On Friday, May 12, some news blogs published a report that claimed that President Muhammadu Buhari and Vice President Yemi Osinbajo received N651.2 million in hardship allowances.
Findings by Chronicle NG reveal that the hardship allowance does not exist in the breakdown of the earnings of the president and vice president.
Checks revealed that the annual remuneration of the President and his deputy as indicated by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is around N1,750,000 and N1,500,000 monthly.
The duo have been earning 50 per cent of their salaries since they assumed office in 2015. A breakdown of their monthly earnings shows that the monthly salary for the President has been N850,000, while that of the Vice President has been earning N750,000.
The President and the Vice President have not been enjoying a jumbo financial package that runs into millions of naira as hardship allowance in the last eight years.
Citing a document obtained from the website of the Revenue Mobilisation and Fiscal Allocation Commission (RMAFC), the reports claimed that “President Muhammadu Buhari and Vice President Yemi Osinbajo may have enjoyed about N651.2 million hardship allowance in the last eight years of the Buhari regime.”
“The RMAFC document disclosed that the President is entitled to N1.76m annually as a hardship allowance. This means that within a period of eight years, Buhari would have earned N14.08m as hardship allowance.
“The Vice President is entitled to N1.52m annually, which means that in eight years, Osinbajo would have earned N12.16m as hardship allowance.”
But against the unverified claims, it is stating obvious that already the President and the Vice President are earning 50 per cent of their salaries, they are not earning 100 per cent. Both Nigerian leaders chose to be paid half of their salaries since the inception of the administration, an act commended by many as unprecedented by any public office holder. So, their hardship allowance could not have accumulated to the amount quoted in the report.