NIGERIAN ECONOMY CAN'T TAKE CARE OF SENATORS AND THE EXPENSIVE PRESIDENTIAL SYSTEM OF GOVERNMENT ANY LONGER..

NIGERIAN ECONOMY CAN'T TAKE CARE OF SENATORS AND THE EXPENSIVE PRESIDENTIAL SYSTEM OF GOVERNMENT ANY LONGER..

Senators Annual Pay World Wide:
* Sri Lanka – $5,100.00
* Malaysia – $25,300.00
* Spain – $43,900.00
* Ghana – $46,500.00
* Saudi Arabia – $64,000.00
* France – $85,900.00
* South Africa – $104,000.00
* Britain – $105,400.00
* Germany – $119,500.00
* Canada – $154 000.00
* United States – $174,000.00

Nigeria
- $2,183,685.00
The details of the remuneration of an average Nigerian Senator is detailed below;

Monthly

Basic Salary (B.S) – N2,484,245.50
Hardship Allowance (50% of B.S) –
N1,242,122.70
Constituency Allowance (200% of B.S) – N4,968,509.00
Newspapers Allowance (50% of B.S) –
N1,242,122.70
*Wardrobe Allowance" (25% of B.S) – N621,061.37
Recess Allowance (10% of B.S) – N248,424.55
Accommodation (200% of B.S) – N4,968,509.00
Utilities (30% of B.S) – N828,081.83
Domestic Staff (70% of B.S) – N1,863,184.12
Entertainment (30% of B.S) – N828,081.83
Personal Assistants (25% of B.S) – N621,061.12
Vehicle Maintenance Allowance (75% of B.S) – N1,863,184.12
Leave Allowance (10% of B.S) – N248,424.55
Severance Gratuity (300% of B.S) –
N7,452,736.50
Car Allowance (400% of B.S) – N9,936,982.00
TOTAL MONTHLY SALARY = N29,479,749.00 ($181,974.00)
* TOTAL YEARLY SALARY = N29,479,749.00 x 12 =
N353,756,988.00

The average salary of Nigerian worker based on the national minimum wage is N18,000.00.
So, the yearly salary is
N18,000.00 x 12 = N216,000.00

Remember, yearly Salary of Nigerian Senator = N353,756,988.00 (three hundred fifty-three Million, seven hundred and fifty-six thousand, nine hundred and eighty eight Naira.
Proportion: N353,756,988.00/N216,000.00 = 1,638

It will take an average Nigerian worker 1,638 years to earn the yearly salary of a Nigerian Senator.

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