Connect with us

FG Raises Tinubu’s Monthly Salary to N8.1 Million; VP, Legislators, Others Get 114% Salary Increases


FG Raises Tinubu’s Monthly Salary to N8.1 Million; VP, Legislators, Others Get 114% Salary Increases

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has made adjustments to the salaries of President Bola Tinubu, Vice President Kashim Shettima, and other political and judicial officeholders.

According to the report presented by RMAFC chairman Muhammadu Shehu, President Tinubu will now earn a monthly salary of N8,013,527, which is a 114% increase compared to former President Muhammadu Buhari’s monthly salary of N3,514,705.

The report was presented to Kebbi State Governor Nasir Idris during a courtesy visit at the Government House in Birnin Kebbi, with Rakiya Tanko-Ayuba, the federal commissioner, representing the RMAFC chairman. The commission conducted a review of the remuneration packages in accordance with the provisions of paragraph 32(d) of Part 1 of the Third Schedule of the 1999 Constitution, which grants them the authority to do so.

The last review of remuneration took place in 2007, and the commission held a public hearing across all geopolitical zones on February 1 to deliberate on the matter. The reviewed remuneration packages were based on both subjective and objective criteria.

Shehu said: “It empowers the revenue mobilisation, allocation and fiscal commission to determine the remuneration appropriate for political office holders, including the president, vice-president, governors, deputy governors, ministers, commissioners, special advisers, legislators and the holders of the offices mentioned in sections 84 and 124 of the constitution of the federal government.

“Sixteen years after the last review, it is imperative that the remuneration packages for the categories of the office holders mentioned in relevant sections of the 1999 constitution (as amended) should be reviewed.

“Pursuant to the above, your excellency may please recall that on Wednesday, 1st February 2023, the commission held a one-day zonal public hearing on the review of the remuneration package simultaneously in all the six (6) geo-political zones of the country. The aim of the exercise was to harvest inputs/ideas from a broad spectrum of stakeholders.”

He added: “The subjective criteria reflected the various expression by stakeholders through memoranda received, opinions expressed during the zonal public hearings and responses to questionnaires administered.

“The objectives of the criteria were obtained from analysis of macro-economic variables particularly the Consumer Price Index (CPI).”

Categories: News

Continue Reading
You may also like...

More in News

To Top