LAGOS JULY 10TH (URHOBOTODAY) –President Muhammadu Buhari and his deputy, Professor Yemi Osinbajo, have cut their salaries by 50%, a Presidency statement said Friday.
The current annual remuneration of the President of Nigeria as published by the Revenue Mobilisation Allocation and Fiscal Commission is N14, 058,820.00. The president will now earn half of that.
Their decision to take a 50% pay cut was conveyed to the Office of the Secretary to the Government of the Federation yesterday by the Permanent Secretary of the State House, Mr. Nebolisa Emodi, the statement by Garba Shehu, the president’s Senior Special Assistant on Media & Publicity, said.
The statement was however silent on allowances which is where the real fat pay is for top public officials, where a single official could take home hundreds of millions annually padded into contentious allowances.
“I write to forward the completed IPPIS registration form of Mr. President and to draw your kind attention to Mr. President’s directive that only 50% of his salary be paid to him,” Mr. Emodi wrote in the letter with reference number PRES/81/SGF/17, the statement added.