The newly inaugurated members of the National Assembly are to receive N8.64 billion as Wardrobe allowance next week. According to ThisDay, N8.64 billion wardrobe allowance translates to N17.5 million for each of the 360 members of the House of Representatives and N21.5 million for each of the 109 senators. This is asides the other allowances they are entitled to which includes furniture, housing and vehicle.
While the wardrobe allowance will cover the entire four-year tenure that they will be in office, their housing allowances are to be paid on a yearly basis. Based on the approval of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), the housing allowance for political office holders is usually 200 per cent of their annual salaries, the furniture allowance is 300 per cent of annual salaries, while a motor vehicle loan is pegged at 400 per cent of their annual salaries.
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