Nigerian Legislators Top Chart in List of Highest Earning Lawmakers (Economist Magazine)

Nigerian federal legislators receive much higher salaries than their counterparts in wealthier countries and key developing nations, according to an analysis published by the Economist magazine.

A Nigerian legislator receives an annual salary of about $189,000, equivalent of N30 million, which is 116 times the country’s gross domestic product (GDP) per person, says the publication which was posted on the magazine’s website on Friday.

The figures put salaries collected by Nigerian senators and members of the House of Representatives way ahead of those received by fellow parliamentarians in the 29 countries whose data was analysed by the Economist.

In terms of volume of cash earnings, the Nigerian legislators beat their counterparts in Britain who take $105,400 yearly, as well as those in the United States ($174,000), France ($85,900), South Africa ($104,000), Kenya ($74,500), Saudi Arabia ($64,000) and Brazil ($157,600).

In terms of lawmakers’ salaries as a ratio of GDP per capita, the gap is even much wider. While the salary of a Nigerian lawmaker is 116 times the country’s GDP per person, that of a British member of parliament is just 2.7 times.

The report said Britain’s legislators pay is “relatively parsimonious” when compared with that of their counterparts in poorer countries, including Nigeria, who “enjoy the heftiest salaries by this measure.”

According to the data, only Australian lawmakers, with $201,200 annual salary, receive higher amounts compared to Nigerian legislators, but their salaries are only 3 times their country’s GDP per person.

Other yearly salary details published by the Economist are those of lawmakers in Ghana ($46,500), Indonesia ($65,800), Thailand ($43,800), India ($11,200), Italy ($182,000), Bangladesh ($4,000), Israel ($114,800), Hong Kong ($130,700), Japan ($149,700), Singapore ($154,000), Canada ($154,000), New Zealand ($112,500), Germany ($119,500), Ireland ($120,400), Pakistan ($3,500), Malaysia ($25,300), Sweden ($99,300), Sri Lanka ($5,100), Spain ($43,900) and Norway ($138,000).

Secretive

The National Assembly has been secretive with the specific amounts members collect in salaries and allowances, refusing to provide information to journalists and activists even when requests are made under the Freedom of Information Act (FOIA).

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One Comment

  1. Taiwo says:

    The salary reported is far below what they earn. I read in a newspaper some time ago, an interview of a former lawmaker (house of rep member), He said as at the time he was in the House of Rep (between 2003 and 2007), they earn N162 Million Naira quarterly. This may include or exclude other bonuses attached.

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