Nigeria’s new ministers will be paid N487m as yearly remuneration according to the current framework for ministers of the federation, Punch reports.
Senior ministers will get N13m per month while junior ministers get N12m each.
The current remuneration of public office holders is guided by the Remuneration Act of 2007.
RMAFC had in June set in motion the process for the downward review of the existing salaries and allowances of political, public and judicial office holders when it inaugurated a committee chaired by Chairman of Remuneration Committee, Mr. Abdullahi Inde.
A review became imperative following dwindling government revenues occasioned by falling prices in the international oil market.
New packages prepared by a committee headed by Inde, had been ratified at a retreat held for commissioners of the agency, which was concluded recently in Owerri.