Interesting, Jonathan, Sambo, others to get N3.24bn as retirement benefits

President Goodluck Jonathan, Vice President Namadi Sambo, non-returning federal lawmakers, ministers and presidential aides will collect N3.24bn in severance allowances.

The Punch reports that this is part of the remuneration package put together by the Revenue Mobilisation, Allocation and Fiscal Commission. The package shows that  Jonathan, who will hand over on May 29, is entitled to 300 per cent of his annual basic salary. The president’s annual basic salary is put at N3, 514,705 and therefore his severance allowance will be N10, 544,115 after May 29.

Vice-President Sambo, who leaves office the same day as Jonathan, is also entitled to 300 per cent of his annual basic salary put at N3, 031,572.50. This means that his severance allowance after May 29 is N9, 094,717.50. These two positions have some constitutional benefits at the end of the day.

About 76 senators are not returning to the National Assembly after losing elections. Like Jonathan and Sambo they are entitled to 300 per cent of their annual basic salaries as severance allowances at the expiration of their tenures on June 5, a total of N462,019,200. This means  every senator will get N6,079,200.

Also, in the House of Representatives, about 290 members are not returning to the 8th National Assembly to be proclaimed into existence by Buhari on June 5. Each of the members is entitled to N5,955,637.50 as severance allowance. This means that the 290 members  will be paid N1, 727,134,875. The ministers, on the other hand, will be collecting a total of N253, 967,212.5. There are 42 ministers in Jonathan’s cabinet. Thirty one of them are senior ministers and 11 are ministers of state. Each of the senior ministers is entitled to N6, 079,200 severance allowance while each of the ministers of state will receive N5, 872,740.

This means that collectively, the senior ministers will get N188, 455,200 at the expiration of their tenures on May 29 while collectively, the ministers of state will receive N65, 512,012.5. The aides to the president, comprising special advisers, senior special assistants and special assistants will receive N775, 207,125.

There are 23 special advisers to the president. There are others, estimated at 110, who work with the vice-president, the First Lady (Patience Jonathan) and special advisers that are designated either as senior special assistants or special assistants to the president.

This means that there are about 133 aides to the president and each of them is entitled to 300 per cent of their annual basic salary which amounts to N5, 828,625. The Nigerian democracy has been identified as one of the costliest in the world as a result of a large number of political office holders.

With this report, some experts are of the opinion that a cabinet made up of 42 ministers is way too large, but constitutionally, each of the 36 states is expected to be represented in the Federal Executive Council. Bicameralism is another source of worry for many observers who believe that Nigeria can do with one chamber of the National Assembly. Some Nigerians have called for a part-time legislature as a means of saving costs.