PMB Set To Cut His Salary And Allowances To Reduce Cost of Governance.

Source heard it that President Muhammadu Buhari may have concluded plans to cut his own salary and reduce his personal allowances in fulfilment of his promise to reduce cost of governance.

It was gathered that the president expects his vice and all other political appointees to do like wise.

According to Punch, the president would have made his decision public but chose to consult with his close associates on how best to approach the issue without being seen as dictator.

President Buhari according to the Revenue Mobilisation Allocation and Fiscal Commission, will earn a monthly salary of N3, 514, 705, his allowance N1,757,350.50( 50% of his salary).

There is no information yet as to what percentage of the president’s salary will be reduced. But sources say that the president will reduce the State House budget.

The president also plans to reduce the appointment of aides and possibly implement the report of the Stephen Oronsaye-led Presidential Committee on the Rationalisation and Restructuring of Federal Government Parastatals, Commissions and Agencies.

Credit: naij