Nigeria’s new president Muhammadu Buhari and his vice, Yemi Osinbajo are to earn monthly basic salaries of less than N300,000 each. This amounts to annual basic salaries of N3, 514, 705 and N3, 031, 572.50 respectively. This was made available via the website of the Revenue Mobilization Allocation and Fiscal Commission.

However when other allowances such as hardship, consistency, leave allowances etc. are added, Nigeria’s number 1 public officer will take home N1, 171,568.33 each month, and N14, 058, 820.00 yearly while Vice President Osinbajo will receive N1, 010, 524. 17 monthly, and N12, 126,290.00 per annum. The duo is entitled to several other allowances which are however not monetized. These include; accommodation, furniture, duty tour allowance (per night), estacode (per night), medical allowances etc. The president and deputy are also entitled to motor vehicle loans of N14, 058, 820 and N12, 126, 290 respectively which must be repaid before expiration of tenure.

[Long Version]