Salaries and Allowances of Ministers in President Bola Ahmed Tinubu's Administration Revealed

In a recent development, the breakdown of salaries and allowances for the 48 ministers in President Bola Ahmed Tinubu's administration has come to light. According to the report published by Daily Trust, a sum of N8.63 billion has been allocated for the ministers' salaries and allowances over the next four years. This signifies that President Tinubu's administration will spend over N13 billion on ministerial remuneration during this period, including the cost of estacodes.

As revealed by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), the monthly salary for a minister is fixed at N650,135.99. Based on this analysis, each of the 48 ministers will receive a salary amounting to N31.2 million over a four-year term. Consequently, Tinubu's ministers can expect to be paid a total of N1.497 billion as their monthly salary for the next four years.

Furthermore, the annual supplementary allowances, totaling N37.28 million, will increase the budget to N1.785 billion each year for all 48 ministers. This results in a grand total of N7.142 billion for the entire four-year tenure of Tinubu's administration.

It is noteworthy to mention that the swearing-in ceremony for President Bola Tinubu's cabinet of 45 ministers took place on August 21, 2023, at the State House Conference Center in the Presidential Villa, Abuja. The inauguration process was carried out in seven separate batches, with each batch consisting of several ministers.

While the revelation about ministers' salaries and allowances may have taken center stage, it is important not to overlook the fact that the salaries and allowances of Nigerian Senators, representing the 109 senatorial districts across the country, have also come under scrutiny. The concern regarding the monetary compensation for senators has been a topic of massive debate and public reaction.

In conclusion, the disclosure of the salaries and allowances for President Bola Ahmed Tinubu's ministers has shed light on the significant amount allocated for their remuneration. With N8.63 billion earmarked for this purpose over the next four years, questions may arise regarding the allocation of these funds in relation to the overall budget and the delivery of public service. The public's attention has also been drawn to the financial compensation of senators, emphasizing the need for transparency and accountability in governance.

Source of content: OOO News 2023-08-23 News

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