BREAKDOWN OF SALARY AND ALLOWANCES OF NIGERIA VICE PRESIDENT - FG

-

 Brief history of the current V.P



We all know the current vice president of Nigeria, Kashim Shettima. A two term Governor Of Borno State( 29 May 2011 – 29 May 2019) And Senator.

Born on 2nd September 1966, Just before the unforgettable Civil War Broke Out. Said to have attended University of Maiduguri and a Banker. By the mid-2000s, Shettima was the manager of Zenith Bank's Maiduguri branch before leaving the position to enter the state cabinet of Governor Ali Modu Sheriff in 2007.After winning primary for Senate election in 2022, he withdrew from the nomination to become Bola Tinubu's running mate, There he's journey of been the vice president started, He assumed office May 29 2023. 

Predecessor: Prof Oluyemi Oluleke Osinbajo




The Nigerian Vice President's salary and allowances total ₦12,126,290 annually, with monthly earnings of ₦1,010,524, combining a basic salary and various benefits. COULD THIS BE TRUE??

Key components include a hardship allowance (₦1,515,786.25 annually) and a consistency allowance (₦7,578,931.25 annually), ensuring adequate support for the Vice President's responsibilities

Other allowances, such as those for utilities, security, and domestic staff, enhance the financial framework supporting this high-ranking office

The Federal Government of Nigeria has provided a detailed disclosure of the salary and allowances of the Vice President, shedding light on the financial structure supporting this high-ranking office. The Vice President’s annual basic salary was recorded as ₦3,031,572.50, which corresponds to a monthly payment of ₦252,631.04, according to revenue mobilization allocation and fiscal commision,  a government agency.This foundational salary forms the core of the Vice President’s remuneration, which is further supplemented by a range of allowances designed to ensure the effective discharge of their duties.In addition to the basic salary, the Vice President is entitled to a hardship allowance, valued at 50% of the annual basic salary.This translates to an annual sum of ₦1,515,786.25 or a monthly payment of ₦126,315.52, reflecting the demanding nature of the responsibilities attached to the office. The most substantial component of the Vice President’s earnings is the consistency allowance, amounting to 250% of the annual basic salary.This represents an annual figure of ₦7,578,931.25, equating to a significant monthly payment of ₦631,577.60, highlighting its importance in providing consistent support for the Vice President’s role.Additionally, several allowances are provided to cater to various professional and personal needs, although their specific monetary values were not disclosed.These allowances include provisions for motor vehicle fueling and maintenance, ensuring the Vice President Lastly, an allowance for newspapers and periodicals ensures that the Vice President stays informed about key developments both locally and globally, enabling informed decision-making.This comprehensive package is structured to provide sufficient financial resources, enabling the Vice President to effectively perform their duties while maintaining the standard of the office.These figures were disclosed by Muhammed Shehu, Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), in an interview.

This Amount Seem Too Small For A Vice President Or Is There Something Not Clear đŸ¤”đŸ¤”

Share your thoughts  đŸ’­ on the comment section.

Comments

Post a Comment

Popular posts from this blog

Globetrotter: What Most Youths See NYSC As

-
Image
The National Youth Service Corps (NYSC) is a compulsory one-year program for graduates of universities and higher institutions in Nigeria. Established by General Gowon in 1973, immediately after the civil war that its scar still lives on many Nigerians, the program aims to unite the country by bringing together people from different ethnic, religious, and cultural backgrounds.   A Good Program with Room for Improvement In theory, the program is excellent, and its objectives are commendable. However, the reality is that many corps members, including myself, have had a different experience. The program has become a source of frustration and disappointment for many young Nigerians.   The Challenges We Face One of the significant challenges corps members face is the meager monthly allowance of ₦33,000, which barely lasts a week. Many of us struggle to make ends meet, and some even go into debt before the next allowance arrives, at some point the little savings I make end up saving...
Read more

Trapped In a Cycle Of Fear And Doubt: Can I Ever Find True Love?

-
Image
 "Bad relationships are indeed a hard pill to swallow, leaving me feeling alone in my head and wandering aimlessly. One minute I'm in love, and the next, I fear being left for someone else. Can I ever heal? Will this fear ever vanish? Can I overcome this trauma and insecurity? I question whether I truly know myself, feeling lost and uncertain. I don't wish this pain on anyone; the thoughts linger, and moments of emotional blackmail, gaslighting, and feelings of being run over haunt me. I've lost myself, my security, esteem, and self-respect in the name of love. Yet, I'm a free person, deserving of love and good company. I long for a partner who will love and accept me for who I am, without judgment or condition. I struggle to trust others, fearing judgment and exclusion. I crave a confidant, someone to run to when bothered, cry with, and share my all without fear of judgment. But is this possible? I wonder if I'll find such a man. My biggest fear is ending up w...
Read more

The Universe Aligns: A Love Letter

-
Image
All this while, I never doubted what we have. The peace and serenity I get from our relationship is overwhelming. My instincts have never failed me, and I trust them fully because I'm in great alignment with them. That's why I'm holding on, even when doubts creep into my head. I still hold strong, and I wonder why. Whatever this is, I pray it's for our goodwill. I never thought you cheated; you never gave me a reason to think so. Or am I just non-reactive to it? No, I hate sharing my personal belongings. But whatever you've done is working. Your sense of responsibility, acceptance, and willingness to put in the effort have made a significant difference. With you, I've forgotten – or maybe even regret – the four years of turbulence I endured. If I'm not careful, you'll be a dream come true, because moments with you are worth it. For now, I have no regrets, and I pray you won't give me any. I appreciate the alpha-male qualities you possess. With you, I...
Read more