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.
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