Buhari and Osinbanjo to take 50% salary cut

 As part of his plans to actualise his campaign promise to free funds for the delivery of democracy dividends, President Muhammadu Buhari and the Vice President Professor Yemi Osinbajo have reduced their salaries by 50%.

 The current annual salary of the President as published by the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, is N14,058,820.00 but with the reduction, he will earn N7,029,410 a year or N28,117,640 in four years. According to a statement by the Senior Special Assistant, SSA, to the President on Media and Publicity, Mallam Garba Shehu, the letter detailing the presidential decision was delivered by the Permanent  Secretary of the State House, Mr. Nebolisa Emodi.

  The letter reads

“I write to forward the completed IPPIS registration form of Mr. President and to draw your kind attention to Mr. President’s directive that only 50 per cent of his salary be paid to him”. The move is expected to be emulated by a host of Nigerian leaders in due course.

Abia State Governor, Dr. Okezie Ikpeazu,also slashed his salary by 50 % in view of the dwindling economic fortunes of the country. 

 Ebonyi State Governor, Dave Umahi, on the other hand, ordered that the salaries of political office holders in the state to be suspended until civil servants have been paid. He gave this order last Thursday.

 Last week, President Buhari directed the release of about N414 billion as bailout to states to pay the backlog of salaries they were owing civil servants. 

Source :Vanguard.