Showing posts with label exorberate salary of nigerian politicians. Show all posts
Showing posts with label exorberate salary of nigerian politicians. Show all posts

Thursday, 18 June 2015

The Corporate Thieves vs Minimum Wage

SENATOR'S PAY WORLDWIDE PER ANNUM
* Bangladesh – $4,000.00
* Sri Lanka – $5,100.00
* India – $11,200.00
* Malaysia – $25,300.00
* Thailand – $43,800.00
* Spain – $43,900.00
* Ghana – $46,500.00
* Saudi Arabia – $64,000.00
* Indonesia – $65,800.00
* Kenya – $74,500.00
* France – $85,900.00
* Sweden – $99 300.00
* South Africa – $104,000.00
* Britain – $105,400.00
* New Zealand – $112,500.00
* Israel – $114,800.00
* Germany – $119,500.00
* Ireland – $120,400.00
* Hong Kong – $130,700.00
* Japan – $149,700.00
* Canada – $154 000.00
* Singapore – $154,000.00
* Brazil – $157,600.00
* United States – $174,000.00
* Italy – $182,000.00
*Nigeria - . . .
$2,183,685.00

The details of the remuneration of an average Nigerian Senator are below:
* 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
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.