President Muhammadu Buhari will only receive 50% of the salary paid to his predecessor, Goodluck Jonathan, the presidency announced Friday.
The president’s decision to take a pay cut was conveyed to the Office of the Secretary to the Government of the Federation on Thursday by the Permanent Secretary of the State House, Nebolisa Emodi.
“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% of his salary be paid to him,” the permanent secretary, Mr. Emodi, was quoted as saying in the letter with reference number PRES/81/SGF/17.
Vice President Yemi Osinbajo has similarly given up half of his official remuneration, Aso Rock confirmed in a statement signed by a presidential spokesperson, Garba Shehu.
The current annual remuneration of the President of Nigeria as published by the Revenue Mobilisation Allocation and Fiscal Commission is N14, 058,820.00
The question on everyone’s lips now is, “what happens to the other half of the money?”
I have thought about it myself and I still have no answer. Would the money be paid back into the government’s account, or would someone somewhere receive it as a charity done by the Presidency?
The law provides that the President be paid a particular sum. Morally, the holder of office can ask for less, but that does not stop the money whole sum from being allocated and made available to him/her.
This situation is dire and confusing to say the least. In my own opinion, once the Presidency has decided to receive less than has been allocated to him, the rest should be paid back and channeled into another forum, education perhaps.
Mr President will leave for the US this weekend, we hope that by the time he returns, answers will be made available to my burning questions.