The Minister of Budget and Economic Planning, Atiku Bagudu, says he and his colleagues earn less than N1 million as a monthly salary.
Bagudu spoke on Saturday during an interview on Channels Television.
While answering a question on the monthly take-home of ministers, Bagudu said the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) determines their salaries.
“Ministers, like every public official, have a payment that is determined by Revenue Mobilisation Allocation and Fiscal Commission,” he said.
“I have one official vehicle. I don’t even use it because I have a Camry that I enjoy driving. As minister of budget, I want to lead by example.
“In terms of how much a minister is paid by RMFAC, it is less than a million naira as salary.”
Asked how much ministers received as allowances, Bagudu responded: “I don’t know of any defined allowance that a minister has, but I might be wrong.”
“This is published, and I can share it with you because it is determined by RMFAC; there is nothing additional to that for a minister,” he added.
The minister admitted that the cost of governance is “worrisome,” adding that he sees the “kitty” and how the country’s finances are allocated.
