Jonathan and National Assembly Members Are Sucking Nigeria dry, Says The Economist
A report says President Goodluck Jonathan has the highest number of cars
in a presidential fleet in the world and with about 10 aircraft, he
also has one of the most expensive fleet of planes in the world. But the
average Nigerian can never be allowed to enter any of those planes in
their lifetime and people are being told to make sacrifices for
Nigeria's progress. How sad!
Now another report has confirmed that Nigeria's lawmakers are the
highest paid in the world, yet workers in the country are among the very
least paid, coupled with expensive goods and services.
Had this report not emanated from The Economist of London Magazine, it would have been dismissed as a rumour, as the matter has always been dismissed whenever it is raised by Nigerians.
Had this report not emanated from The Economist of London Magazine, it would have been dismissed as a rumour, as the matter has always been dismissed whenever it is raised by Nigerians.
The report said that federal legislators with a basic salary of $189,500
per annum (N30.6m) were the highest paid lawmakers in the world.
Quoting data from the International Monetary Fund (IMF) and The Economist of London, the study looked at the lawmakers’ basic salary as a ratio of the Gross Domestic Product per person across countries of the world.
It further suggested that the lowest paid legislator in Nigeria earns N30.6 million ($189.5,000) per annum which was put at 116 times the Gross Domestic Product, GDP, per person. As a ratio to GDP per person, Kenya was second with 76 times, Ghana 30 times and Indonesia 18 times.
The actual take home of Nigerian lawmakers and top political office holders like President and Vice President has continued to remain in the dark, for reasons best known to those at the Revenue Mobilisation Allocation and Fiscal Commission, (RMAFC).
Quoting data from the International Monetary Fund (IMF) and The Economist of London, the study looked at the lawmakers’ basic salary as a ratio of the Gross Domestic Product per person across countries of the world.
It further suggested that the lowest paid legislator in Nigeria earns N30.6 million ($189.5,000) per annum which was put at 116 times the Gross Domestic Product, GDP, per person. As a ratio to GDP per person, Kenya was second with 76 times, Ghana 30 times and Indonesia 18 times.
The actual take home of Nigerian lawmakers and top political office holders like President and Vice President has continued to remain in the dark, for reasons best known to those at the Revenue Mobilisation Allocation and Fiscal Commission, (RMAFC).
