Change!!: President Buhari and V.President Osinbanjo Cut their Salaries by 50%

President Muhammadu Buhari and the Vice President Yemi Osinbanjo have announced a 50% pay cut on their salaries. The President and the VP said they will only be receiving only 50% of the approved salaries by the Revenue Mobilisation Allocation and Fiscal Commission. 
This announcement was made in a statement through the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, though the reason for the pay cut was not stated. See excerpt from the statement after the cut...

“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,” “That voluntary action of the President is pregnant with meaning.
“It is a message of sacrifice for national development.
“Since the President has done this for himself, he is expecting that others will join him in making sacrifices for their fatherland.”

The President’s current annual remuneration as approved by RMAFC is put at N14,058,820.00 but now Buhari will earn 7million annually through out his four-year tenure.

 

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