President of the Federal Republic of Nigeria, Predident Muhammadu Buhari and his Vice, Professor Yemi Osinbajo have slashed their salaries by 50 percent as part of plans to reduce the cost of governance.
The current annual remuneration of the President of Nigeria as published by the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, is N14,058,820. Thus, Buhari will earn N7,029,410 per annum.
The first two citizens have therefore written to the office of the Secretary to the Government of the Federation to intimate it of the new development.
Part of the letter reads : “I write to forward the completed IPPIS registration form of Mr. President and to draw your kind attention to Mr. President’s directive that only 50 per cent of his salary be paid to him,”
Abia State Governor, Dr. Okezie Ikpeazu, penultimate week slashed his remunerations by 50 percent in view of the dwindling economic fortunes of the country. Ebonyi State Governor, Dave Umahi, last Thursday ordered that the salaries of political office holders in the state should be suspended until civil servants have been paid. Mallam Nasir el-Rufai of Kaduna State also slashed his salary by half upon assumption of power.
This is positive CHANGE!!!
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