Showing posts with label Economist magazine. Show all posts
Showing posts with label Economist magazine. Show all posts

Wednesday, 24 July 2013

Nigerian Law Makers, Highest Paid In The World


The huge and large amount being paid as salary to the country’s legislators, which is ranked the highest in the world, according to a new study, has attracted criticisms from Nigerians across the country, including economists and lawyers. The Economist magazine revealed that Nigerian federal legislators with a basic salary of $189,500 per annum (N30.6m) were the highest paid lawmakers in the world.

Report gave that; the basic salary (which excludes allowances) of a Nigerian lawmaker is 116 times the country’s GDP per person of $1,600. The $189,500 earned annually by each Nigerian legislator is estimated to be 52 per cent higher than what Kenya legislators, who are the second highest paid lawmakers, earned.