The new members of the National Assembly are to receive N8.64 billion as Wardrobe allowance next week. ThisDay reports that N8.64 billion wardrobe allowance translates to N17.5 million for each of the 360 members of the House of Representatives and N21.5 million for each of the 109 senators. This doesn’t include other allowances they are entitled to like furniture, housing and vehicle allowance.
The wardrobe allowance is said to cover the entire four-year tenure that they will be in office while their housing allowances are to be paid on a yearly basis. As approved by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), the housing allowance for political office holders is 200 per cent of their annual salaries, the furniture allowance is 300 per cent of annual salaries, while a motor vehicle loan is pegged at 400 per cent of their annual salaries.
Going by this policy, each of…
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