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Senators
and members of the House of Representatives that will constitute the
8th National Assembly and ministers to be appointed by President-elect,
Gen. Muhammadu Buhari (retd.), will on assumption of office receive
welcome perks amounting to N9bn.
The perks of
office include the housing allowance which each of the incoming office
holder is entitled to receive once a year, the furniture allowance which
they are entitled to once in four years and motor vehicle loan which
they are entitled to once in their tenure.
The perks
are some of the non-regular allowances that the political office holders
are entitled to as prescribed by the Revenue Mobilisation, Allocation
and Fiscal Commission.
There are other allowances,
both regular and irregular ones, but housing, furniture and motor
vehicle are paid at the beginning of the tenure of the office holders to
ensure that they settle down appropriately.
Housing
allowance for the political office holders is 200 per cent of their
annual salaries; furniture is 300 per cent and motor vehicle loan is 400
per cent.
The Senate President and the Deputy
Senate President are not entitled to this allowance because their own
accommodation is to be provided by the Federal Government.
Similarly, each member of the House of Representatives will be paid N3, 970,425 as housing allowance on assumption of office.
This
means that the 358 representatives will be collecting a total of N1,
421,412,150 as housing allowance. Again, the Speaker and Deputy Speaker
of the House of Representatives are excluded from this allowance as the
Federal Government is to provide their own accommodation.
The
principal officers of the National Assembly also benefited from the
sale of Government houses. As a result, the Federal Capital Territory
Administration is at present building new houses for the lawmakers that
will emerge as the Senate President, the Deputy Senate President, the
Speaker and the Deputy Speaker.
For furniture,
each of the senators is to get N6, 079,200. The furniture for both the
Senate President and his deputy are to be fully provided by the
government. This means that 107 senators will get a total of N650,
474,400 as furniture allowance. Furniture allowance is paid once in four
years.
Punch.