Well on the brighter side I couldn't believe this breakdown , hod to contact some of my political aFFiliates to verify the wowing breakdown that you will see below , let's start from the basis
As a senator in Nigeria , your total salary is as follow
* Basic Salary (B.S) - N2,484,245.50
* Hardship Allowance (50% of B.S) - N1,242,122.70
* Constituency Allowance (200% of B.S) - N4,968,509.00
* Newspapers Allowance (50% of B.S) - N1,242,122.70
* Wardrobe Allowance (25% of B.S) - N621,061.37
* Recess Allowance (10% of B.S) - N248,424.55
* Accommodation (200% of B.S) - N4,968,509.00
* Utilities (30% of B.S) - N828,081.83
* Domestic Staff(70% of B.S) - N1,863,184.12
* Entertainment (30% of B.S) - N828,081.83
* Personal Assistants (25% of B.S) - N621,061.12
* Vehicle Maintenance Allowance (75% of B.S) - N1,863,184.12
* Leave Allowance (10% of B.S) - N248,424.55
* Severance Gratuity (300% of B.S) - N7,452,736.50
* Car Allowance (400% of B.S) - N9,936,982.00
* TOTAL MONTHLY SALARY = N29,479,749.00 ($181,974.00)
* TOTAL YEARLY SALARY = N29,479,749.00 x 12 = N353,756,988.00 ($2,183,685.00)
* this is based on the old exchange rate of 1 dollar = 162 and not the current 180 it is at.
In comparison to Legislators from other parts of the World
* Britain - $105,400.00
* United States - $174,000.00
* France - $85,900.00
* South Africa - $104,000.00
* Kenya - $74,500.00
* Saudi Arabia - $64,000.00
* Brazil - $157,600.00
* Ghana - $46,500.00
* Indonesia - $65,800.00
* Thailand - $43,800.00
* India - $11,200.00
* Italy - $182,000.00
* Bangladesh - $4,000.00
* Israel - $114,800.00
* Hong Kong - $130,700.00
* Japan - $149,700.00
* Singapore - $154,000.00
* Canada - $154 000.00
* New Zealand - $112,500.00
* Germany- $119,500.00
* Ireland - $120,400.00
* Pakistan - $3,500.00
* Malaysia - $25,300.00
* Sweden - $99 300.00
* Sri Lanka - $5,100.00
* Spain - $43,900.00
* Norway - $138,000.00
In terms of lawmakers' salaries as a ratio of GDP per capita, the gap is even much wider. While the salary of a Nigerian lawmaker is 116 times the country's GDP per person, that of a British member of parliament is just 2.7 times.
The average salary of Nigerian worker based on the national minimum wage is N18,000.00, So, the yearly salary is N18,000.00 x 12 = N216,000.00 ($1,333.00)
Remember, Yearly Salary of Nigerian Senator = $2,183,685.00.
Proportion: $2,183,685.00/$1,333.00 = 1,638
It will take an average Nigerian worker 1,638 years to earn the yearly salary of a Nigerian Senator.
Now you understand why some of our entertainers wanted to get into politics and some of our politicians want to die there ,
So blood , politics is money you can now estimate how much your uncle might be worth , well more light on the ish , the total estimated amount may not get to the senator because his God fathers ,political party and some other pillars are entitled to some percentage of the salary depending on how the senator got into office , that's personal dou
Wheeeew
