National Assembly Lawmakers Gets N8.64bn As Wardrobe Allowance Next Week

Posted by Odinaka on Tue 16th Jun, 2015 - tori.ng

Aside other allowances such as furniture, housing and vehicle, which the National Assembly lawmakers are entitled to. N8.64 billion has been set aside for wardrobe allowance which translates to N17.5m for each of the 360 members of the House of Representatives and N21.5m for each of the 109 senators.

Aside other allowances such as furniture, housing and vehicle, which the National Assembly lawmakers are entitled to, N8.64 billion has been set aside for wardrobe allowance which translates to N17.5m for each of the 360 members of the House of Representatives and N21.5m for each of the 109 senators.

While the wardrobe allowance, just like the furniture and vehicle allowances, will cover the entire 4-year tenure of the 469 federal lawmakers, their housing allowances are paid on a yearly basis.

The housing allowance for political office holders is usually 200% of their annual salaries, the furniture allowance is 300% of annual salaries, while a motor vehicle loan is pegged at 400% of their annual salaries.

107 senators besides the Senate President and his deputy, will be paid N433m as housing allowance every year. The 358 representatives aside the Speaker and Deputy Speaker, will collect a total of N1.4b as housing allowance.

The total sum to be paid to the 107 senators as furniture allowance will be N650m. In the House of Representatives, the 358 members will collect a total of N2.1b for furniture.

On the vehicle loan, the 107 senators will collectively take N867m as vehicle loans while the 358 House members will get N2.8b for their vehicles

Source: This Day