President Buhari receives RMAFC report on cost of governance, from Chairman, Elias Mbam
President Muhammadu Buhari has rebuked the Revenue Mobilisation, Allocation and Fiscal Commission for approving excessive remunerations for some political office holders.
And he has urged the commission to seek a proper interpretation of its powers and address the public outcry against the unreasonably high payments.
Buhari made the remark today when the RMAFC chairman and members briefed him in Abuja on the cost of governance in the country.
Excessive payment to political office holders has remained a hot topic in Nigeria, since Buhari assumed power in May and followed up with a voluntary massive reduction in his salary. Expectations that the National Assembly which votes N150 billion yearly for its recurrent expenditure, would take a cue, were dashed as senators vehemently resisted the 30 per cent reduction in their pay package as recommended by an ad-hoc panel set up to address the issue.
Despite the grave poverty in the country, Nigeria’s assemblymen earned the highest salaries in the world. Ordinarily a senator gets a monthly salary of N1.4 million while his colleague in the House gets N1.1 million a month.But the allowances they received are humongous, far above the markings set by the RMAFC.
For instance, each senator earns N6, 079,200 for furniture. House members get receive N5, 955,637 each for their furniture.
At the meeting, the President also gave the RMAFC the assignment to design a humane way to deal with the oil subsidy issue.
Buhari had blamed past administrations for the current situation in which Nigeria is forced to spend billions of naira annually on alleged subsidies for petroleum products.
According to him, the escalation of petroleum subsidy payments in recent years was due to the deliberate neglect of the nation’s refineries, oil pipelines and other related infrastructure to allow the …Read More
Source:: PM Newspaper