Tinubu’s Monthly Pay Could Rise to Between ₦1.5m and ₦5m as RMAFC Proposes New Salary Structure
Tinubu’s Monthly Pay Could Rise to Between ₦1.5m and ₦5m as RMAFC Proposes New Salary Structure
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed that President Bola Ahmed Tinubu could earn between ₦1.5 million and ₦5 million monthly under a proposed new salary structure for political office holders.
The proposed remuneration package is currently awaiting consideration and approval by the National Assembly before it can become effective.
The development has sparked renewed attention on the salaries and allowances of Nigeria’s political office holders, particularly amid ongoing debates about the cost of governance and the need to align public officials’ remuneration with prevailing economic realities.
According to RMAFC, the proposed structure is intended to provide a revised framework for the remuneration of political office holders. However, the figures disclosed are not yet the final applicable salaries, as the proposal must still pass through the legislative process.
If approved, the new structure would determine the basic salaries and other applicable remuneration for senior political office holders, including the President and other officials covered by the review.
The proposal comes at a time when Nigerians are closely watching government spending and demanding greater accountability, transparency and efficiency in the management of public resources.
The National Assembly is expected to consider the proposal before any new salary structure can take effect.
Until such approval is secured, the existing remuneration structure for political office holders remains in force.
The proposed increase, if eventually approved, is likely to generate further public debate over whether the remuneration of political office holders should be increased amid the country’s economic challenges, rising living costs and calls for a reduction in the cost of governance.
