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Home Business News

Federal lawmaker, Hon. Leke Abejide, says he earns N697,000 monthly as salary, shows credit alert

Chike Olisah by Chike Olisah
June 16, 2022
in Business News
Federal lawmaker, Hon. Leke Abejide, says he earns N697,000 monthly as salary, shows credit alert
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The lawmaker representing Yagba East/West/Mopamuro constituency at the House of Representatives, Honourable Leke Abejide, on Thursday, said that his monthly salary is N697,911.

The lawmaker’s statement has further added to the controversy surrounding the remuneration of federal legislators which has been a subject of serious criticism by Nigerians and public affairs analysts in an economy that is struggling.

This was made known by Abejide while appearing on a Channels Television programme, Sunrise Daily, on Thursday, where he displayed a screenshot of his monthly pay which showed about N697,000.

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Although Abejide admitted that he receives about N113 million annually for constituency projects and left with less than N1.5 million monthly after all deductions, he did not provide evidence for allowances and monies for these constituency projects.

What the Federal Lawmaker is saying

Abejide said being a lawmaker was not lucrative as his constituents expect him to provide for their special needs.

  • He said, “The allowances you talk about – I have staff, then people in the constituency are also there waiting for me. In a month, I don’t think I have up to N1.5 million. And I have family to take care of.
  • “So if you are coming to this system and you are someone who has been working on your own and doing business, you will not like to continue. Because the demand that is coming from your constituency in a month is in the range of N30 to N40 million.
  • “Someone whose children wants to go to school, to hospital, somebody who wants to do marriage, it is only you they will be focusing on. They can’t get the Governor; you are the closest person to them. And if you don’t do for them, then you have not done anything. So that’s the danger in this assembly.
  • “If you are not a man of means and you come to this seat, in one year people will be stoning you.
  • “The only difference is constituency project. Mine is N113 million a year. And out of it, government will take 18.5 percent.”

What you should know

  • The Federal lawmakers in Nigeria are believed to be one of the highest paid parliamentarians in the world despite widespread poverty among the general population.
  • Some former Nigerian presidents and the general public have often expressed outrage over the jumbo pay of these federal lawmakers calling for a slash in their salaries and allowances.

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Tags: Honourable Leke AbejideRemuneration of federal legislators
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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