Post by Henry Emeka (@Emekus)

Respectfully Monthly Salaries of President Tinubu and Minister of Finance Taiwo Oyedele
According to the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), the official monthly salaries for political office holders in Nigeria are less than ₦1.5 million for the President and less than ₦1 million for ministers

President Bola Tinubu
Monthly basic salary: ₦1,171,568 (₦1.17 million) Pulse Nigeria

Annual basic salary: ₦14,058,820

Total annual salary (basic + allowances): ₦106,870,584 Leadership News

Allowances: Hardship (50% of basic), consistency (250% of basic), leave, estacodes, duty tour, security, accommodation, utilities, furniture (paid every 4 years), staff, vehicle maintenance, and others Leadership News.

Annual consolidated allowances: Over ₦7.5 million Leadership News.

Minister of Finance – Taiwo Oyedele
Monthly basic salary: ₦650,135.99 Legit.ng

Annual basic salary: ₦2,026,400 Legit.ng

Allowances: Vehicle fueling, personal assistance, domestic staff, entertainment, utilities, monitoring, newspapers, and others Legit.ng.

Four-year total salary + allowances: ₦31.2 million per minister Legit.ng.
Context
The RMAFC has repeatedly stated that these figures are basic salaries only and do not include all operational costs or allowances. The commission has also indicated that the current pay levels, fixed over a decade ago, are outdated and under review due to Nigeria’s economic realities Legit.ng+1.

In summary:

President Tinubu: ~₦1.17M basic/month (total annual salary ~₦106.87M)

Minister of Finance (Taiwo Oyedele): ~₦650K basic/month (total annual salary ~₦2.03M)

These amounts exclude all allowances and benefits, which can significantly increase the total cost of holding office.

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