Why Nigeria Is Poor.

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OUR ECONOMY CAN'T TAKE CARE  OF SENATORS ANY LONGER.. 

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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