According to Senator Shehu Sani, the salary of Senators is 750,000 naira per month plus allowances of 13.5 million naira per month, for a total package of 14.25 million naira per month.
It’s been known or estimated for a while now that being a Nigerian senator or house representative is a pretty lucrative gig. But now, for the first time, we know exactly just how much it pays.
After many years of keeping its budget secret, Nigeria’s National Assembly, made up of the Senate and House of Representatives, has finally published a breakdown of its annual budget. In the past, the national assembly’s total budget allocation had been included in the national budget but without a breakdown. The national assembly’s 2017 budget is pegged at $393 million–a $31 million increase from last year.
The published documents show Nigerian senators will earn $55,000 a year in salary, while house of representatives members will earn $42,000—but that’s not the real story. For lawmakers, the big bucks come in form of the generous allowances. Put together, each lawmaker will cost taxpayers $540,000 to maintain in 2017.