Sunday, 14 October 2018

Current Salary Of Nigerian President 2018

current-salary-of-nigerian-president

Ever wondered what the Nigerian president and vice
president earn officially after every 4 weeks or month. In this post we are going to take a 
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look at the salary structure of the Nigerian president and his vice president.

Current Salary Of Nigerian President

Q: Nigerian President Salary Structure & Allowances?

According to the remuneration package that was unveiled by the Nigerian Senate,the Nigerian president's official salary is N1.4 million Naira.

This amount was conceived by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) which is a body empowered by the 1999 constitution to determine the remuneration of Nigerian political office holders,the salary paid to the president and his vice president are gotten from the Consolidated Revenue Fund (CRF).


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The president is expected to earn about N16.4 million Naira every year.

The President’s Allowances Include :-

  • Hardship Allowance > 50% of basic salary
  • Consistency Allowance > 250% of basic salary
  • Severance Gratuity > 300% of basic salary (N10,544,115)
  • Leave Allowance > 10% of basic salary (N351,470)
  • Motor Vehicle Loan > 400% of basic salary (N14,058,820)
  • Furniture & Accommodation Allowance
  • Duty Tour Allowances
  • Estacode
  • Medical Allowances
Read Also:

Salary Structure & Allowances Of Nigerian House of Representatives Members

Nigerian Senators Salary Structure & Allowances

Q: Nigerian Vice President Salary Structure & Allowances?

The Nigerian Vice president official salary is N1 million Naira,the Vice Presidents yearly/ annual salary is N12 million Naira.

The Vice President's Allowances:

  • Hardship Allowance > N1,515,786
  • Consistency Allowance > N7,578,931
  • Severance Gratuity > 300% of basic salary (N9,094,717)
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  • Leave Allowance > 10% of basic salary (N303,157)
  • Motor Vehicle Loan > 400% of basic salary (N14,058,820)
  • Furniture & Accommodation Allowance
  • Duty Tour Allowances
  • Estacode
  • Medical Allowances



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