President Buhari & VP Osinbajo Takes 50% Pay Cut On Salary
President Muhammadu Buhari and Vice President Yemi Osinbajo have announced their decision to take only 50 per cent of the salary approved for them by the Revenue Mobilisation Allocation and Fiscal Commission.
Their decision was contained in a statement made available to journalists on Friday by the Senior Special Assistant to the President on media and Publicity, Mallam Garba Shehu.
The President’s current annual remuneration as approved by RMAFC is put at N14,058,820.00.
With this development, Buhari will earn N7m per year throughout his four-year tenure.
“I write to forward the completed IPPIS registration form of Mr. President and to draw your kind attention to Mr. President’s directive that only 50% of his salary be paid to him,” the presidential spokesman quoted Emodi as writing in the letter with reference number PRES/81/SGF/17.
Shehu said Osinbajo had similarly given up half of his official remuneration.