NIGERIA ECONOMIC PROBLEMS?

NIGERIAN ECONOMY CAN'T TAKE CARE OF SENATORS AND THE EXPENSIVE PRESIDENTIAL SYSTEM OF GOVERNMENT

 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.* 

 *If you Love Nigeria your* *Country Share with* *friends and groups* 

 *on facebook, twitter,* *Instagram and whatsapp* *till everybody* 

 *knows Nigeria's* *problems.*