President Goodluck Jonathan,
Vice-president Namadi Sambo, non-returning federal lawmakers, ministers
and presidential aides will collect N3.24bn as severance allowances.
The severance allowances are contained
in the Remuneration Package put together by the Revenue Mobilisation,
Allocation and Fiscal Commission.
According to the package, Jonathan, who
will hand over to the President-elect, Muhammadu Buhari, on May 29, is
entitled to 300 per cent of his annual basic salary.
The President’s annual basic salary is
put at N3, 514,705 and therefore his severance allowance will be N10,
544,115 after May 29.
The severance allowance is without prejudice to his other constitutional entitlements as a former head of government.
Read more after the cut................................................
Similarly,
Vice-President Sambo, who leaves office the same day as Jonathan, is
also entitled to 300 per cent of his annual basic salary put at N3,
031,572.50. This means that his severance allowance after May 29 is N9,
094,717.50.
For having held the office of vice- president, Sambo also has some constitutional entitlements and perks.
About 76 senators are not returning to
the National Assembly either because they did not stand for election or
because they lost their bids to return. They are however entitled to
N462,019,200 at the expiration of their tenure on June 5.
Like Jonathan and Sambo, they are
entitled to 300 per cent of their annual basic salaries as severance
allowances. This amounts to N6, 079,200 per senator.
In the House of Representatives, about
290 members are not returning to the 8th National Assembly to be
proclaimed into existence by Buhari on June 5.
Each of the members is entitled to N5,
955,637.50 as severance allowance. This means that the 290 members
will be paid N1, 727,134,875.
The ministers, on the other hand, will
be collecting a total of N253, 967,212.5. There are 42 ministers in
Jonathan’s cabinet. Thirty one of them are senior ministers and 11 are
ministers of state.
Each of the senior ministers is entitled
to N6, 079,200 severance allowance while each of the ministers of
state will receive N5, 872,740.
This means that collectively, the senior
ministers will get N188, 455,200 at the expiration of their tenure on
May 29 while collectively, the ministers of state will be collecting
N65, 512,012.5 .
The aides to the President comprising
special advisers, senior special assistants and special assistants
will get N775, 207,125.
There are 23 of them who work with the
president as special advisers. Apart from this number, however, there
are several others estimated at 110 who work with the vice-president,
the First Lady(Patience Jonathan) and special advisers that are
designated either as senior special assistants or special assistants to
the President.
This means that there are about 133
aides to the president and each of them is entitled to 300 per cent of
their annual basic salary which amounts to N5, 828,625.
The Nigerian democracy has been
identified as one of the costliest in the world as a result of a large
number of political office holders.
-Punch-
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