The breakdown of what Nigeria will be spending on the 43 ministerial designate for the next four years has been revealed.
According to reports, barring any unforeseen scenario such as a salary cut which can only be done by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) or a reduction in the total number of ministers which stands at 43 at the moment, the ministers designate who are currently undergoing training and orientation in Abuja will be costing Nigeria a whooping sum of N2.53 billion in salaries and allowances within the next four years.
With the breakdown, each minister will get at least N58.766 million in four years, the Vanguard reports.
However, the above sum will be much higher should estacode and allowances for foreign and local duty trips be added.
According to standard rules right now, ministers are entitled to estacode allowance of $900 per night and duty tour allowance of N35,000 per night. This is exclusive of a refundable vehicle loan of N8.106 million.
Further more, each of the ministers is entitled to a furniture allowance of N6.079 million and a severance package of N6.079 million which totals N12.158 million.
According to the conditions of service, a minister will earn N2,026,400 as annual basic salary while a Minister of State will get N1.8 million.
Other highlights of the emoluments package include: Estacode Allowance ($900 per night); Utilities Allowance (Telephone/Electricity/ Water) –30 per cent of Annual Basic Salary (N607,920); Domestic Staff Allowance, 75 per cent of Annual Basic Salary, N1,519,800;
Newspaper Allowance, 15 per cent of Annual Basic Salary, N303,960; Duty Tour Allowance, N35,000 per night; Furniture Allowance, 300 per cent of basic salary, N6,079,200; Severance Allowance, 300 per cent of annual basic salary, N6,079,200;
Others are Accommodation Allowance, 200 per cent of annual basic salary, N4,052,800; Motor Vehicle Fuelling Maintenance Allowance, 75 per cent of Annual Basic Salary, N1,519,800; Leave Allowance, 10 per cent of basic salary, N202,640.
Also, Personal Assistant Allowance, 25 per cent of Basic Salary, N506,600; Entertainment Allowance, N607,920; Monitoring Allowance, N303,960; and Motor Vehicle Loan, N8,105,600.
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