Nigeria’s President Salary Structure: How much will Buhari & Osibanjo earn?

Nigeria’s President, Muhammadu Buhari and Vice President, Osinbajo annual basic salaries is N3, 514, 705 and N3, 031, 572.50 respectively.

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The salary breakdown of Nigeria’s President and Vice president , was  made public by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), which 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, published the information on its website.

Nigeria’s President and Vice President’s Salary Structure

The President is also entitled to several regular allowances apart from his basic salary, such as; Hardship allowance, which is 50% of his basic salary, N1, 757, 350.50; consistency allowance which is 250% , N8, 786, 762.50.

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There are other regular allowances like motor vehicle fuelling and maintenance, special assistant, personal assistant, domestic staff, entertainment, utilities, security and Newspapers and periodicals. These ones are provided by the government and not paid for.

Allowances on accommodation, furniture, duty tour allowance (per night), estacode (per night) and medical allowances are also to provided once requested.

You should be aware that the allowances are paid periodically, i.e monthly, or even once in four years. Duty Tour Allowance and Estacode depend on travels.

After adding up all allowances, Buhari will earn N1, 171,568.33 and and N14, 058, 820.00 yearly.

As for the Vice President, Osinbajo, he will earn N1, 010, 524.17 monthly, and N12, 126,290.00 in a year.

Breakdown down of allowances:

The president’s severance gratuity is N10, 544, 115, that is 300 per cent of basic; he is entitled to a leave allowance of N351, 470. 50, (10 per cent of basic salary) and an optional motor vehicle loan of N14, 058, 820, at 400 per cent to be repaid before the expiration of the president’s tenure.

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In addition to allowances like; motor vehicle, feeding and maintenance, special assistant, personal assistant, domestic staff, entertainment utility, security, newspaper and periodicals; Osinbajo will also get Hardship, Consistency, Severance gratuity and Leave allowance set at N1, 515, 786.25; N7, 578, 931.25; N9, 094, 717.50 and N303, 157.25 respectively.

He will also receive a motor vehicle loan at 400 per cent of his basic salary which is N12, 126, 290; to be repaid at the expiration of his tenure.

The RMAFC reviewed the salary structure in 2007, following the salary structure review and associated allowances for the top federal public office holders earlier carried out by the National Salaries and Wages Commission, which took effect on May 1, 2000 – after theOlusegun Obasanjo administration.

The former president’s basic annual salary was N2,586,000 per annum, while that of his deputy,Atiku Abubakar was N1,938,000, the same as that of the Chief Justice of Nigeria and the Senate President.

At the moment, the official salary of President Buhari is N3.51 million per year, Vice President Osibanjo (N3.03 mil­lion), Minister (N2.02 million), Minister of State (N1.95 million) and Special Adviser (N1.94 million), Governor (N2.22 million), Deputy Governor (N2.11 million), and Com­missioners (N1.33 million).

Following 50 per cent drop in revenue, inflation and the high cost of living, the Federal Government has commenced the review of the Remuneration Act which will affect what the president, vice president, governors, and others will earn.

The review will also affect the remunera­tions of other political officeholders including the ministers, the National Assembly mem­bers and the judiciary.

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What is your take on Nigeria’s President Salary Structure? Do you think his and the vice president’s take home pay is worth it?

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  1. All we want is good governance. We are not interested on how much they earn. Even if they get N100million per month it doesn’t matter in as much as there is steady light, good Medicare, well funded educational institutions, job availability after graduation, good road network and other social amenities.
    Where these are near nonexistent and you are telling us how much public officers are earning, you are indirectly calling for violent revolution.

    1. I definitely agree with your opinion. Time shall tell.

    2. This is the problem with you people… stupidity. What is good governance? Salaries matters and how do you intend to have good hospitals, steady light etc when your leaders are blowing the country revenue Yan fu Yan fu on themselves? Wasteful spending on politics or political salaries is under the clarification of bad governance…it is your money, your future and your children future those low IQ political leaders are mismanaging. And here you are supporting them…no wonder Nigeria is a mess.

  2. Ammany Shehu Tsaya

    Firstly I saluted to my dearest(nigerian army), I am not a public spoke, but now I will speak about nigerian army. Firstly: army are zos hus are always try to make peace in zi nation, secondly: army are always in hard live to make our life easiest. But let me tell you evan zi salary of house of rep.(zi man/woman who is represanting only two/three local government) Is better zan evan zi salary of general in army(zi man who is controling all over zi kantri about defence) is zis karect? this is verry ashame!!!. Please!!! nigeria’s government let you increase salary of army in order to encourage zem about zia risky duty. May Allah help nigerian army.

  3. Ofodile Diana Uchechukwu 2015054043

    All we want is a good leader that we leads Us well

  4. THEY SHOULD DO THE NEEDFUL, NOBODY CARES AS LONG AS THEY PROVIDE ALL THE REQUIRED BASIC AMENITIES FOR THE MASSES

    1. Are they willing to do the needful? I doubt becaause we are in the same dilema as were before. Things are much worse

  5. Pure lie,if the senators can earn over 30 million naira+ a month,then buhari will earn 50million naira per month.

  6. Who is paying them the salaries

  7. what I know is,when you employ monkeys,you have to pay peanuts.I think the government is not paying them.but the community does,haha

  8. It’s disheartening to hear our fellow Nigerians say they do not care what the politicians take home. Let me assure you that as long as Nigerian politicians continue to earn this huge salaries or embazzle our common wealth, there will be no sincerity, no free and fair election, no good governance and the best people that will solve our problem may not even get closer to the corridor of power. Only those who are prepared to employ the services of thugs or buy our security agents etc (who receive these huge salaries or embezzle our commonwealth etc) and are not ready to perform will continue to be in charge without performing.
    Now, tell me why the Nigerian politicians are fighting each other to become senators, governors etc (must you fight to serve the people? It is not a must if the people do not want your services, you go home), if not because of their selfish interest. You simply have nothing to loose, this may be the reason why you are not involve and you do not think that’s our problem. These politicians do not care whether there are public schools, health insurance scheme for everyone or good roads. All they know is that you make the money and your children leave the country to study and live somewhere.
    Can you tell me why people resign in developed countries when they are unable to perform, it is simply because, even if they resign, they have nothing to loose, they have assess to good health facilities and feeding and do not need to be prime ministers or whatever to survive (they do not insist to serve the people, which is different in Nigeria). Know that some of these politicians, let them not participate in politics and looting of our economy for 5 years, they may not survive, except they stop their lives of squandamania or key into a business, which may be difficult for them (this should inform you why they do not share money with you and others, if they are not in power, they will tell you they are not in power and are planning for the next political season).
    You shouldn’t be convinced, the review of their salaries is long overdue, Nigerians even need to request our politicians to promise them they will consider review of their income as a condition before voting them in power in 2019, but they forgot, and rather went about religious and tribal issues. They politicians know that Nigerians will always focus on tribal and religious sentiment and won’t make a special request before elections and they capitalise on that.

  9. Dimejesi Johnpaul Brown C.

    ok

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