Buhari,Osinbajo downsize salary by 50%

President Muhammadu Buhari and Vice President Yemi Osinbajo have announced their decision to take only 50 per cent of the salaries 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 be earning N7m per year throughout his four-year tenure.

Shehu said the President’s decision to cut his salary by half had been conveyed to the Office of the Secretary to the Government of the Federation on Friday by the Permanent Secretary of the State House, Mr. Nebolisa Emodi.

“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 per cent 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.

A source at the presidentila villa reveal that this is sending signal to other government functionairies to take a cue from this action.