President Buhari Set To Slash His Salary And Allowances

Report from Punch has it that, there are strong indications that in fulfilment of his campaign promise to reduce the cost of governance, President Muhammadu Buhari may have concluded plans to slash his salary and reduce his personal emoluments.

It was learnt that the President expected the Vice-President and other political appointees to take a similar decision.

Saturday PUNCH gathered in Abuja on Friday that the President would have made his decision public but chose to consult with his close associates on how best to approach the issue without being seen as dictatorial.

According to the Revenue Mobilisation Allocation and Fiscal Commission, President Buhari will earn a monthly salary of N3, 514, 705. He is also entitled to a regular hardship allowance and 50 per cent of the basic salary, which is N1,757,350.50.

There is however no information yet as to what percentage of Buhari’s salary and emoluments will be slashed.

But it was reliably learnt that the President would also reduce State House budget.