Nigeria’s new president, Muhammadu Buhari, and his deputy, Yemi
Osinbajo, will earn annual basic salaries of N3, 514, 705 and N3, 031,
572.50 respectively, according to the information on the website of the
Revenue Mobilization Allocation and Fiscal Commission.
The RMAFC
is statutorily empowered by Section 32 (d) of Part 1 of the Third
Schedule of the Constitution to determine the remuneration appropriate
for political office holders.
Apart from the salaries, the
president is entitled to various regular allowances like: Hardship, 50
per cent of the basic salary – N1, 757, 350.50; consistency – 250 per
cent, N8, 786, 762.50.
Other regular allowances like
