Buhari, Osinbajo, Others To Get N64.72bn Severance Packages – Report

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The final pay in office for the President, Major General Muhammadu Buhari (retd.), Vice President Yemi Osinbajo, and appointees about to leave office may cost the country about N64.72bn

The figure also covers the pay for ministers, commissioners, National Assembly members, and special advisers

It however, does not include special assistants and state assembly members.

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The allocations by the Revenue Mobilisation and Fiscal Allocation Commission for salaries and allowances for one month, as well as severance gratuity (300 per cent of basic salary), were analysed to arrive at the figures.

More specifically, aside from the basic for the last month in office, the figure

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More specifically, aside from the basic for the last month in office, the figure includes allowances, such as hardship allowance (50 per cent of basic salary), Consistency allowance (250 per cent of basic salary), motor vehicle fueling allowance (75 per cent of basic salary), entertainment allowance (45 per cent of basic salary), among others.

As stipulated by RMAFAC, Buhari is expected to get N1.71m, which includes basic salary and a few allowances and N10.54m as severance gratuity.

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Photo Credit: Getty

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