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Bagudu: Ministers earn less than N1m as monthly salary

Atiku Bagudu, minister of budget and economic planning.

Atiku Bagudu, minister of budget and economic planning, says he and his colleagues earn less than N1 million as a monthly salary.

Bagudu spoke on Saturday during an interview on Channels Television.

While answering a question on the monthly take-home of ministers, Bagudu said the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) determines their salaries.

“Ministers, like every public official, have a payment that is determined by Revenue Mobilisation Allocation and Fiscal Commission,” he said.

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“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.”

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“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.

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