RMAFC Proposes New Salary Structure: Tinubu’s Monthly Pay Could Rise to ₦5 Million
By The Analyst Online Media
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has proposed a new salary structure for Nigeria’s political office holders that could see President Bola Ahmed Tinubu receive a monthly salary ranging from ₦1.5 million to ₦5 million, subject to approval by the National Assembly.
The proposed adjustment forms part of efforts to review the remuneration of political office holders in line with prevailing economic realities and the commission’s constitutional mandate on revenue allocation and remuneration.
Under the proposal, the President’s monthly salary could be significantly higher than the current basic pay structure, although the final amount will depend on the outcome of legislative consideration and approval.
The proposal is expected to cover other categories of political office holders, including the Vice-President, governors, deputy governors, legislators and other senior public officials.
RMAFC’s recommendation comes amid continuing public debate over the remuneration of political office holders, particularly against the backdrop of Nigeria’s economic pressures, rising cost of living and calls for greater fiscal responsibility in government.
The commission is constitutionally empowered to determine appropriate remuneration packages for political office holders, subject to the applicable legal and legislative processes.
However, the proposed figures should not yet be regarded as approved salaries. The National Assembly must consider and approve the proposed structure before any new remuneration regime can take effect.
The development is likely to generate renewed public discussion over the balance between adequate remuneration for public officials, the cost of governance and the economic realities confronting millions of Nigerians.
For President Tinubu, any eventual increase would come amid the administration’s ongoing economic reforms, including measures aimed at boosting government revenue, reducing fiscal pressures and restructuring the nation’s economy.
The Analyst Online Media will continue to monitor developments surrounding the proposed remuneration review and its consideration by the National Assembly.