Tuesday, June 09, 2015

New salaries for Buhari, Ministers, Govs & others.

Following 50 per cent drop in revenue, inflation and the high cost of living, the Federal Government has commenced the review of the Remuneration Act which will affect what the president, vice president, governors, and others will earn.
he review will also affect the remunera­tions of other political officeholders including the ministers, the National Assembly mem­bers and the judiciary.

Speaking exclusively to Daily Sun at the weekend, Chairman of Revenue Mobilisa­tion Allocation and Fiscal Commission (RMAFC), Elias Mbam, said the review is undergoing a process to determine whether it will be reviewed upward or downward.                                  

  He, however, noted that given the harsh realities on ground, the 2008 Remuneration Act must be reviewed.

“The commission is not insensitive to the realities on ground. There is a drop in the oil price, there is a general economic downward trend. Many states are even finding it difficult to pay salaries. In view of this situation, the commission has commenced the review of the remuneration of the present Act of 2008 and by the time we conclude, we will make public our position with regard to the new Remu­neration Act,” he said.

Mbam said the commission will consider other things in tandem with what is happening in other parts of the world.

“The thing is that we are not working in isolation of other parts of the world. We are also looking at what is obtainable elsewhere. What is being paid in the private sector. What type of work do you do? What are the risks? Does the work require the allowance that you are earning? What are the shortcomings of the present Remuneration Act? What is the rate of inflation? So, it is not something you just say, increase or decrease. But certainly, there will be some changes,” he emphasized.

On the time-frame of the new remuneration law, the chairman said it should come up with a new proposal before the end of the third quarter.

2 comments :

  1. Good news, I like that
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  2. they should increase civil servant money biko

    ReplyDelete