Four hundred and sixty five members of the 9th National Assembly, including Senators Orji Kalu, Danjuma Goje and Ibikunle Amosun, would have received N273.64bn by the time their tenure ends in June 2023, should the current law on remuneration of political office holders and the tradition that held sway in the 8th National Assembly remain, an analysis has shown.
This package excludes what the President of the Senate, Ahmed Lawan; his deputy, Ovie Omo-Agege; Speaker of the House of Representatives, Femi Gbajabiamila; and his deputy, Ahmed Wase, will get because their earnings as principal officers are calculated differently from what other members of the National Assembly get.
An analysis of the statistics of lawmakers’ earnings carried out by our correspondents showed that each member of the Senate would get as much as N728.25m in emolument for the four years they would spend in the red chambers.
This will take the earnings of 107 senators, excluding the President of the Senate and his deputy to N77.92bn in four years.
On the other hand, each member of the House of Representatives will get as much as N546.7m in four years. This means that 358 members (excluding the Speaker and Deputy Speaker) of the green chamber will get N195.72bn within the four-year tenure.
A breakdown of a senators’ package shows that each of the lawmakers will get N648m from overhead payment at the rate of N162m per annum or N13.5m a month.
From salaries and regular allowances, a senator is entitled to N51, 065,280 in four years at the rate of N12, 766,320 per annum or N1, 063,860 a month.
The regular allowances are paid lawmakers on a monthly basis along with their salaries. The regular allowances are calculated as percentage of the salaries and include motor vehicle maintenance and fuelling. This is pegged at 75 per cent of their monthly salary.
Others are personal assistant – 25 per cent; domestic staff – 75 per cent; entertainment – 30 per cent; utilities – 30 per cent; newspapers/periodicals – 15 per cent; wardrobe – 25 per cent; house maintenance – five per cent; constituency – 250 per cent.
The irregular allowances that senators are entitled to include accommodation, furniture, recess and severance. From accommodation which is paid once a year, a senator will get N16, 211,200 in four years at the rate of N4, 052,800 per annum.