Official Salary Of The Senate President Of Nigeria: Average Pay Per Month

The Senate President of Nigeria occupies one of the most prestigious positions in the country’s legislative arm. As the leader of the Nigerian Senate, the Senate President is responsible for presiding over Senate sessions, ensuring the smooth passage of bills, and serving as a key representative of the Nigerian legislative process. Due to the significance of this role, the salary and allowances that come with this office are among the highest for public servants in Nigeria.

In this post, we will take an in-depth look at the official salary structure of the Senate President, breaking down the various components of the pay, as well as additional benefits and allowances. We will also compare the Senate President’s earnings with other top public officials in Nigeria.

Basic Salary of the Senate President

The basic salary for the Senate President is fixed by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), which is the statutory body responsible for determining the remuneration of public officials. According to RMAFC guidelines, the Senate President earns an official monthly salary of approximately ₦2.48 million. This basic salary includes the primary earnings of the Senate President, but there are several other components and allowances that add up to make the total compensation package significantly higher.

Allowances and Perks

In addition to the basic salary, the Senate President is entitled to various allowances that substantially increase the monthly earnings. Some of the key allowances include:

• Hardship Allowance: The Senate President receives a hardship allowance equivalent to 50% of the basic salary, which is about ₦1.24 million. This allowance is meant to compensate for the demanding nature of the job, as the Senate President deals with legislative responsibilities that often involve significant pressure and stress.
• Constituency Allowance: As a senator representing a specific constituency, the Senate President is entitled to a constituency allowance, which is set at 250% of the basic salary. This means that the Senate President receives approximately ₦6.2 million monthly for constituency-related duties, including liaising with constituents, organizing constituency meetings, and other activities.
• Furniture Allowance: The Senate President is granted a furniture allowance, which is paid once every four years. This allowance is typically 300% of the basic salary, amounting to about ₦7.44 million over the four-year period. While this is not a monthly payment, it is a significant addition to the total benefits package.
• Duty Tour Allowance: Whenever the Senate President travels within the country for official legislative duties, a duty tour allowance is provided. This is calculated based on the number of days spent on the trip, and the Senate President receives a substantial amount to cover accommodation, transportation, and other expenses.
• Estacode (Foreign Travel Allowance): When the Senate President travels outside Nigeria for official purposes, they are entitled to a foreign travel allowance called estacode. This is paid per night, and the Senate President typically receives $1,000 per night during foreign trips. This allowance covers international accommodation, meals, and miscellaneous expenses.

Other Perks and Benefits

Beyond the salary and allowances, the Senate President enjoys several other perks that are not directly paid as salary but significantly contribute to the overall value of the position. These include:

• Accommodation: The Senate President is provided with official accommodation in Abuja, which is fully furnished and maintained by the government.
• Security: As one of the top government officials in Nigeria, the Senate President is entitled to full security protection. This includes a team of personal security personnel, drivers, and official vehicles.
• Medical Coverage: The Senate President is entitled to full medical coverage, both within Nigeria and internationally. This ensures that the Senate President has access to top-quality healthcare whenever required.
• Official Vehicles: The Senate President is provided with official vehicles, including luxury cars, for both personal and official use. These vehicles are maintained at government expense, and the cost of fueling and maintaining them is covered as part of the perks of office.

Severance and Retirement Benefits

After serving in office, the Senate President is entitled to a severance gratuity, which is 300% of the annual basic salary. This gratuity is paid once, at the end of the term, as a reward for serving in office. Additionally, after leaving office, the Senate President enjoys certain post-retirement benefits, including security protection, medical coverage, and access to official vehicles.

Comparison with Other Public Officials

While the Senate President’s official salary of ₦2.48 million per month is significant, the various allowances and benefits make the total compensation package much larger. When all allowances are added up, the Senate President’s monthly earnings can exceed ₦10 million. This makes the Senate President one of the highest-paid public officials in Nigeria, surpassing even the Vice President, whose monthly pay stands at about ₦1.01 million.

However, the Senate President’s earnings are comparable to those of other top legislative officials. For example, the Speaker of the House of Representatives earns a similar basic salary and enjoys similar allowances, although the exact amounts may differ slightly.

Public Perception and Criticism

The high salaries and allowances enjoyed by the Senate President and other top government officials in Nigeria have been the subject of public debate and criticism. Many Nigerians believe that these earnings are too high, especially when compared to the average earnings of ordinary citizens. Nigeria’s minimum wage, for instance, is ₦30,000 per month, a stark contrast to the millions earned by top officials.

Critics argue that the large pay gap between public officials and the general population contributes to inequality and raises questions about the fairness of the country’s remuneration system. There have been calls for the government to review the salaries and allowances of top officials, including the Senate President, to bring them more in line with the country’s economic realities.

Conclusion

The Senate President of Nigeria is one of the highest-paid public officials in the country, with a basic monthly salary of about ₦2.48 million. When various allowances, perks, and benefits are added, the total monthly earnings can exceed ₦10 million, making the position highly lucrative. However, the high compensation of the Senate President and other top officials has been a subject of public debate, with many Nigerians calling for a review of the salary structure to reduce the gap between public officials and ordinary citizens.

Despite the criticism, the salary and benefits of the Senate President reflect the significant responsibilities and challenges that come with the office. As the head of the legislative arm, the Senate President plays a crucial role in shaping Nigeria’s laws and policies, and the compensation is designed to attract individuals capable of handling these responsibilities.