Nigerian Governors Salary: How Much Governors in Nigeria Earn 2021 update
Nigerian Governors Compensation: What Governors in Nigeria Receive 2021 Update
When it pertains to administration and politics in Nigeria, numerous Nigerians will assert that some political office bearers are in the position to profit rather than to serve the populace.
Throughout the years, there has been a demand for a decrease in government spending, particularly concerning the remuneration of political officeholders.
At present, the economic climate has been significantly impacted with food prices escalating; this also raises the question of when the expenses of governance would be lowered to reflect the current circumstances. Thus far, no measures have been taken in this regard.
Perhaps you are curious about how much a governor receives, or you aim to enhance your understanding of politics in the nation, then you have arrived at the appropriate website.
To begin with, to become a governor in Nigeria, there are certain prerequisites as delineated by the constitution that any aspiring individual must fulfill, and they consist of;
1. The aspirant must be a Nigerian by birth
2. The aspirant must not be below 35 years of age.
3. The individual must be a registered member of a political party recognized by the nation’s electoral body, the Independent National Electoral Commission INEC.
4. The aspirant is entitled to a four-year term in office and can be re-elected for an additional four years, thereby totaling a maximum of 8 years.
Recent studies indicate that a Nigerian Governor’s fundamental salary is N2.22 million, while deputies earn N2.11 million, and Commissioners receive N1.33 million monthly.
Given the current economic difficulties the country is experiencing, there is a consensus that the compensation received by Governors is still substantial.
This sentiment is fueled by the fact that alongside the salary, there are other allowances that political office bearers receive while serving in their positions.
Compensation of Nigerian Governors Post-Minimum Wage Increase
According to the research, a state governor earns a total of N11,540,896, with the annual leave allowance set at N222,370.50 per year.
The 2009 sanctioned earnings for public office bearers reveal that a state governor is entitled to 400% of their annual basic salary, amounting to N8,894,820.00, which serves as allowances for vehicle maintenance.
In addition to the basic salary and vehicle allowance, governors also benefit from other allowances and entitlements related to their office for housing and furnishings.
The allowances and entitlements are duly provided by the state government.
Moreover, medical expenses incurred by the governor are the responsibility of the state government. Upon the conclusion of their tenure, the governor is entitled to a severance gratuity of N6,671,115.
The Revenue Mobilization Allocation and Fiscal Package (RMAFP) further elucidates the spending patterns of governors in the country.
However, the RMAFP did not impose any limits on the allowances for the governor regarding international trips as well as domestic trips, all of which are financed from the state account and approved upon the governor’s request.
Below is an outline of the allowances and salary of the state governor in the country:
