Blog Archives
Occupy Nigeria: The oil subsidy removal protests
Since the discovery of crude oil at Oloibiri, Bayelsa State, Nigeria in 1956, and Nigeria joining the world oil producers in 1958, there has been nothing but corruption, exploitation and greed plaguing the country. On Sunday the 1st of January 2012 just as as the world woke up to a new year, Nigerians woke up to the news of the removal of oil subsidy which increased the pump price of petrol from ₦65 (0.26p) per litre to ₦141 (0.60p which is a 116.9% increase). Also worth knowing is the fact that this amount could be as much as ₦200 (0.80p) per litre at the black market for most Nigerians. This increase in pump price has not been cushioned by an equal (and reasonable) increase in the minimum wage which is presently at ₦18,000 (£71) per month.
Below is a breakdown of what a Nigerian senator earns quarterly:
What a Senator Earns In Nigeria – N29, 479,749. 00 (£117 418.3773) Per Quarter .
Basic Salary – N2, 484, 245.50(£9 894.7951)
Hardship Allowance @ 50% of Basic Salary – N1, 242,122.70(£4947.3973)
Constituency allowance @ 200% of BS – N4, 968,509.00(£19789.6619)
Furniture Allowance @ 300% of BS – N7, 452,736.50(£29 684.3852)
Newspaper allowance @ 50% – N1, 242,122.70(£4947.3973)
Wardrobe allowance @ 25% – N621, 061.37(£2473.6987)
Recess Allowance@ 10%: – N248, 424.55(£989.4795)
Accommodation @ 200% – N4, 968,509.00(£19 789.6619)
Utilities @ 30% – N828, 081.83.( £3 298.2617)
Domestic Staff @ 35% – N863, 184.12.00(£3 438.0781)
Entertainment @ 30% – N828, 081.83(£3 298.2650)
Personal Assistance @ 25% – N621, 061.37.(£ 2 473.6973)
Vehicle Maintenance Allowance @ 75% – N1, 863,184.12(£7 421.0958)
Leave Allowance @10% – N248, 424.55. (£989.4795)One off payments
Severance Gratuity) @ 300% – N7, 452,736.50(£29 684.3852) (Once they get fired.)
Motor Vehicle Allowance @ 400% of BS – N9, 936,982.00 (£39 579.1803)
Total = N29, 479, 749.00(£117 418.3773) x 109 Senators which Totals N 3,264,329,264(£13 001 882.9213. 10) PER QUARTER(figures culled from thestreetjournal.org)
The Salary of the President of the United States has however been put at $250,000 per annum
P3UX75G5S8TC
This has lead up to the present ongoing oil subsidy removal protest which has gradually but constantly spread across Nigeria and in the past few days across the Atlantic into the Diaspora as a sign that the masses have had about enough of being taken for a ride. Maybe it`s high time the The president “Goodluck”(yeah right) Jonathan, Okonjo iweala et al start walking the walk and talking the talk, lead by example not by instruction.
As usual, your comments on this post are expected and will be appreciated.
Check out the attached video of the recent protest at the Nigerian Embassy, London by Factory78 a friendly media site. The revolution WILL be televised (Sorry Gil-Scott Heron)
