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*NIGERIAN ECONOMY CAN'T TAKE CARE OF SENATORS AND THE EXPENSIVE* *PRESIDENTIAL SYSTEM OF GOVERNMENT*
*ANY*
*LONGER.*

Senators' Annual Pay World Wide:

1.Sri Lanka:
$5,100.00.

2.Malaysia:
$25,300.00.

3.Spain:
$43,900.00.

4.Ghana:
$46,500.00.

5.Saudi Arabia:
$64,000.00.

6.France:
$85,900.00.

7.South Africa:
$104,000.00.

8.Britain:
$105,400.00.

9.Germany:
$119,500.00.

10.Canada:
$154 000.00.

11.United States:
$174,000.00.

12.Nigeria:
$2,183,685.00.

Details of the remuneration of an
average Nigerian Senator is stated below:

Monthly Basic Salary (B.S):
N2,484,245.50.

Hardship Allowance:
(50% of B.S),N1,242,122.70.

Constituency Allowance:
(200% of B.S),N4,968,509.00.

Newspapers Allowance:
(50% of B.S) –
N1,242,122.70.

Wardrobe Allowance:
(25% of B.S),N621,061.37.

Recess Allowance:
(10% of B.S),N248,424.55.
Accommodation:
(200% of B.S),N4,968,509.00.

Utilities:
(30% of B.S),N828,081.83.

Domestic Staff:
(70% of B.S),N1,863,184.12

Entertainment:
(30% of B.S),N828,081.83.

Personal Assistants:
(25% of B.S),N621,061.12.

Vehicle Maintenance Allowance:
(75% of B.S),N1,863,184.12.

Leave Allowance:
(10% of* B.S),N248,424.55.

Severance Gratuity:
(300% of B.S),N7,452,736.50.

Car Allowance:
(400% of B.S),N9,936,982.00.

TOTAL MONTHLY SALARY:
N29,479,749.00 ($181,974.00).

TOTAL YEARLY SALARY:
N29,479,749.00 x 12 =
N353,756,988.00.

Average Salary of Nigerian worker as recommended as National
Minimum Wage is N48,000.00.

So,the yearly salary is
₦57, 000.00 x 12 = ₦684,000.00.

Remember,
Yearly Salary of Nigerian Senator = N353,756,988.00
(Three hundred fifty-three Million,seven hundred and fifty-six
thousand,nine hundred and eighty eight Naira.

Proportion:
₦353,756,988.00/ ₦684,000.00 = 517

It will take an average Nigerian worker 517 years to earn the
Yearly Salary of a Nigerian Senator.

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FORWARDED AS RECEIVED.

Shout out to my newest followers! Excited to have you onboard!

Roy Felix, Kayode Ayomide, Bobagunwa Ladaba, Asif Ali

Hello my people
I noticed some people are happy about the Student Loan.

Some even said "Tinubu can continue, he is taking hard decisions".

For that reason, I have decided to break down the smokescreen called Student Loan.

It's just an attempt to remove "Education Subsidy" without causing an uproar.

Now let's dive in:

Who qualifies for the Student Loan?

The simple answer is: NO BODY.

It's almost impossible for you to qualify for the Student Loan and here is why.

1. An applicant or his parents must provide tax clearance: This is not totally bad till you see number 2.

2. The Applicant or his parents must be earning total income less than a year. Now slow down and do the maths.

To earn a year means that the husband and wife are earning less than #41,000 a month. That is #20,000 each.

While minimum wage is #30,000.

Which means if your both parents are earning, you are automatically disqualified because they are either earning more than #41,000 or they do not pay tax because you cannot pay tax on salary below minimum wage.

3. Now here is the high jump of the Act: These 2 people earning less than #50,000 will now have to provide a DIRECTOR IN CIVIL SERVICE and a LAWYER OF 10YEARS IN SERVICE as Guarantor.

Take into consideration, yourself doing good for your self, do you know a DIRECTOR in the Civil Service?

But that is not the worst part.

4. The Director and Lawyer has to surety that if you default, they will pay the loan.

Do you know what that means, NO DIRECTOR WILL TAKE SUCH SURETY.

But here is the worst part.

5. After you meet all these requirements, will you get the loan?

NO!

The Act said "Loan will be given when funds are available. In other terms, you are still at the mercy of the system"

In summary:

If you add your father and mother's income monthly, it must not be more than #41,000 a month or #500,000 a year.

Your father and mother must look for a Director in Civil Service to Surety your loan.

The Director will send his Payslip document to the Bank saying that if you fail to pay, he will pay. Who will do this one for you?

Did I tell you that the Bank MD will be the one to give approval? Bank MD !

Did I also tell you that if you don't start repaying after 2years of graduation, you will go to jail 😩

Many graduates have not even gone to NYSC in 2years after graduation.

The worst part now is: School Fees will go up above the loan amount because Federal Government has announced that they cannot continue to fund University.

So if you are reading this, you are not qualified for the Loan,
Called Student loan.

Pls Like share and follow. My page for more thank you