Minister of Budget and Economic Planning, Atiku Bagudu, has revealed that he and his colleagues earn less than N1 million every month as salary.
Bagudu made the revelation on Saturday, during an interview on Channels Television.
The minister said the the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) determines what they take home at the end of every month.
“Ministers, like every public official, have a payment that is determined by Revenue Mobilisation Allocation and Fiscal Commission”, he said.
“I have one official vehicle. I don’t even use it because I have a Camry that I enjoy driving. As minister of budget, I want to lead by example.
“In terms of how much a minister is paid by RMFAC, it is less than a million naira as salary”.
Asked how much ministers received as allowances, Bagudu responded: “I don’t know of any defined allowance that a minister has, but I might be wrong.”
“This is published, and I can share it with you because it is determined by RMFAC; there is nothing additional to that for a minister,” he added.
The minister admitted that the cost of governance is “worrisome,” adding that he sees the “kitty” and how the country’s finances are allocated.
