Ministers salary structure in Nigeria this 2023 is what we shall be discussing in order to get the approved, accurate figures of just how much Nigerian Ministers are paid in the country as salaries per year. Nigerian ministers are members of the Federal Executive Council, also known as the Cabinet of Nigeria, and along with the President, the Vice President, and the Secretary to the Government of the Federation, they form the executive arm of the government of Nigeria.
The Ministers are hired and fired at will by the President, and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria. He may choose to send nominated Ministers to the National Assembly for screening or not but the onus lies on him to appoint and fire Ministers of his cabinet as he so wills. Nigerian Ministers oversee all the Federal Ministries in the country and report directly to the President.
As we proceed in this article, we will intimate you, our readers on the salary scale of ministers in Nigeria in order for you to know just how much they earn per month. We will discuss the detailed breakdown of ministers salary in Nigeria ranging from their basic salary to the least money they are paid every month. It will interest you to know that Nigerian ministers are among the highest-paid government appointees in the world, and we will like you to keep reading to find out why.
APPROVED MINISTERS SALARY STRUCTURE IN NIGERIA 2023
The salary of Nigerian ministers per year this 2023 stands at over ₦32 million per year. This is not easy to figure out as some of the ministers allowances are paid per night depending on how many times they travel etc. Their salaries are approved by the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) according to the Remuneration Act of 2007.
Below is the breakdown of yearly salary of Nigerian ministers this 2023, and we shall discuss each of them in detail as we proceed:
- Basic salary: ₦2,026,400 (per year)
- Car Refueling and Service: ₦1,519,000
- Domestic Staff: ₦1,519,000
- Entertainment: ₦911,800
- Utilities: ₦607,920
- Personal Assistant allowance: ₦506,600
- Monitoring allowance: ₦405,280
- Newspaper allowance: ₦303,960
- Leave Allowance: ₦202,640
- Tour duty allowance: ₦35,000 per night
- Estacode allowance: $900 per night
- Housing allowance: ₦4,052,800
- Furniture allowance: ₦6,079,200
- Severance package: ₦6,079,200
- Motor Vehicle loan: ₦8,105,600.
MINISTERS SALARY STRUCTURE IN NIGERIA 2023 IN DETAILS
This is the detailed breakdown of the salary of Nigerian ministers this 2023:
BASIC SALARY (₦2,026,400 PER YEAR)
A minister’s basic salary in the Federal Republic of Nigeria is ₦2,026,400 per year. This is the exact amount they are paid as their main salary every year. Dividing that amount by 12, gives you a monthly salary of roughly ₦168,867.
CAR REFUELING AND SERVICE ALLOWANCE (₦1,519,000)
A Nigerian minister’s car, without a doubt, has to be fueled and serviced on a regular basis, and for that reason, he is paid the amount of ₦1,519,000 to take care of his car and fuel needs. This is to prevent him or her from getting stranded on an official mission.
DOMESTIC STAFF ALLOWANCE (₦1,519,000)
The sum of ₦1,519,000 is also paid to a Nigerian minister in order to assist the minister in looking after his or her domestic staff that works for him and his family. Chefs, gatekeepers, and others fall under this category.
ENTERTAINMENT ALLOWANCE (₦911,800)
A minister must properly unwind after a long day at the office in order to prepare for the next day’s work. The entertainment allowance payment of ₦911,800 is intended to assist him or her in achieving this goal. The entertainment allowance also helps the minister celebrate birthdays, host and attend other parties, and so on.
This sum is intended to cover the minister’s utility expenditures. For example, their electricity bill, water bill, telephone bill, and so on. This ensures that the minister is as comfortable as possible either at work or at home.
PERSONAL ASSISTANT ALLOWANCE (₦506,600)
Consider a minister who doesn’t have a personal assistant; he or she will have to accomplish almost everything on their own. That takes a lot of time and is very stressful. The purpose of the PA allowance of ₦506,600 is to enable the minister afford the luxury of having a personal assistant who will handle the majority of his or her office.
MONITORING ALLOWANCE (₦405,280)
While it is not clear what monitoring allowance means, ministers in Nigeria are paid the sum of ₦405,280 for this.
NEWSPAPER ALLOWANCE (₦303,960)
The purpose of this money is to keep the minister informed about what is going on around him. He can continue to buy and read various national dailies with this amount of money that he has at his disposal.
LEAVE ALLOWANCE (₦202,640)
The minister’s leave allowance, as the name implies, is money that he can spend to take care of himself while on leave. This is what he is entitled to regardless of the length of his leave.
TOUR DUTY ALLOWANCE (₦35,000 PER NIGHT)
This is comparable to “pocket money”. It is one of those little sums of money handed to the minister to keep his office working smoothly. He can take care of himself with this money while on tour.
ESTACODE ALLOWANCE ($900 PER NIGHT)
Estacode or travel allowance is paid to the ministers to enable them lodge at some of the best hotels in any city in the country that they travel to for official assignments. The sum for this is $900 per night
HOUSING ALLOWANCE (₦4,052,800)
Housing allowance is paid to Nigerian ministers to enable them rent comfortable homes for themselves and their families while in office. They are paid the sum of ₦4,042,800 for this.
FURNITURE ALLOWANCE (₦6,079,200)
This yearly amount is paid for the minister to utilize in order to replace and maintain his office furniture. This covers his personal office as well as others. Though ₦6 million is a substantial sum, it pales in comparison to the sums given to senators and the President.
SEVERANCE ALLOWANCE (₦6,079,200)
Nigerian ministers are paid severance allowance to the tune of ₦6,079,200 once they have been relieved of their duties. It is also known as severance package.
MOTOR VEHICLE LOAN (₦8,105,600)
This loan is given to Nigerian ministers for vehicle purchases every year and they can decide if they want to take it or not depending on the need.
These amounts as earlier stated are paid to Nigerian ministers per year, except of course some which require nightly payments especially when they are out on official duties. Kindly note that ministers of State, that is, assistant ministers, are slightly lower amounts than supervising ministers in Nigeria.