President Muhammadu Buhari and Vice President Yemi Osinbajo, have cut their salaries by 50 per cent.
Their decision was contained in a statement issued on Friday by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu.
The President’s current annual remuneration as approved by the Revenue Mobilisation Allocation and Fiscal Commission is N14, 058,820.00 but President Buhari will now earn about N7million annually.
The statement was however silent on allowances.
Shehu said the President’s decision to cut his salary by half had been conveyed to the Office of the Secretary to the Government of the Federation on Friday by the Permanent Secretary of the State House, Mr. Nebolisa Emodi.
The letter read: “I write to forward the completed IPPIS registration form of Mr. President and to draw your kind attention to Mr. President’s directive that only 50% of his salary be paid to him”
Shehu said Osinbajo had similarly given up half of his official remuneration.
He however did not disclose the reason behind the decision in his statement.
Buhari had on Wednesday turned down an offer by the Federal Government to procure five new armoured Mercedes Benz S-600 (V222) cars for his use.
The cars, which total cost is put at about N400m, were planned to be purchased by the State House.