Utilities (30% of B.S) - N828 081.83, Domestic Staff (70% of B.S) - N1 863184.12, 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) - N 9 936 982.00. .
TOTAL MONTHLY SALARY = N29 479 749 ($181 974). TOTAL YEARLY SALARY = N29 479 749x 12 = N353 756 988 ($2 183 685). EXCHANGE RATE: $1 = N162. LEGISLATORS PAY WORLDWIDE PER ANNUM Britain - $105 400, United States - $174 000, France - $85 900, South Africa - $104 000, Kenya - $74 500, Saudi Arabia - $64 000, Brazil - $157 600
Ghana - $46 500, Indonesia - $65 800, Thailand - $43 800, India - $11 200, Italy - $182 000, Bangladesh - $4,000, Israel - $114 800, Hong Kong - $130 700, Japan - $149 700, Singapore - $154 000, Canada - $154 000, New Zealand - $112 500, Germany - $119 500. Ireland - $120 400. Pakistan - $3 500.00, Malaysia - $25 300, Sweden - $99 300 .
Sri Lanka - $5 100, Spain - $43 900, Norway - $138 000. 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, so the yearly salary is N18 000 x 12 = N216 000 ($1 333.00) .
Remember, Yearly Salary of Nigerian Senator = $2 183 685. 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."
NOTE: B.S is Basic Salary
Source: The Economist
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