Nigerian Vice President’s Salary and Allowances: Full Breakdown Approved by FG

Key Highlights

• Total annual compensation: ₦12,126,290 (₦1,010,524 monthly)
• Basic salary: ₦3,031,572.50 annually (₦252,631.04 monthly)
• Hardship allowance: ₦1,515,786.25 annually (50% of basic salary)
• Consistency allowance: ₦7,578,931.25 annually (250% of basic salary)

Detailed Compensation Structure

The Federal Government of Nigeria has officially disclosed the complete salary package for the office of the Vice President, providing transparency about the financial remuneration of this high-ranking position.

According to data from the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), the Vice President’s compensation includes:

Core Salary Components

The foundational annual basic salary stands at ₦3,031,572.50, which breaks down to ₦252,631.04 per month. This forms the base of the Vice President’s official earnings.

Significant Allowances

The compensation package includes several substantial allowances:

• Hardship Allowance: ₦1,515,786.25 annually (₦126,315.52 monthly) – recognizing the demanding nature of the office
• Consistency Allowance: ₦7,578,931.25 annually (₦631,577.60 monthly) – the largest component of the package

Additional Benefits

The Vice President also receives several other benefits including:

• Vehicle fueling and maintenance allowance
• Special assistant and personal assistant support
• Domestic staff allowance
• Entertainment allowance
• Utilities allowance
• Security provisions
• Newspaper and periodical allowance

Comparative Executive Compensation

For context, the Nigerian President receives an annual salary of ₦14,058,820 (₦1,171,568 monthly), while state governors earn ₦7,782,968 annually (₦648,581 monthly), as disclosed by RMAFC Chairman Muhammed Shehu.

This comprehensive compensation package ensures the Vice President has adequate resources to effectively discharge the responsibilities of the office while maintaining appropriate standards of living and security.

Source: Legit.ng