The role of the President in Nigeria is of utmost importance, with great responsibilities and expectations. Along with these obligations, the Nigerian government ensures that the President receives a salary and allowances commensurate with the position's significance. In this blog post, we will explore the salary and allowances for the Nigerian President.
The basic salary of the Nigerian President is set by the Revenue Mobilization, Allocation, and Fiscal Commission (RMAFC) based on the recommendations of the National Salaries and Wages Commission. As of 2023, the approved basic salary for the Nigerian President stands at ?18,000,000 per annum.
The Nigerian President is entitled to various allowances, including a regular allowance. This allowance covers expenses related to the President's official duties and is currently set at 250% of the basic salary, amounting to ?45,000,000 per annum.
The President is provided with a fully furnished official residence, commonly known as Aso Villa. Additionally, an accommodation allowance of 200% of the basic salary is allocated to cater to the President's housing needs, which amounts to ?36,000,000 per annum.
The President is entitled to a utilities allowance to cover expenses related to electricity, water, telephone, and other essential amenities. This allowance is set at 10% of the basic salary, totaling ?1,800,000 per annum.
In recognition of the President's social and official duties, an entertainment allowance is provided. This allowance is currently set at 15% of the basic salary, amounting to ?2,700,000 per annum.
The President is entitled to a domestic staff allowance to cover the costs associated with employing personal staff members such as cooks, drivers, and security personnel. This allowance is set at 75% of the basic salary, totaling ?13,500,000 per annum.
The Nigerian President is allocated a personal assistant allowance to cater to the expenses related to hiring personal assistants. This allowance currently stands at 25% of the basic salary, amounting to ?4,500,000 per annum.
The President is provided with comprehensive medical insurance cover, including expenses related to medical treatments, check-ups, and consultations. The medical allowance is set at 10% of the basic salary, totaling ?1,800,000 per annum.
The President is entitled to a travel allowance to cover the costs of official trips within Nigeria and abroad. The allocated amount depends on the destination and purpose of the trip and is determined on a case-by-case basis.
Being the President of Nigeria is an immense responsibility, and the government acknowledges this by providing a salary and various allowances to support the President's official duties and personal needs. The salary and allowances allocated to the Nigerian President in 2023 include a basic salary of ?18,000,000 per annum and a range of allowances covering accommodation, utilities, entertainment, domestic staff, personal assistants, medical expenses, and travel. It is important to note that these figures are subject to change based on the government's policies and decisions.