The monthly salary of Nigeria’s president and state governors has been revealed. The President of Nigeria is elected into office for a term of 4 years. He/She has the right to contest for another last and final term of four years.
The president of the Federal Republic of Nigeria is the head of state and head of government. The individual heads the federal government’s executive branch and is also the commander-in-chief of the Nigerian Armed Forces.
Governors like the President, head their respective states. They are also elected for a term of four years after which they are eligible to contest for a final term of another four years. The Governor is the head of the executive branch of government and oversees the affairs of the state.
How much does the Nigerian President earn per month as salary?
The president of Nigeria is paid a monthly salary of N1.2 million, according to information obtained from the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) Mohammed Shehu.
In a recent interview on Tuesday, May 9th, 2023, the RMAFC Chairman revealed the salary of the president of Nigeria and said: “The salary of Mr. President is N1.2m a month. I’m sure some MDAs heads earn N5m and some N2m a month. No public servant in Nigeria should earn more than Mr. President and the governor of a state.”
How much does the governor of a Nigerian state earn as salary?
Similarly, RMAFC Chairman also revealed the monthly salary of governors. He said governors are paid N1.1m as salary every month.
Some might argue that the amount is too small for a Nigerian president.
There is a report by SaharaReporters revealing that apart from salary, the President of Nigeria is entitled to no fewer than 18 Jumbo allowances which are Personal assistant allowance, constituency, vehicle fuelling/maintenance, domestic staff, entertainment, recess, newspaper/periodicals, utilities, houses maintenance, security, special assistant, furniture, wardrobe, duty tour, accommodation, estacode, and medical allowances.
The salary breakdown was given by the Revenue Mobilisation Allocation and Fiscal Commission.
Meanwhile, The report also stated that the Vice President will earn N1, 010,524.17 monthly, and N12,126,290 yearly as salary.