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how much is nigerian president traveling allowance

how much is nigerian president traveling allowance插图

The president’s severance gratuity is N10, 544, 115, that is300 per cent of basic;he is entitled to a leave allowance of N351, 470. 50, (10 per cent of basic salary) and an optional motor vehicle loan of N14, 058, 820, at 400 per cent to be repaid before the expiration of the president’s tenure.

Is there a basic travel allowance in Nigeria?

Nevertheless, many people still hear about basic travel allowance in Nigeria and even outside the country. Moreover, every year thousands of Nigerians are scammed and asked to pay basic travel allowance when going to the United States of America and other countries (but no such thing even exists).

Does Nigeria President get salary and other allowances?

Medical allowance, utility allowance, accommodation allowance, security allowance, motor vehicle maintenance, domestic staff allowance, and some other allowances are not paid, as the Nigeria president salary and other allowances, instead are provided by the country; the president enjoys them for free.

What is the leave allowance of Governor of Nigeria?

Nigeria governors receive leave allowance of #222, 370.50 per annum while deputy governors receive leave allowance of #211, 221.50 per annum. They are also entitled to vehicle and maintenance loan that is worth 400% of their basic salaries.

What is the salary of Governors in Nigeria?

The Nigeria governors are paid a basic salary of #185, 308.75 monthly while Nigeria deputy governors receive a basic salary, that is lesser than the salary of the Nigerian president by #116, 874.16, on monthly basis; #176, 017.92. Nigeria president salary – N3,514,708 per annum. Salary of Governors in Nigeria- #2, 223, 705 per annum.

What allowances does the Vice President of Nigeria get?

Vice president of Nigeria also will get estacode, duty tour, medical, utility allowances, and other allowances the president enjoys.

What is the T-fare called?

These allowances do not have a specific range; when the governors and deputies go on foreign trips, they can request for “pocket money”…lol…this “pocket money” or “T-fare” is called estacode allowance.

Does anyone on the Nigerian throne get paid?

Anyone on the Nigerian throne does not only receive salary of Nigeria president, the seat has other allowances and benefits attached to it.

Is the salary of a Nigerian governor the same as the salary of a Nigerian president?

Everyone knows that the salary of Nigerian governors is not the same as that of the Nigeria president salary.

Is the salary of the Vice President of Nigeria higher than the salary of the Vice President of Nigeria?

Salary of Vice President of Nigeria. It should and should not come as a surprise to you that the Nigeria president salary is just slightly higher than the salary of the vice president of Nigeria. Courtesy of President Muhammadu Buhari, the difference between the salary of Nigerian president and that of the vice president is not much.

Does Nigeria pay medical allowances?

Medical allowance, utility allowance, accommodation allowance, security allowance, motor vehicle maintenance, domestic staff allowance, and some other allowances are not paid, as the Nigeria president salary and other allowances, instead are provided by the country; the president enjoys them for free.

Do allowances expire?

The tempting thing about these allowances is each person is given a signed blank cheque to fill in the amount they want. Yea! There is no expiry date; they get it whenever they need it!

Some of the Allowances of the President of Nigeria are as Follows

Hardship Allowance: The total amount of the hardship allowance stands for up to 50 percent of the basic salary and sums up at N1, 757,350.50 yearly.

Some Other Allowances Paid to the President that You Must Take Note of Include

Leave Allowance: The total amount of N351, 470.50 is paid to the president of Nigeria as leave allowance. The leave allowance represents 10 percent of the president’s basic salary.

The Salary Slash of the President and that of His Vice

When the president made the decision to cut his salary by 50 percent, he also cut that of his vice. The salary of the Vice President of Nigeria, Professor Yemi Osinbajo, was reduced to N1, 010,524.17 per month. This amounts to a total of N12, 126,290.00 annually.

Conclusion

The RMAFC is legally authorized by Section 32 (d) of Part 1of the Third Schedule of the Constitution to decide the appropriate salaries for political office holders.

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Ifiokobong Ibanga

Ifiokobong Ibanga is the founder of InfoGuideNIgeria.com. You can get in touch with him on Instagram @ifiokobong. If you need a personal assistance on this topic, kindly send a message. Much Love!

What is BTA?

You have already guessed that BTA means basic travel allowance. However, this term is not official, and it is not used anywhere in the world. It is the twenty-first century out there, by the way. Nevertheless, many people still hear about basic travel allowance in Nigeria and even outside the country.

What does basic travel allowance mean?

Meaning of basic travel allowance. There were times when different countries had various restrictions set up for their citizens. But even back then, basic travel allowance never meant any compulsory requirement for people.

Is there a BTA in Nigeria?

For example, the U.S. Embassy site clearly explains that there is no such thing as BTA in or outside the country. There is only internet fraud going on all over the whole world, including Nigeria. There are also millions of victims who believed in a ‘touching story’ told by an online friend and sent their money to someone they thought was in trouble or asked for basic travel allowance cash (which they happily sent themselves and lost for good) in order to ‘depart Nigeria to the USA’ (while there is no such a requirement under U.S. or Nigerian laws).

Is BTA money scam?

People who ask for BTA are usually scammers and they want you to ‘help’ them financially as they are asking you to send them BTA money and help them travel abroad. Don’t believe in such situations and always keep in mind that there is no such a thing or any particular meaning of basic travel allowance in or outside Nigeria.

Does Nigeria have a BTA?

As you can see, basic travel allowance or BTA does not exist in Nigeria. If you are ever asked to show your BTA in the airport, at the customs, by an Embassy ‘representative’ you need to be aware of scams. Absolutely, you are being 100% scammed, and you need to report such financial fraud to crime complaint center or call your local police office …

Do you have to prove financial success to get a visa?

You can prove your financial successes with a letter from your job, letters from the bank or an invitation sent by your foreign hosts who assure they would take full financial responsibility for your visit. All these possibilities are clearly outlined by the list of visa application requirements.

Is it illegal to exchange money in the USSR?

There were many limits in the countries like the former USSR where it was illegal to exchange currency unless you had to travel abroad. Only travelers were permitted to exchange some money, there was ‘allowance’ they had to follow. However, even this was not a must-do thing, but only a privilege limited by a maximum amount of money (not minimum).

Why did CBN seize forex?

Recalled that CBN governor Godwin Emefiele on July 27, 2021, announced it seized the sales of forex to Bureau De Change operators because of their questionable activities in the forex market.

Can Nigerians buy foreign exchange?

Following the recent directive by the Central Bank of Nigeria on the sales of forex, Nigerians can now walk majestically into any branches of Nigerian banks to buy foreign exchange for Personal Travel Allowance (PTA) and Business Travel Allowance (BTA).

Can you be a non account holder on Zenith?

2) You can be an account holder or non-account holder if you are buying from Zenith Bank.