BREAKING: Buhari, Osinbajo Slash Salary By 50% Over Austerity

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President Muhammadu Buhari will only receive 50% of the salary paid to his predecessor, Goodluck Jonathan, the presidency announced Friday.
 
The president’s decision to take a pay cut was conveyed to the Office of the Secretary to the Government of the Federation on Thursday by the Permanent Secretary of the State House, Nebolisa Emodi.
 
“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% of his salary be paid to him,” the permanent secretary, Mr. Emodi, was quoted as saying in the letter with reference number PRES/81/SGF/17.
 
Vice President Yemi Osinbajo has similarly given up half of his official remuneration, Aso Rock confirmed in a statement signed by a presidential spokesperson, Garba Shehu.
 
The current annual remuneration of the President of Nigeria as published by the Revenue Mobilisation Allocation and Fiscal Commission is N14, 058,820.00.
 

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