Nigerian Senators Salary Vs Average Nigerian Salary

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FICTION: Influenza A virus subtype H5N1 Nigerian Senator earns N10,000,000 salary monthly.


FACT: The official salary of a Nigerian Senator is nearly $2,000USD (Approx. N720,000) per month. However, at that spot is an unjustified $37,500 (Approx. N13,500,000) additional monthly entitlement to each Senator (monthly total of: N14,220,000). This additional $37,500 is said to live on used to ‘run’ the senator’s office. While I’m non certain what is existence ‘run’ amongst such lump-sum, I intend it is skillful for us to know what their official get got dwelling family is as well as how they compare amongst an average Nigerian.


 The official salary of a Nigerian Senator is nearly  Nigerian Senators Salary Vs Average Nigerian Salary


MY FINDINGS:


– Influenza A virus subtype H5N1 senator’s income (including expenses) is nearly ₦156,009,000 per year. It would get got a Senator 61 MINUTES to have what minimum wage income earner earns inward one MONTH (before tax).


– With N18,000 minimum wage monthly salary, it would get got a Nigerian some 722 YEARS as well as iii MONTHS to earn a senator’s ANNUAL income (including expenses). So a minimum wage Nigerian would require to get got worked continuously from the yr 1296 until straight off to have what a senator does inward ONE year.


– Influenza A virus subtype H5N1 senator’s monthly income could purchase nearly 694 bags of Mama Pride Premium Rice (50kg) acre a minimum wage earner would require to borrow additional N2,500 to live on able to afford one bag!


NEXT UPDATE:


My adjacent update would compare a Nigerian Senator’s salary to that of the President as well as Vice President. I volition hence demo yous argue behind this fact-finding; if yous follow. To remain connected, brand a comment below on today’s facts as well as produce SHARE if yous please.


BASIS OF ANALYSIS:


1. Assumption: An average Nigerian is a minimum wage earner.

2. Exchange rates were based on $1USD = N360.

2. Salary Structure: Senator Shehu Sani, March 7, 2018.

3. Cost of one Bag of 50kg ama Pride Premium Rice (Jumia Online Store,June 13, 2018).


From Wilfred Okwudili.


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