NICE: Buhari and Osinbajo Have Reduces Their Salaries By 50%

President Muhammadu Buhari has slashed his salary and that of his deputy, Vice President Yemi Osinbajo by 50 per cent, entailing that they will be receiving half of what their predecessors, Goodluck Jonathan and Namadi Sambo were being paid throughout their tenure in office.

The decision by Buhari to cut his salary by half was conveyed to the office of the Secretary to government of the federation (SGF) by the permanent secretary of the State House, Nebolisa Emodi.

This was the outcome of the meeting the president had with the permanent secretary who briefed him about the state of affairs of the State House on Wednesday.

While the current annual remuneration of the President of Nigeria as published by the Revenue Mobilisation Allocation and Fiscal Commission is N14,058,820.00 (about N14 milion), Buhari will now receive about N7 million per year.

It was also reported earlier that President Buhari had also at the meeting turned down a proposal to purchase five new armoured Mercedes S-600 (V222) cars for his use at a cost of about N400 million.

He told Emodi during the briefing that there was no need for the vehicles when the ones he inherited from former President Goddluck Jonathan were still in good shape for him to use.

A statement by Special Assistant to the President on Media and Publicity, Garba Shehu, said:

"President Muhammadu Buhari will only receive 50% of the salary paid to his predecessor. The President's decision to take a 50% 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", Shehu stated.

He quoted Emodi as writing:

"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".

Shehu said Vice President Osinbajo "has similarly given up half of his official remuneration."