What Is The Annual Salary Of Nigerian President The salary structure of Nigerian Presidents is determined by the Revenue Mobilization Allocation and Fiscal Commission RMAFC which is a constitutional body responsible for determining the salaries and allowances of public office holders in Nigeria As of 2023 the annual salary of the President of Nigeria is 30 000 000 thirty million
Nigeria s average salary range ranges from 85 700 NGN per month USD 198 43 the lowest average to 1 510 000 NGN per month USD 3 496 24 the highest average Note The average salary range figures represent the average minimum and maximum salary The actual maximum salary and minimum salary may differ This means his basic salary will be N3 514 705 this amount was made public by the revenue Mobilization Allocation and Fiscal Commission Other entitlements that make it N14 million naira are the consistency allowance which makes up 250 of his annual salary and amounts to N8 786 762 50
What Is The Annual Salary Of Nigerian President
What Is The Annual Salary Of Nigerian President
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The president of Nigeria receives a basic salary of N292 892 If allowances are added to this basic salary the total salary becomes N1 171 568 per month and an annual salary of around N14 million This was after the new remuneration policy slashed the head of state s salary by 50 in 2017 Read also Nearly everyone earns less than USD 550 75 of the people earn USD 170 or less 50 employees earn less USD 120 or less 25 of the employees earn less than USD 90 Minimum Wage and Starting Salary Minimum Wage and Starting Salary refers to the fundamental pay levels for entry level positions
Many Nigerians were shocked after recent revelations from a prominent politician Shehu Sani that Nigerian senators are entitled to monthly expenses of 13 5m naira 27 000 37 500 in The Vice President is to receive an annual Basic Salary of N2 064 400 Hardship allowance of N1 515 786 25 and a Constituency Allowance of N7 578 931 25 bringing his total annual earning to N12 1million About 75 percent of his annual basic salary would be paid for vehicles and their maintenance if he chooses to buy his vehicles and maintain them
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The Nigerian president earns 1 4 million naira and the vice president earns 2 million naira as basic salary annually This is in line with the new remuneration package that was unveiled by the Nigerian Senate which is the Upper Legislative Chamber last year Nigeria s President and Vice President s Salary Structure The estimated total pay for a President is NGN 430 000 per month in the Nigeria area with an average salary of NGN 230 000 per month These numbers represent the median which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users The estimated additional pay is NGN 200 000
The president currently earns 292 893 Naira per month as a salary The vice president who receives a bit less than the president will take home 252 063 per month as salary An important fact is that the Nigerian president s salary is not arbitrarily determined The president gets N1 171 568 20 N1 17m per month According to the RMAFC document the president s annual take home pay including allowances is N14m Source rmafc gov ng Source UGC Vice President s salaries and allowances The vice president gets a total of 12 126 290 00 N12 1m per annum for his salaries and various allowances
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What Is The Annual Salary Of Nigerian President - The president of Nigeria receives a basic salary of N292 892 If allowances are added to this basic salary the total salary becomes N1 171 568 per month and an annual salary of around N14 million This was after the new remuneration policy slashed the head of state s salary by 50 in 2017 Read also