Approved Nigerian Ministers Salary Structure & Benefits (2024)
Do you want to know how much Ministers in Nigeria are paid? If that’s the case, then this article will be as a guide to you. This article will look at the approved salary and benefits for Ministers of the Federal Republic of Nigeria.
The Nigerian government is structured in a way that allows the President to appoint Ministers who head various Ministries, Departments and Agencies (MDAs) of government. These Ministers are responsible for overseeing the day-to-day activities of their respective MDAs and ensuring that government policies and programmes are implemented effectively.
As with any other country, Nigerian Ministers are remunerated for their services. This article will discuss the salary structure and benefits of Nigerian Ministers.
NEW SALARY STRUCTURE OF NIGERIAN MINISTERS (2024)
Nigeria, like most countries, has a governmental structure that is headed by the President, who has the power to appoint Ministers to head various Ministries, Departments, and Agencies (MDAs) of government. These Ministers are responsible for the effective implementation of government policies and programmes within their respective MDAs. As with any other country, Nigerian Ministers are remunerated for their services. This paragraph will discuss the salary structure of Nigerian Ministers.
The salary structure of Nigerian Ministers is governed by the Remuneration Act of 2007. According to this Act, the basic salary of a Nigerian Minister is ₦2,026,400 (Two Million, Twenty-Six Thousand, Four Hundred Naira) per annum. This translates to a monthly salary of ₦168,866.67 (One Hundred and Sixty-Eight Thousand, Eight Hundred and Sixty-Six Naira, Sixty-Seven Kobo).
However, Nigerian Ministers are entitled to various allowances and benefits that significantly increase their overall remuneration. These allowances and benefits are discussed in the next section.
BENEFITS
Nigerian Ministers are entitled to various benefits that are aimed at ensuring their comfort and wellbeing while in office. These benefits include:
- Accommodation: Nigerian Ministers are entitled to a fully furnished official residence. The government also provides the Minister with a monthly utility allowance of ₦400,000 (Four Hundred Thousand Naira) to offset the cost of electricity, water and other utilities.
- Transportation: Nigerian Ministers are entitled to a brand new official car that is replaced every four years. The Minister is also entitled to a driver and an official vehicle maintenance allowance of ₦1,519,350 (One Million, Five Hundred and Nineteen Thousand, Three Hundred and Fifty Naira) per annum.
- Domestic Staff: Nigerian Ministers are entitled to a maximum of three domestic staff. The government pays the salaries and allowances of these staff.
- Security: Nigerian Ministers are entitled to 24-hour security provided by the State Security Service (SSS). The government also provides a security vote of ₦22,500,000 (Twenty-Two Million, Five Hundred Thousand Naira) per annum to cater for the security needs of the Minister and his or her family.
- Travel: Nigerian Ministers are entitled to first-class air tickets for official travels. They are also entitled to travel allowances and estacode (daily subsistence allowance) while on official trips.
- Other Benefits: Nigerian Ministers are entitled to various other benefits such as medical allowances, entertainment allowances, and newspaper allowances.
It is important to note that the remuneration of Nigerian Ministers is subject to review from time to time. This is to ensure that their remuneration is in line with the prevailing economic realities of the country.
FREQUENTLY ASKED QUESTIONS ON NIGERIAN MINISTERS SALARY STRUCTURE
Here are some frequently asked questions about the salary structure of Nigerian Ministers:
Q: HOW MUCH DO NIGERIAN MINISTERS EARN?
A: Nigerian Ministers earn a basic salary of ₦2,026,400 (Two Million, Twenty-Six Thousand, Four Hundred Naira) per annum. This translates to a monthly salary of ₦168,866.67 (One Hundred and Sixty-Eight Thousand, Eight Hundred and Sixty-Six Naira, Sixty-Seven Kobo).
Q: DO NIGERIAN MINISTERS RECEIVE ALLOWANCES?
A: Yes, Nigerian Ministers are entitled to several allowances and benefits. These allowances include accommodation, transportation, domestic staff, security, travel, and other benefits.
Q: WHAT IS THE ACCOMMODATION ALLOWANCE FOR NIGERIAN MINISTERS?
A: Nigerian Ministers are entitled to fully furnished official residences. The government also provides them with a monthly utility allowance to offset the cost of electricity, water, and other utilities.
Q: WHAT IS THE TRANSPORTATION ALLOWANCE FOR NIGERIAN MINISTERS?
A: Nigerian Ministers are entitled to official cars that are replaced every four years. They are also entitled to a driver and an official vehicle maintenance allowance.
Q: WHAT IS THE SECURITY ALLOWANCE FOR NIGERIAN MINISTERS?
A: Nigerian Ministers are entitled to 24-hour security provided by the State Security Service (SSS). The government also provides a security vote to cater for the security needs of the Minister and his or her family.
Q: DO NIGERIAN MINISTERS RECEIVE MEDICAL ALLOWANCES?
A: Yes, Nigerian Ministers are entitled to medical allowances to cover the cost of medical treatment.
Q: ARE THE BENEFITS OF NIGERIAN MINISTERS SUBJECT TO REVIEW?
A: Yes, the benefits of Nigerian Ministers are subject to review from time to time. This is to ensure that their benefits are in line with the prevailing economic realities of the country.
Q: HOW DOES THE SALARY OF NIGERIAN MINISTERS COMPARE TO OTHER COUNTRIES?
A: The salary of Nigerian Ministers is relatively high compared to other African countries. However, it is lower than the salaries of Ministers in some developed countries.
ARE NIGERIAN MINISTERS PAID MORE THAN PRESIDENTIAL AIDES?
The salary structure of Nigerian Ministers and Presidential Aides are different, and as such, it is difficult to make a direct comparison. However, it is worth noting that both positions are high-ranking and come with significant remuneration packages.
Presidential Aides are appointed by the President and are responsible for providing support and advice on various issues. The salary structure of Presidential Aides is not publicly disclosed, but they are known to receive significant allowances and benefits, including official cars, accommodation, and travel allowances.
On the other hand, Nigerian Ministers are appointed by the President and are responsible for overseeing specific ministries. As mentioned earlier, they earn a basic salary of ₦2,026,400 (Two Million, Twenty-Six Thousand, Four Hundred Naira) per annum and are entitled to several allowances and benefits.
CONCLUSION
It’s no news that Nigerian Ministers are well remunerated for their services. Their salary structure and benefits are aimed at ensuring that they are comfortable and can effectively perform their duties. It is, however, important to note that the remuneration of Nigerian Ministers is subject to review from time to time. This is to ensure that their remuneration is in line with the prevailing economic realities of the country.
