Everything you need to know about ministers salary in Nigeria from how much they receive as basic salary and their total take home every month.
It is on record that our ministers are some of the highest paid ministers in the world. This is a fact.
If you truly desire to know Nigerian ministers salary, this is the right page for you. Ensure you read this post to the end.
Ministers Salary in Nigeria 2020
As stipulated by the Revenue Mobilization, Allocation and Fiscal Commission (RMOAF), the annual salary of a Nigerian minister is N487 million in total.
This includes all the allowances and bonuses he is entitled to per year. Little wonder most persons would do everything within their power to be appointed into that position.
Yes, that’s a lot and that is even more than what members of Nigeria house of reps receives annually. Yes, i was amazed too when i find out about it.
As you read on, you will find a full breakdown of all the allowances and bonuses they receive annually.
Complete Breakdown of Salary & Allowances of Nigerian Minister
Earlier on, we stated that the annual salary of a Nigerian minister when summed up with all his allowances and bonuses is around N487 million.
Below is a full breakdown of the whole money.
1.) Basic Salary – N2,026,400
The basic salary of a minister in the Federal Republic of Nigeria is pegged at N2,026,400 per annum.
This is the exact amount a Nigerian minister receives every year as his main salary. If you divide that by 12, it means that for every month, the Nigerian minister receives about N168,867 as his salary.
So if you are hoping to occupy this position someday, this is what you will be getting as your payment.
2.) Car Refueling And Service Allowance – N1,519,000
No doubt a minister needs his car fuelled and well serviced at all times. You don’t want to have him stranded when on an official assignment as a result of his car.
With this, excuses of car disturbance and fuel challenge is completely eliminated.
3.) Domestic Staff Allowance – N1,519,000
This is meant to help the minister take care of any domestic staff working for him and his family. This includes chefs, gatekeeper etc.
4.) Entertainment Allowance – N911,800
After a busy day in the office, a minister needs to fully relax for the next day’s work. The entertainment allowance is meant to help him achieve this.
With the entertainment allowance, he can get himself good music or movies, celebrate his birthdays, host and attend other parties etc.
5.) Estacode Allowance – N347,374
The estacode allowance is one of those allowance I can’t really tell what it is actually for. If you have any knowledge of it, please feel free to let me know about it in the comment section below.
6.) Furniture Allowance – N6,079,200
This yearly allowance is for the minister to use in changing and maintaining the furniture in his office.
That includes his home office and others. Though N6 million is quite a huge money for this, it’s actually small compared to that of the senators and President.
7.) Housing Allowance – N4,052,800
The housing allowance allows the minister to provide a good place of living for himself and family.
With this money, he can rent or buy a property in any location he chooses and live comfortably.
You don’t want to have your ministers fighting with his landlord publicly over rent, bring big embarrassment to the nation.
8.) Leave Allowance – N202,640
The leave allowance like the name suggests is money meant for the minister to use and take care of himself when he is on leave.
Regardless of how long the leave lasts, this is what he is entitled to receive.
9.) Monitoring Allowance – N405,280
What comes to your mind when you hear of monitoring allowance? What the money is meant for, right?
Well, the monitoring allowance is part of the money meant for the overall running of the office.
10.) Motor Vehicle Loan – N8,105,600
With this money, the minister can acquire any car of his choice that the money can afford.
He can choose not to accept or use the loan each year.
11.) Newspaper Allowance – N303,960
The essence of this money is to help the minister stay updated on the happenings around him.
With the money, he can continually buy and read Newspapers from different sources. For instance PUNCH, Daily SUN, The Nation etc.
12.) Personal Assistant Allowance – N506,600
Imagine a minister without a personal assistant, he will have to do nearly everything himself.
That’s very time consuming and stressful.
The essence of the PA allowance is to help him afford the luxury of having a personal assistant to handle most of his day to day work in the office for him.
13.) Tour Duty Allowance – N35,000
This is like “pocket money.” It is one of those small amounts of money given to the minister to ensure a smooth running of his office.
With this money, he can take care of himself while attending to official matters.
14.) Utilities Cost Allowance – N607,920
This amount is meant for taking care of utilities cost on the part of the minister. For instance electricity bill, water bill and so on.
This ensures that the minister is in never in an embarrassing position with the relevant bodies in charge of such things.
About Nigerian Ministers
The Nigerian ministers are the official executive members of the Nigerian cabinet headed by the President who at the time of this writing is Muhammadu Buhari.
Office of the minister is one of those government positions you can never get via an election.
Whoever makes it to that position is there strictly by appointment.
Of course, no other person has the right to appoint another into that position except the President himself.
So if you are thinking of becoming a minister in Nigeria, you should start by associating with the right people.
You never can tell which among them will become the bridge to you getting to that position.
In terms of numbers, the number of ministers serving in each administration in the country varies.
The reason is because the appointment of anyone into that position is dependent on the president.
He can decide to have as much as 30 ministers if he so chooses, provided he has specific roles for every one of them.
In the same way, he can choose to have very few of them and allocate more than a role to each of them, as in the case of President Muhammadu Buhari who gave up to three ministries to some of his cabinet members.
The most fascinating thing about his administration though is not even that he gave more than two roles to certain persons, he also went ahead to make himself a minister too. Yes, you heard that right! He is Nigeria’s official minister of Petroleum.
By that act of the President, the number of ministers serving in his administration greatly reduced.
As a matter of fact, there are only 19 ministers serving in the country as at the time of this writing.
Who Determines What Ministers Receive As Salary?
Unlike many people may be thinking, the salary of Nigerian ministers is not determined by the President, his vice or the senate president. None of these people have a say in that.
There is actually a commission created for determining the amount of money government officials receive in Nigeria. This commission is known as the Revenue Mobilization, Allocation and Fiscal Commission (RMOAF).
The agency is the only agency authorized by Law to determine how much each minister receives as salary per month. They also determine the allowances too, based on the Remuneration Act set in place in 2007.
These are the major allowances and ministers salary in Nigeria. In total, the whole money sums up to almost N490 million per year.
Little wonder the office is one of the most desired in the country right now. I was equally stunned by what state governors in Nigeria take home every month too. Really, it is just too much.
Have you been searching online for Nigerian ministers salary?
I hope the information here helps.