Buhari and Osinbajo to Take 50% Salary Cut

Last week Friday, President Muhammadu Buhari announced that he will take only half of the salary paid to former president, Goodluck Jonathan. “President Muhammadu Buhari will only receive 50 percent of the salary paid to his predecessor,” the president’s spokesman, Garba Shehu said in an emailed statement. The annual salary of Nigeria’s president is currently set at 14,058,820 naira ($70,000, 63,500 euros), including allowances, according to the Revenue Mobilisation Allocation and Fiscal Commission. Shehu also said Vice-President, Yemi Osinbajo would receive only half of his salary of 12,126,290 naira per annum. This development is likely to mount pressure on members of parliament and state governors to follow suit. Last week, Buhari also approved a package of measures to bail out cash-strapped states to enable them to pay public sector workers. Hopefully, this will signal the end of extravagant spending among our politicians. What do you think? Share your thoughts in the comments section below.     Source: Sun Newspaper

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This article was first published on 13th July 2015

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