Tour Duty37,000.0035,000.00**
TOTAL 12,902,360.00 9,525,985.50

*** Not added to total N12,902,360.00 x 109 Senators = N1,406,357,240.00  N9,524,985.50 x360 House of Rep Members = N3,428,994,780.00

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TENURE (EVERY 4 YEARS) SENATORS (N) HO– USE OF REPS (N)
Accommodation4,000,000.003,970,000,00
Vehicle Loan8,000,000.007,940,000.00
Furniture6,000,000.005,956,000.00
Severance Gratuity6,090,000.005,956,000.00
TOTAL 24,090,000.00 23,822,000.00

N24,090,000.00 x 109 Senators = N 2,625,810,000.00

N23,822,000.00 x 360 House of Reps Members =  N8,575,920,000.00

 

GRAND TOTAL

SENATE: 36,992,360 = $184,962.00

HO– USE OF REPRESENTATIVES: 33,347,985.5 = $166,740.00

 

 

Tags: News Review
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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