The Nigerian president, Muhammadu Buhari effected a salary cut almost immediately he became president; his reason being that there was need to cut government expenditure. Many Nigerians saw this as good development. Not only the salary of the president was cut by 50%; that of his vice too was cut by the same percentage.
After the cut, the president’s salary was reduced to N14 million naira. This means his basic salary will be N3, 514, 705 this amount was made public by the revenue Mobilization Allocation and Fiscal Commission.
Other entitlements that make it N14 million naira are the consistency allowance, which makes up 250% of his annual salary and amounts to N8, 786,762.50. Another one is the hardship allowance, which is 50% of the basic salary and amounts to N1, 757, 350.50.
There are however other things that the government provide for the president free of charges and they do not pay the president for these things. Some of those other things are periodicals, newspapers, security, utilities, entertainment, domestic staff, personal assistant, special assistant, vehicle maintenance and vehicle fueling.
Other things aside the other ones mentioned earlier are the medical needs, estacode per night, duty tour allowance per night, furniture allowance and accommodation. These allowances mentioned are given to the president on periodic basis and there are some other ones that are given on monthly basis.
There are yet some other allowances that the president receives once every four years. Those allowances that belong to this last class are the estacode allowance and duty tour allowance.