President Buhari Set To Reduce Cost Of Governance, Moves To Slash His Own Salary & Allowances

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.

According to PUNCH, It was 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.

Other areas being considered by the President included appointment of aides and the possibility of implementing the report of the Stephen Oronsaye-led Presidential Committee on the Rationalisation and Restructuring of Federal Government Parastatals, Commissions and Agencies.

Buhari, had on Tuesday sought the approval of the National Assembly to appoint 15 special advisers, unlike former President Goodluck Jonathan, who had 23 special advisers and scores of special assistants.

It was gathered that the President, who in his inaugural speech, said the Nigerian economy was in deep trouble, might not increase the number of special advisers from 15 as part of the measures to cut down cost of governance.

It may be recalled that former President Goodluck Jonathan-led administration had made a provision of N348, 342,741 as its proposal for honorarium and sitting allowance for the State House in the 2015 budget.

The breakdown of the expenditure on travel and transport showed that the president will be spending N1, 306,834,350 on local travels and transport and the sum of N621, 067,913 on international travel and transport.

The travel bill of the president for 2014 was higher than the provision for 2014. The 2014 budget made a provision of N2, 378,862,017 for the office of the president for local and international travels.

For food stuff/catering materials supplies, a provision of N142, 472,537 was made for the office of the president.

The 2015 budget proposal included a provision of N131, 911,315 for fuel and lubricants for the State House. The breakdown showed that plant/generator fuel will consume N35, 344,855; motor vehicle fuel will consume N85, 843,802 while cooking gas/fuel will consume N10, 102,858.

For 2014, the State House received lesser provision of N122, 855,267 for fuel and lubricants. This was broken down into motor vehicle fuel, N79, 950,407; plants and generators, N33, 476,963 and cooking gas/fuel cost, N9, 427,898.

A provision of N60, 847,647 was made for the office of the president for advertisement and publicity.

For the State House, N287,514,283 provision was made for welfare packages; N174,537,975 for refreshment and meals; N215, 635,715 for food stuff and catering services; N31,582,475 for medical expenses; and N35,495,233 for publicity and advertisement. These provisions are likely to be reviewed downwards.

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