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Nigeria’s President Salary Structure 2023 | Current Monthly Earnings

Nigeria’s President Salary Structure – Are you curious about the current salary structure for the President of Nigeria? If yes, then check out the President of the Federal Republic of Nigeria’s Salary Structure 2023 in this post. In this post, you will find the basic arithmetic and take-home salary of the Nigerian President and the Vice President. Information Guide Nigeria

Nigeria is known to run one of the most expensive government systems in the world with the country’s recurrent expenditure regarded as one of the largest in the world. This is mostly due to the cost of governance in the country. Governors, Senators, Ministers, Commissioners, etc. are among the highest earners in Nigeria after the President and Vice President.

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To find out the current salary structure of the Nigerian President, continue reading this post.

Breakdown of the Nigerian President’s Salary

The Nigerian President’s salary structure was made known to the general public by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).Nigeria’s President Salary Structure 2022 | Current Monthly Earnings

The release of the salary breakdown was empowered by section 32 (d) of Part1 of the Third Schedule. The salary range for political offices is determined by the Constitution. It determines the revenue that is suitable for each political office.Top 10 fastest land animals in the World

Aside from the basic salary, the President of Nigeria is entitled to a number of allowances, which include a Hardship allowance is N1,757,350.50, which is 50% of his salary.20 Best Black Crop Tops in Nigeria and their Prices

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In addition, he receives a consistency allowance worth 250% of his salary, totaling N8, 786,762.50.

N10,544,115 is the president’s gratuity. In addition, he earns 300% of his salary. He is, however, entitled to a leave allowance equal to 10% of his salary, or $351,470.50.NPower Recruitment

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In addition, a vehicle loan worth 400% of the salary, or $14,058,820, must be repaid before the tenure expires.

In addition, there is entertainment, recess, newspapers/periodicals, and utilities. It also includes housekeeping, security, special assistance, furniture, wardrobe, duty tour, accommodation, estacode, medical allowances, and so on.

Vice President Yemi Osibanjo, on the other hand, receives a hardship allowance of N1, 515,786.25, a consistency allowance of N7, 578,931.25, and a severance gratuity of N9, 094,717.50.

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In addition, a leave allowance of N303,157.25 is provided. He also receives a vehicle loan worth 400% of his basic salary, N12,126,290, which must be repaid before the tenure ends.

After deducting all allowances, President Buhari will earn N1,171,568.33 per month and N14,058,820 per year.

The vice president, on the other hand, will earn N1, 010,524.17 per month and N12, 126,290 per year.

In addition, in 2007, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) reassessed the salary structure.JAMB Form

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As a result, they were performed immediately following the salary structure assessment allowances. In addition, the National Salaries and Wages Commission has established pay scales for top federal public office holders.

Which went into effect on May 1, 2000, following the administration of Olusegun Obasanjo.WAEC Result

President Buhari’s official annual salary is currently N3.51 million. Also included is N3.03 million for Vice President Osibanjo.

Meanwhile, the Minister will receive N2.02 million, while the Minister of State will receive N1.95 million. N1.94 million is also set aside for a Special Adviser. The Governor will receive N2.22 million, the Deputy Governor will receive N2.11 million, and the Commissioners will receive N1.33 million.JAMB Result

If you find this article interesting, please share it with your friends across the country. Also, inform the diaspora about the president of the Federal Republic of Nigeria’s basic salary.

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There you have it! The current salary structure of the President of Nigeria. Feel free to message is if you need more related information on the Nigerian government. You can also bookmark this page, or subscribe to our page to get steady updates on various topics in Nigeria.

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Victor Nnaji

Victor is a Content Developer at InfoGuideNIgeria.com. InfoGuide Nigeria is a team of Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistance on this topic, kindly contact us.

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