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2 months ago
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- The Nigerian President earns ₦14,058,820 annually, with a monthly wage of ₦1,171,568, portion governors person ₦7,782,968 annually oregon ₦648,581 per month
- RMAFC Chairman Muhammed Shehu clarified that governmental officeholders’ salaries stay unchanged since 2007, dismissing claims of "jumbo pay"
- Despite fund allocations for salaries and wages reaching trillions annually, controversies astir governance costs and fiscal priorities persist
The President of Nigeria earns an yearly wage of ₦14,058,820, translating to a monthly income of ₦1,171,568, portion authorities governors person ₦7,782,968 annually, oregon ₦648,581 monthly, according to information disposable connected RMAFC, a authorities agency.
These figures were disclosed by Muhammed Shehu, Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), successful an interview.
Source: Twitter
Shehu emphasised that governmental officeholders successful Nigeria bash not gain exorbitant salaries, contrary to fashionable belief, and noted that determination has been nary wage increment for these positions since 2007.
RMAFC Chairman addresses wage misconceptions
Shehu clarified that immoderate civilian servants, including employees of the Central Bank of Nigeria (CBN), gain much than ministers and legislators.
“The monthly wage of the President is little than ₦1.5 million; that of a curate is not adjacent up to ₦1 million,” helium stated, adding that the remuneration of governmental officeholders is often misunderstood.
Despite these revelations, controversies surrounding the outgo of governance persist, with galore Nigerians advocating for reductions successful authorities spending.
Budget allocations and wage reappraisal proposals
In the 2023 fiscal budget, ₦2.9 trillion was allocated for salaries and wages, marking the second-highest expenditure.
This fig represents an summation from ₦2.51 trillion successful the 2022 budget, which had the highest allocation. Calls for wage reviews person been met with resistance, arsenic a projected 114% summation for the President’s wage successful June 2023 was not approved.
Reports by The ICIR highlighted however salaries of ministers, senators, and peculiar advisers could beryllium reinvested to code captious nationalist needs.
Additionally, the assignment of 46 ministers by President Bola Tinubu has raised concerns implicit the fiscal implications, with their basal salaries costing ₦29.91 cardinal monthly, according to ICIR.
Source: Facebook
Minimum wage successful Nigeria
As of 2025, the minimum wage successful Nigeria stands astatine ₦70,000 per month, pursuing a revision implemented nether President Bola Tinubu's administration.
This wage applies to some nationalist and backstage assemblage workers crossed the country. Discussions surrounding an summation successful the minimum wage proceed arsenic galore workers advocator for adjustments to lucifer the rising outgo of surviving and inflation.
FG releases N50bn to settee ASUU
Legit.ng earlier reported that the Federal Government of Nigeria, nether the enactment of President Bola Tinubu, has released N50 billion to settee earned allowances for world and non-academic unit unions of national universities.
The announcement was made connected April 23 by the Minister of Education, Dr Maruf Alausa, successful a connection issued by Folasade Boriowo, Director of Press astatine the Federal Ministry of Education.
According to PUNCH, Boriowo described the determination arsenic a testament to Tinubu’s committedness to transforming Nigeria’s education sector, transitioning the federation from a resource-based to a knowledge-based system done strategical investments successful education, infrastructure, and quality capital.
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Source: Legit.ng
