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Odds against downstream deregulation - By Chijama Ogbu

 

Profile

Bar. Bello Mahmud: The New Registrar General for CAC

 

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No 2nd Term for YarÁdua – Billionaire Debtors Vow

 

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Federation Account: How They Share N332bn in October

 

The Sharing of N27.8bn on Exchange Rate difference in October 2009

 

List of Federal Perm. Secs and their States - Non from Bayelsa

 

List of Major Debtors in Nigeria

 

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No more Needless Borrowing in Public Offices - Aliyu Yelwa, Boss of Fiscal  Commission

 

Monetary

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Communiqué No. 66 of the Monetary Policy Committee Meeting

 

List of Major Debtors in Nigeria

 

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Odey Inaugurates Panel on IWMF in Niger Delta

 

Finally FG, States Share $2bn from Excess Crude Account

Honours for EFCC Boss in USA

 

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Economic Confidential, April 19, 2009

EXCLUSIVE NEWS

 

FG Finally Cut Salaries of Public Officers- Effective April 2009

The Federal Government has finally cut the monthly remuneration of all political and public office holders in the Executive Branch of government at the federal level by 20% (twenty percent) effective from April 2009.

 

In an official document obtained by the online intelligence publication, Economic Confidential at the weekend, the new directive affects the salaries and allowances of ministers, Special Advisers, chief executives and chairmen and members of constitutional bodies mentioned in the Certain Political, Public and Judicial office Holders (salaries and Allowances, etc) Act 2008.

 

The president made the directive to facilitate his early resolution on the need to reduce the remuneration of all public officers in view of the global economic meltdown.

 

In a computation by the magazine the President’ s salary would drop from N3,514,705.00 to 2,811,764 while that of the Vice President would come down to    N2,425,257.6 from N3,031,572.50.

 

The Salary of Minister, Secretary to the Government of the Federation, Chairmen of statutory bodies, Head of Service, Chief of Staff and Principal Private Secretary to the President is reduced to N1,621,120 from N2,026,400.00 while Federal Commissioner/Member of constitutional bodies would now receive N1,566,064 from N1,957,580.00.

 

The Special Adviser to the President would each receive  N1, 554,300 from N1,942,875.00 while Auditor General, Accountant General and Perm Secretary including Director General and Executive Secretary would each receive N1,540,692 from 1,925,865.00.

 

The Economic Confidential further gathered that the amount to be saved from the deductions which is estimated at N2.5billion per annum would be pooled into a fund which is to purchase additional transportation for public sector workers in the FCT to ease the burden of transportation costs.

 

This new directive does not affect judicial officers and legislators as they are different arms.

 

A very senior Presidency sources who spoke to the Economic Confidential said that the President recognizes the imperatives of compliance with constitutional provisions with regards to remunerations of office holders and has emphasized the need for the two other arms of government to make voluntary decisions regarding sacrifices as suggested.

 

While the National Assembly may likely consider such reduction in their remunerations, the judicial officers are reluctant.

 

The Chief Justice of the Federation, Justice Idris Kutigi had in  March 2009 insisted that the directive of President Yar’Adua for the downward review of remuneration packages does not extend to judicial officers because the security of tenure of all judicial officers in the Federation is guaranteed under Section 84 Subsection (1)- (4) of the 1999 Constitution of the Federal republic of Nigeria, to the effect that salaries and allowances of judicial officers cannot be altered to their disadvantage.

 

The Presidency’s short-cut for immediately implementation of the reduction of salaries and allowances of the political office holders was to hasten the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to determine the salaries.

 

The Commission is constitutionally empowered to determine and fix the salaries of all political and public office holders in Nigeria in the Executive, Judicial and Legislative arms at federal, states and local government councils. The Commission is presently in dilemma of accepting the voluntary deductions by the Presidency for its officers which constitutionally should passed through various processes. By the 1999 Constitution the Commission would study the reality on ground, consider and consult the stakeholders and make recommendation to the national Assembly who would then approve it.

 

REMUNERATION PACKAGES FOR FEDERAL EXCEUTIVE OFFICERS

S/No

Federal Executive Officers

Existing Annual Basic Salary by RMAFC

20% Downward Review by the FG

1

President

3,514,705.00

2,811,764

2

Vice President

3,031,572.50

2,425,257.6

3

Ministers, SGF, HOS, COS,PPS

2,026,400.00

1,621,120

4

Chairman

2,026,400.00

1,621,120

5

Federal Commissioner/Member

1,957,580.00

1,566,064

6

Special Adviser to C-in-C

1,942,875.00

1,554,300

7

AGF, Perm Sec, DG, ES, CEO

1,925,865.00

1,540,692

Source: The Economic Confidential

 

For more check the past exclusives from the Economic Confidential in the Archive or click:

New Salaries and Allowances for Legislators- August 17, 2008

New Remuneration for Legislators - June 2007

Jumbo Salaries for Officers at Executive and Judiciary Arms April 2007

 

(C) Readers are free to reproduce our exclusives and tables by acknowledging the source in the publication.

   

SPECIAL FOCUS

List of Major Debtors in Nigeria

 

List of Bad Debtors in Federal Mortgage Bank of Nigeria (FMBN)

 

NEMA@10: The Story So Far

 

Questions and Answers on the Examinations of the 14 Banks by CBN

 

FEATURES

Africa's Foreign Reserves: In Reserve For Who?By Chika Ezeanya

 

Churches and Mosques Should Pay taxes - Mcdonald Koiki

 

Deregulating Robbery in Nigeria By Kola Ibrahim

 

Understanding Monetary Policy By Abubakar Jimoh

 

The Making of Ideal Economic Policies By: Salim Salihu Muhammed

 

The Putrid Mess Also in CBN By Les Leba

 

Still on Early Warning Alert System in Nigeria By Yushau A. Shuaib

 

District 9 and the Can of Wild Paradox by Segun Imohiosen

 

Nigeria: Time to Check to the Drift By Dansulieman Mohammed

 

Golden Casket: Between Gani Fawehinmi and Wacko Jacko- By Yushau A. Shuaib

 

NIGERIA@49: Tracing the Economic Intervention- By Abubakar Jimoh

 

NASENI: Striving to end Nigeria’s reliance on foreign good – By Umar Kari

 

Macroeconomic Framework for an Independent Economic Recovery- Salihu Muhammad

 

When Sony Undermines Campaigns of Akunyili and Aoandoka- By McDonald koiki

 

Archetypal Resurgence: The Lamido Sanusi Revolution- By Segun Imohiose

 

Banks and Money Laundering- By Les Leba

 

Oronsaye’s Civil Service reform- By hussaini Sani kagara

 

New Policy in the Civil Service: Hypocrisy at Work? –By Tope Ajakaiye

More Features

 

TAX MATTERS

* Church and Mosque Not Exempted from Tax - FIRS

… Use of Consultants for Tax Collection is an Aberration

*Finance Minister Advocates Partnership on Tax Issues

*FIRS Reopens PAN, Vows to Prosecute Defaulters

*How We Generate N808bn in Tax Revenue Within Six Months- FIRS Boss

*FIRS Generates Taxpayers Numbers for Bank Customers

*Historical Milestone as Online Tax Payment Begins

*FIRS Seals Two Oil Companies Over $610m Tax Arrears

*Firms Owed Govt N260b in Taxes

*Tax Identification Number to Reduce Tax Evasion- FIRS Boss

*Revenue Agencies to Make Full Disclosure- Finance Minister

*FIRS Delists 2 Banks over Non-Remittance of Tax