Unbelievable! See How People In Government Are Crippling Nigeria

If only Nigerians have the guts to Occupy the country over more serious issues, this country would have been a better place by now. Some people, who said they are serving the masses, are earning tens and hundreds of millions monthly while ordinary Nigerians wallow in “practical” poverty.

Nigeria where millions go to bed hungry, see what people in government are collecting:

 

In the United States, while the minimum wage is $1,257 (N191, 667), a US lawmaker earns $15,080 (N2.3m) per month. In the United Kingdom, a lawmaker earns $8,686 (N1.3m) monthly while the gross national minimum wage is $1,883 (N283, 333) per month. Also, lawmaker in Sweden earns $7,707 (N1.2m), per month.

The President of the United States of America takes home an annual salary of $400,000 (N64.156,0m), including a $50,000 expense allowance making the president the highest paid public servant in the US. The $400,000 includes everything and $350,000 out of it is taxable.

SEE WHAT NIGERIAN SENATORS EARN
Basic Salary (BS) = N2,484,245.50
Hardship Allowance: 50% of Basic Salary = N1,242,122.75
Constituency allowance: 200% of BS = N4,968,509.00
Furniture Allowance: 300% of BS = N7,452,736.50
Newspaper allowance: 50% = N1,242,122.70
Wardrobe allowance: 25% = N621,061.37
Recess Allowance: 10% = N248,424.55
Accommodation: 200% = N4,968,509.00
Utilities: 30% = N828,081.83
Domestic Staff: 35% = N863,184.12
Entertainment: 30% = N828,081.83
Personal Assistance: 25% = N621,061.37
Vehicle Maintenance Allowance: 75% = N1,863,184.12
Leave Allowance : 10% = N248,424.55
One off payments (Severance gratuity): 300% = N7,452,736.50
Motor Vehicle Allowance: 400% of BS = N9,936,982.00
Total per month = N29, 479, 749.00
A Senator’s annual salary = N182 million plus

Multiply by 109 Senators (Don’t forget the House of Rep, Ministers, Ambassadors, …)

 

NOTE: In addition to the regular and legitimate salaries and allowances of over N17million ($113,333) and N14.99million ($99,933) which senators and reps were collecting yearly and the irregular allowance of estacodes, duty tours etc, they were also collecting over N192m ($1.28m) and N140m ($0.93m) respectively in illicit quarterly allocation which is not provided for by RMAFC.

Effectively, a Nigerian senator was taking home at least $1.40m ($1.28m quarterly allocations + $0.113m regular salaries and allowances) as against the $0.174m an American senator takes home. Hence a Nigeria senator earns at least 8 times as much as an American senator and more than 3 times the American president.

Whereas a Senator in the U.S earns N21,146,000, the same as a member of the House of Representatives; a UK Member of Parliament earns £64,766 (N14, 896,180)

In other words, a Federal Legislator in Nigeria is paid more than double what a Member of British Parliament earns per annum.

Senate President David Mark alone takes N250 million quarterly or N83.33 million per month. Senate Deputy President Ike Ekweremadu gets N150 million per quarter or N50 million a month.

Mark and Ekweremadu earns in 4 months, six times what the UK Prime Minister earns in a year. David Cameron goes home with £190,000 per anum (N43,700,000)

In a newspaper news article entitled ‘An Assembly for looting’ written by Musikilu Mojeed with Elor Nkereuwem, the authors rightly claimed that each of the 360 members of the House of Representatives were getting N35million in cash money in quarterly allocation while each of the 109 Senators pockets N48million each. These allocations have however been slashed by 20% to N27 million ($180,000) and N38million ($253,333) respectively due to the 20% reduction requested by the late president.

SEE WHAT PRESIDENTS OF RESPONSIBLE COUNTRIES EARN:
The prime minister of the United Kingdom….........…USD 226,627.00
French President………………………………….. USD 318,072.00
South African President……………………...……..USD 296,112.00
German Chancellor……………………………..….USD 296,112.00
The Prime Minister of Belgium……………......…....USD 174,804.00
President of the Republic of Korea………..........…..USD 136,669.00
President of Russia…………………………………USD 122,652.00
Prime Minister Portugal……………………….……USD 129,730.00
Prime Minister Namibia……………………………USD 115,155.00
President of Angola………………………………..USD 60,000.00
President Argentina………………………………..USD 55,139.00
Prime Minister Ukraine…………………………….USD 61,254.00
President Zimbabwe……………………………….USD 18,000.00
President of People’s republic of China…….......…..USD 10,633.00
President Liberia…………………………...………USD 90,000.00
Prime Minister Spain ………………………..……..USD 102,960.00
Prime Minister Namibia………………………...…..USD 115,155.00
President Namibia……………………….…………USD 164,506.00
President of Colombia ………………....…………..USD 120,685.00
Prime Minister of the Netherlands………........……..USD 190,740.00
Prime Minister Ireland……………………...………USD 264,000.00
Prime Minister Denmark………………....…………USD 264,533.00
President Mexico…………………………….…….USD 328,839.00
 President Austria…………………………….…….USD 422,231.00
President of the European Council………........…….USD 508,916.00

 

ANYONE SURPRISED WHY NIGERIA IS POOR BUT HER LEADERS ARE RICH?

Source

EXPOSED: N1.76trn Paid in Subsidy in 2011 Alone, CBN Tells House of Reps Committee

Members of the ad hoc committee of the House of Representatives probing the federal government’s so-called subsidy on petrol had to brace themselves today as a Deputy Governor of the Central Bank, Mr. Kingsley Moghalu, told them N1.76trn was the total amount paid on it in 2011 alone.  

Mr. Moghalu’s testimony is in line with previous accounts which described an inexplicable and whopping increase in the spending on the item under Mr. Jonathan.
Mr. Moghalu, who was representing CBN Governor Sanusi Lamido Sanusi, explained, however, that the role of the bank in fuel subsidy management is limited to ensuring ensure monetary and price stability.  It is not involved in paying the subsidy, he said.  
He also told the committee that the level of the subsidy went up eight-fold in 2009, totaling over 110 percent.  By October 2011, it hit over 500 percent.

Asked why there was a sudden increase in subsidy payment, Mr Moghalu suggested “likely manipulations,” as previously observed by other senior officials of the government who have testified before the committee, but that the Central Bank lacked concrete evidence “because we are not EFCC.” 
Also queried on who authorizes payment of the subsidy, he said that was the purview of the fiscal authorities.

DISTURBING: Jonathan Expends N114 Billion In Eight Months?

The Stabilisation Fund Account which is meant to save funds for the future generation has been depleted by the Federal Government with periodic withdrawals made of over N114 billion in eight months, documents available to Daily Trust show.

President Goodluck Jonathan’s administration made withdrawals in different instalments between September 2010 and May 2011 for various expenditure, including loans to the police and funding of committee activities, according to the documents.

The revenue sharing laws provide that 0.5 percent of funds accruing to the Federation Account should be remitted to the stabilisation account. The account had balances of about N120 billion in August 2010 but was depleted to N37 billion by October 14.

Funds were withdrawn for activities of the Federation Account Allocation Committee (FAAC), the National Council on Finance and Economic Development (NACOFED) and the Consolidated Revenue Fund Charges (CFR), consumer car finance scheme, police peace keeping mission in Haiti, INEC, among others.

Documents reveal that the Federal Government withdrew over N75 billion in September 2010 alone. On September 1 and 15, the government withdrew N40.5 billion and N35.5 billion which was purportedly “released to CFR as loan to fund the Independent National Electoral Commission (INEC) for 2010 General Election.”

Another N11.3 billion was withdrawn on October 13 and “released” to INEC as loan for the same election.

The stabilisation account rose to about N36 billion between January to May 2011 only to be depleted again to N11 billion. Also, about N400 million was withdrawn as funding for the activities of FAAC and NACOFED between January and May 2011.

Also, N150 million was withdrawn through five memos on the same day.

Another withdrawal was made on January 26, 2011 of N255 million as “funding for NACOFED & FAAC Activities for 2011.”

A number of other withdrawals for FAAC and NACOFED were backdated as payments for 2004 and 2005 activities. The breakdown shows: N31 million was “released to FAAC Secretariat for year 2004;” N25 million for “NACOFED conference expenses for year 2004;” N27 million was “release to FAAC secretariat for year 2005;” N26 million was NACOFED  conference for year 2005” and N35 million was released to FAAC Secretariat for year 2006.”

FAAC comprises largely state commissioners of finance and headed by the minister of state for finance. Officials told Daily Trust that since these commissioners come to FAAC meetings on official assignment from their states, it was unlikely that the Federal Government would truly spend these millions on “FAAC activities.”

On May 11, 2011, N242 million was withdrawn and “granted as loan to Inspector General of Police (IGP) for purchase of vehicles for UN peace keeping in Haiti- 1st instalment.” Another N33 million and N32 million were released on the same day to the IGP, according to the documents, as second and third instalments for the vehicles purchase.

Similarly, N4.5 million was withdrawn and released “as loan granted to pay the second Tranche of FGN 50 % contribution to the funding of 2006 Tranches of the Pioneer Consumer Car Finance Scheme.” Another N10 billion was withdrawn and released as “loan granted to pay 2nd Tranche of FGN 50% contribution to the Phase II of the Pioneer Car Finance Scheme for public servants and in the paramilitary agencies.”

Other withdrawals were N4.5 billion loan granted to fund 2006 virement; N827 million equivalent of loan granted Sao Tome ($5m); N1.6 billion loan granted to fund 2006 virement; N2.8 billion loan granted to pay 2nd Tranche of FGN 50 percent contribution to the Phase I of the pioneer car finance scheme; distribution of 50 percent of balance in the Excess Crude Proceeds Account in 2004 and another N985 million advance to FGN to meet shortfall in revenue since beginning of year 2011. All these withdrawals were made on May 11, 2011.

‘This is profligacy’

Yinka Odumakin, a spokesman for former head of state Muhammadu Buhari, described these withdrawals from the stabilisation account as the signature tune of the ruling party characterised by profligacy and waste of public resources.

“It is a pity that Nigerians have signed a prodigal nation. The country is broke because the PDP regime has emptied all the treasuries.

“The same government has depleted our foreign reserve, excess crude account and now stabilisation account. The country is broke, that is why we are being forced to buy new drivers licence, new plate numbers and worst of all pay N145 for petrol litre,” he said.

Spokesman for the opposition Congress for Progressive Change Rotimi Fashakin said, “There is nothing surprising in Jonathan government dipping its hands into the stabilisation account having specialised in financial recklessness and waste of public funds.”

He said “due to the insatiable quest for public funds, the ruling party has also depleted our foreign reserves, excess crude account, among others. The regime conducted the most expensive elections in the history of the country in 2011. We are not surprised at the level of its financial recklessness.”

In his reaction, the Publicity Secretary of the Conference of Nigerian Political Parties (CNPP), Mr Osita Okechukwu, said that the development is the usual “food- is- ready” politics of the ruling PDP.

“It is not surprising at all; it is the usual food-is-ready style of the PDP. It is very tragic as well,” he said. The government “has carved a niche for itself in squandering the country’s resources. That is why the same government in the last 12 years couldn’t complete a single federal road; build or even maintain our refineries or resuscitate our railway system.”

He said that the depletion of the stabilization account is tantamount to toying with the future of “our children and grandchildren.”

Source: Daily Trust

NEWS: Mass Protest Against Fuel Subsidy Removal at Eagle Square Abuja

News reaching us says there is heavy military and police presence at the Eagle Square in the Central Business District of Abuja, the venue of the Fuel Subsidy Removal Protest Register Signing being organised by a former member of the House of Representatives, Hon. Dino Melaye. The security personnel have been...

turning all those sympathetic to the protest back since around 1:30pm. Former FCT minister, Nasir El-Rufai, made a surprised appearance at the venue to show solidarity with other well-meaning Nigerians.

As at the time of posting, Policemen at the Eagle Square Abuja are reported to have seized the Official Register opened for the fuel subsidy removal protest and being signed by protesters. Protesters are still been prevented from gaining access into the venue... The turnout is improving.

Source: Olufamous Blog