Friday, July 10, 2015

BREAKING: Buhari, Osinbajo take 50% pay cut

L-R: Prof. Yemi Osinbajo and President Muhammadu Buhari
President Muhammadu Buhari will only receive 50 per cent of the salary paid to his predecessor.

The President’s decision to take a 50 per cent pay cut was conveyed to the Office of the Secretary to the Government of the Federation yesterday by the Permanent Secretary of the State House, Mr. Nebolisa Emodi, a statement by Garba Shehu, Senior Special Assistant to the President on media and publicity read.

“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,” Mr. Emodi wrote in the letter with reference number PRES/81/SGF/17.

The current annual remuneration of the President of Nigeria as published by the Revenue Mobilisation Allocation and Fiscal Commission is N14,058,820.00.

Vice President Yemi Osinbajo has similarly given up half of his official remuneration.

PM News

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