Oboi!!! See What Nigerian Senators Earn Every Month as Salary. a

 I Was in utter disbelief when I read this report online, but after some scrutiny i found out it is true! Come with me and read how the average Nigerian senator is  paid:

* 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 ($2,183,685.00)

* this is based on the old exchange rate of 1 dollar = 162 and not the current 180 it is at.

In comparison to Legislators from other parts of the World

* Britain - $105,400.00
* United States - $174,000.00
* France - $85,900.00
* South Africa - $104,000.00
* Kenya - $74,500.00
* Saudi Arabia - $64,000.00
* Brazil - $157,600.00
* Ghana - $46,500.00
* Indonesia - $65,800.00
* Thailand - $43,800.00
* India - $11,200.00
* Italy - $182,000.00
* Bangladesh - $4,000.00
* Israel - $114,800.00
* Hong Kong - $130,700.00
* Japan - $149,700.00
* Singapore - $154,000.00
* Canada - $154 000.00
* New Zealand - $112,500.00
* Germany- $119,500.00
* Ireland - $120,400.00
* Pakistan - $3,500.00
* Malaysia - $25,300.00
* Sweden - $99 300.00
* Sri Lanka - $5,100.00
* Spain - $43,900.00
* Norway - $138,000.00

In terms of lawmakers’ salaries as a ratio of GDP per capita, the gap is even much wider. While the salary of a Nigerian lawmaker is 116 times the country’s GDP per person, that of a British member of parliament is just 2.7 times.

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 ($1,333.00)

Remember, Yearly Salary of Nigerian Senator = $2,183,685.00.
Proportion: $2,183,685.00/$1,333.00 = 1,638
It will take an average Nigerian worker 1,638 years to earn the yearly salary of a Nigerian Senator.

  Now you understand why some of our entertainers wanted to get into politics and some of our politicians want to die there..