Nigeria is dying and the leaders are making it worse

in politics •  7 years ago  (edited)

Our economy is getting worse as the day goes by and yet our leaders are leading nigeria to the grave
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OUR ECONOMY CAN'T TAKE CARE OF SENATORS ANY LONGER WITH THE WAY THINGS ARE GOING...

Senators Annual Pay World Wide:

Sri Lanka – $5,100.00
Malaysia – $25,300.00
Spain – $43,900.00
Ghana – $46,500.00
Saudi Arabia – $64,000.00
France – $85,900.00
South Africa – $104,000.00
Britain – $105,400.00
Germany – $119,500.00
Canada – $154 000.00
United States – $174,000.00
Nigeria - $2,183,685.00

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

  • 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

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 (three hundred fifty-three Million, seven hundred and fifty-six thousand, nine hundred and eighty eight Naira.

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.
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We're all in the wrong business.

Yes lol. I think maybe we must start to learn Nigerian.

Hmm so many figures, its hard wrapping my head around this...
But seriously, something needs to be done about public servants and their government income

You would think that with such a exorbitant and probably obscene salary that there would be no need for corruption in the minds of those receiving it. How much of Nigeria's economy comes from the Petrochemical sector?