N’Assembly Members to Get N8.64bn as Wardrobe Allowance Next Week

Screenshot_2015-06-13-23-09-57-1The newly sworn in members of the National Assembly
will smile home with a whooping N8.64 billion as
wardrobe allowance next week, it was learnt last night.
The sum is aside other allowances such as furniture,
housing and vehicle, which the lawmakers are entitled
to.
It was also learnt that the management of the
National Assembly is currently allocating offices to the
469 federal lawmakers in both chambers ahead of their
resumption on June 23 from the two-week recess that
they embarked on June 10.
The N8.64 billion wardrobe allowance translates to
N17.5 million for each of the 360 members of the
House of Representatives and N21.5 million for each
of the 109 senators.
While the wardrobe allowance, just like the furniture
and vehicle allowances, will cover the entire four-year
tenure of the 469 federal lawmakers, their housing
allowances are paid on a yearly basis.
Based on the approval of the Revenue Mobilisation
Allocation and Fiscal Commission (RMAFC), the
housing allowance for political office holders is usually
200 per cent of their annual salaries, the furniture
allowance is 300 per cent of annual salaries, while a
motor vehicle loan is pegged at 400 per cent of their
annual salaries.
Accordingly, each of the 107 senators besides the
Senate President and his deputy, will be paid
N4,052,800 as housing allowance.
This sum will be paid to them every year, translating to
N433,649,600 as housing allowance to be paid to the
Senate annually, while the Senate President and the
Deputy Senate President will be provided
accommodation by the federal government.
On the other hand, each member of the House of
Representatives will be paid N3,970,425 as housing
allowance upon assumption of office.
This implies that the 358 representatives aside the
Speaker and Deputy Speaker, will collect a total of
N1,421,412,150 as housing allowance. Like that of the
Senate, the speaker and deputy speaker will be given
accommodation by the federal government.
Following the monetisation of entitlements of public
officials undertaken by the Olusegun Obasanjo
administration, the lawmakers lost the right to occupy
houses built and maintained by the government.
Hence, the federal government sold the houses
previously occupied by the lawmakers to them.
Since the principal officers of the Sixth National
Assembly benefited from the sale of the houses, the
Federal Capital Territory Administration (FCTA) is
currently building new ones for the four presiding
officers of both chambers.
On the furniture allowance, each of the senators will
take away N6,079,200 from the budget of the National
Assembly, while the furniture for both the Senate
president and his deputy will be provided by the
government.
The total sum to be paid to the 107 senators as
furniture allowance will be N650,474,400.
In the House of Representatives, each member will be
paid N5,955,637.50 as furniture allowance.
This means that the 358 members will collect a total
of N2,132,118,225 for furniture.
On the vehicle loan, each of the senators is entitled to
N8,105,600, while each House member is entitled to
N7,940,850.50, meaning that the 107 senators will
collectively take N867,299,200 as vehicle loans while
the 358 House members will get N2,842,824,479 for their vehicles. …..lol, God help my country.
NEW SOURCE:THIS DAY NEWSPAPER

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