Nigerian Senators Salary Vs Average Nigerian Salary
FICTION: Influenza A virus subtype H5N1 Nigerian Senator earns N10,000,000 salary monthly.
FACT: The official salary of a Nigerian Senator is most $2,000USD (Approx. N720,000) per month. However, at that topographic point is an unjustified $37,500 (Approx. N13,500,000) additional monthly entitlement to each Senator (monthly total of: N14,220,000). This additional $37,500 is said to last used to ‘run’ the senator’s office. While I’m non certain what is existence ‘run’ amongst such lump-sum, I mean value it is expert for us to know what their official get got domicile is together with how they compare amongst an average Nigerian.
MY FINDINGS:
– Influenza A virus subtype H5N1 senator’s income (including expenses) is most ₦156,009,000 per year. It would get got a Senator 61 MINUTES to have what minimum wage income earner earns inwards i MONTH (before tax).
– With N18,000 minimum wage monthly salary, it would get got a Nigerian around 722 YEARS together with three MONTHS to earn a senator’s ANNUAL income (including expenses). So a minimum wage Nigerian would involve to get got worked continuously from the yr 1296 until instantly to have what a senator does inwards ONE year.
– Influenza A virus subtype H5N1 senator’s monthly income could purchase most 694 bags of Mama Pride Premium Rice (50kg) piece a minimum wage earner would involve to borrow additional N2,500 to last able to afford i bag!
NEXT UPDATE:
My side yesteryear side update would compare a Nigerian Senator’s salary to that of the President together with Vice President. I volition together with hence demo you lot argue behind this fact-finding; if you lot follow. To remain connected, brand a comment below on today’s facts together with produce SHARE if you lot please.
BASIS OF ANALYSIS:
1. Assumption: An average Nigerian is a minimum wage earner.
2. Exchange rates were based on $1USD = N360.
2. Salary Structure: Senator Shehu Sani, March 7, 2018.
3. Cost of i Bag of 50kg ama Pride Premium Rice (Jumia Online Store,June 13, 2018).
From Wilfred Okwudili.
