The newly sworn in members of the 8th National Assembly will be entitled to a hefty wardrobe allowance of N8.64 billion when they officially resume on the 23rd of June after the two-week recess which they embarked on since the 10th of June. This sum is aside other allowances such as furniture, house and vehicle which the lawmakers are entitled to, for the entire four-year tenure.
The N8.64 billion wardrobe allowance when broken down 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.
According to the breakdown released, 109 senators, apart from the Senate President and his deputy, will be paid N4.05 million each as housing allowance which is for the duration of one year. This means that the 107 senators will be paid a total of N4.33 billion as housing allowance annually since both the Senate President and his deputy are provided official accommodation by the Federal Government.
However, 107 senators will get a total of N650,474,400
as furniture allowance. Just like wardrobe allowance, furniture allowance is paid once in four years. Each member of the House of Representatives will be paid N5,955,637.50 as furniture allowance. This means that 358 lawmakers, excluding the speaker and his deputy, will collect a total of N2,132,118,225 for furniture.
As regards the vehicle loan, each of the senators is entitled to N8,105,600, while each House member is entitled to N7,940,850.50, meaning that the 107 senators will collectively take N867,299,200 as vehicle loans while the 358 House members will get N2,842,824,479 for their vehicles.as furniture allowance. Just like wardrobe allowance, furniture allowance is paid once in four years. Each member of the House of Representatives will be paid N5,955,637.50 as furniture allowance. This means that 358 lawmakers, excluding the speaker and his deputy, will collect a total of N2,132,118,225 for furniture.
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