Another fresh episode of Monday musing

Our Economy Can't Take Care Of Senators Any Longer...

OUR ECONOMY CAN’T TAKE CARE OF SENATORS ANY LONGER.. Senator’s Pay World Wide:

* Sri Lanka – $5,100.00
* India – $11,200.00
* Malaysia – $25,300.00
* Thailand – $43,800.00
* Spain – $43,900.00
* Ghana – $46,500.00
* Saudi Arabia – $64,000.00
* Indonesia – $65,800.00
* Kenya – $74,500.00
* France – $85,900.00
* Sweden – $99 300.00
* South Africa – $104,000.00
* Britain – $105,400.00
* New Zealand – $112,500.00
* Israel – $114,800.00
* Germany – $119,500.00
* Ireland – $120,400.00
* Hong Kong – $130,700.00
* Japan – $149,700.00
* Canada – $154 000.00
* Singapore – $154,000.00
* Brazil – $157,600.00
* United States – $174,000.00
* Italy – $182,000.00
* Nigeria – $2,183,685.00

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The details of the remuneration of an average Nigerian Senator is detailed below;

* Basic Salary (B.S) – N2,484,245.50
* Hardship Allowance (50% of B.S) – N1,242,122.70
* Constituency Allowance (200% of B.S) – N4,968,509.00
* Newspapers Allowance (50% of B.S) – N1,242,122.70
* Wardrobe Allowance (25% of B.S) – N621,061.37
* Recess Allowance (10% of B.S) – N248,424.55
* Accommodation (200% of B.S) – N4,968,509.00
* Utilities (30% of B.S) – N828,081.83
* Domestic Staff (70% of B.S) – N1,863,184.12
* 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) – N9,936,982.00
* TOTAL MONTHLY SALARY = N29,479,749.00 ($181,974.00)
* TOTAL YEARLY SALARY = N29,479,749.00 x 12 = N353,756,988.00

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The average salary of Nigerian worker based on the national minimum wage is N18,000.00. So, the yearly salary is N18,000.00 x 12 = N216,000.00 Remember, yearly Salary of Nigerian Senator = N353,756,988.00 Proportion: N353,756,988.00/N216,000.00 = 1,638

It will take an average Nigerian worker 1,638 years to earn the yearly salary of a Nigerian Senator.
Share with friends and groups on facebook, twitter, Instagram and whatsapp till everybody knows Nigeria’s problems. DO WE SCRAP SENATE?

Our Economy Can't Take Care Of Senators Any Longer...
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Wole Oduwole

Editor/Content Manager at TalkGlitz Media
Contact via wole@talkglitz.tv
Whatsapp/Call: +2348162200229
Our Economy Can't Take Care Of Senators Any Longer...
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