N3.24 Billion has been put aside for President Goodluck Jonathan, Vice President Namadi Sambo, non-returning federal lawmakers, ministers and presidential aides as severance pay.
PUNCH reports that the President, Vice President and non-returning Senators will get 300% of their annual salaries as severance pay. For President Jonathan who earns over N3 million in salary, he will get N10 million after May 29.
For Vice President Namadi Sambo who earns N3, 031,572.50 in salary, this means that his severance allowance after May 29 is N9 million. For each senator, the severance pay will be N6 million. As there are 76 of them, a total of N462 million has been set aside.
Each of the 290 House of Representative members are to get a little under N6 million and therefore, N1.7 billion has been set aside for that. The 32 senior ministers in Jonathan’s cabinet are to get N6 million while the state ministers are to get N5 million each.
But that is not all by a long stretch. There are23 special advisers to the president, and another estimated 110 who work with the vice-president, the First Lady (Patience Jonathan) and special advisers that are designated either as senior special assistants or special assistants to the president.
This means that there are about 133 aides to the president and each of them is entitled to 300 per cent of their annual basic salary which amounts to N5, 828,625.
Easy to see why the Nigerian democracy has been identified as one of the costliest in the world as a result of a large number of political office holders.