NewStats: 3,261,866 , 8,175,400 topics. Date: Friday, 30 May 2025 at 08:18 PM 5x376l

The National Assembly’s proposed N30.17bn severance package exceeds the Revenue Mobilisation and Fiscal Allocation Commission’s provision by about N27.36bn, Sunday PUNCH has learnt.

Earlier, it was reported that the Senate President, Ahmad Lawan; the Speaker of the House of Representatives, Femi Gbajabiamila and other lawmakers in both chambers of the National Assembly would get N30.17bn as a severance package.

A severance package or gratuity is the money paid to lawmakers after their four-year tenure in office.

The provision was contained in the 2023 Appropriation Bill the National Assembly ed and signed by the President, Major General Muhammadu Buhari (retd).

However, Sunday PUNCH checks indicate that the National Assembly were allocated about N2.81bn, with senators getting N664.94m while House of Representatives would be paid N2.15bn.

The president of the Senate would receive N7.45m, the deputy senate president, N6.93m and the other 107 senators would get N6.08m each.

The Speaker of the House of Representatives is expected to receive N7.43m, the deputy speaker N6.86m and the 358 N5.96m each.

The severance package of the lawmakers was collated from a document obtained from the website of the RMAFC.

According to the RMAFAC, political office holders were entitled to 300 per cent of their annual salary as a severance package.

Going by RMAFC’s recommendation, the lawmakers were supposed to receive N2.81bn instead of the N30.17bn budgeted by the National Assembly.

However, The PUNCH observed that the severance allowance was separate from other financial packages, which may be in place as retirement benefits or pensions for some of the political office holders.

The ninth National Assembly’s severance package was N7bn higher than what was approved by the Senator Bukola Saraki-led eighth assembly.

At the twilight of the Saraki-led assembly, the sum of N23.68bn was approved as a severance package for lawmakers at the time.

However, Lawan and Gbajabiamila claimed the N30.17bn would also cover the inauguration of the 10th assembly.

The sum of N10 billion was earmarked for the construction of the National Assembly Service Commission building and N2.5bn was set aside for the completion of the National Institute for Legislative and Democratic Studies headquarters located along Airport Road in Abuja.

In the N967.48bn statutory transfers, the Senate got N33.27bn and the House of Representatives got N51.99bn.

In a statement in October, RMAFC said it would begin the process of reviewing the remuneration for political, public and judicial office holders in the country.

In a telephone conversation with our correspondent, the commission’s spokesperson, Nwachukwu Christian, said that the Commission would consult with stakeholders with a view to reviewing public office holders’ pay.

He said that the agency would engage critical stakeholders to determine if the remuneration for political, public and judicial officeholders should be increased or decreased.

In June last year, the former Chairman of RMAFC, Elias Mbam, said the commission had completed plans to begin the review of the revenue allocation formula.

The review was targeted at the equitable distribution of the accrued revenue into the Federation to the three tiers of government and it was to be concluded before the end of 2021.

However, the commission failed to meet its deadline in 2021 and ended up submitting its report of the review of the vertical revenue allocation formula to the President, Major General Muhammadu Buhari (retd.), in April last year.

In the report, the proposed vertical revenue allocation formula was 45.17 per cent for the Federal Government, 29.79 per cent for state governments and 21.04 per cent for the local governments.

https://punchng.com/lawmakers-planned-severance-packages-exceed-rmafc-provision-report/?amp

The scam house Assembly

You mean the House Of Rubber-stamps? Because they aren't representing anyone but themselves and whoever is in power

But na Obinna be Kunle problem.

Hate will soon consume fools in this country while politicians continue to cash out and send their children abroad.

The funniest part is these politicians even acquire multiple foreign ports for themselves and their children, then come to Nigeria to steal to fund their lifestyle. Yet, fools will still gather to worship them and bash anyone not doing the same.

Awon oloriburuku. See what they are preparing for themselves. To be sincere, Nigeria can never get better untill we do away with these cancerworms and plunderers pervading our polity. We need independent person to rescue us, if not we are in deep mess.

Your best real Estate Agency in Abuja

This modest though but this politicians doesn't deserve gratuity n severance package. There pockets is loaded already, Just for a four years service.

How to make blood money in Nigeria,








politics

Criminals last looting of the carcass of a dying nation.
All the of this disastrous 9th NASS stooges will forever go down in infamy.

This government is all about corruption....

When was the last time you heard fighting corruption??

We must get it right this time around.

Peter Obi for president

Wow

I can also develop a website for you and teach you how to use it

Bunch of thieves

These are the thieves Agbado boys are hailing, they ransack your common wealth and all you do is clap and hail them like some cursed people tueh

O Po o!

May God help this country.

That's all I can say

Anybody ing these people deserve a shot walahi

ijustdey:


https://punchng.com/lawmakers-planned-severance-packages-exceed-rmafc-provision-report/?amp

..
This is nothing compared to the billions they steal while in office.cause they can't obviously afford the luxory they enjoy onsuch salaries stated above..

it's ok by me

The sums here are peanuts when you consider the considerable increases in the costs of goods and services under Buhari.

The Naira isn't the 199 to a dollar as it was in 2015. It's now 730.

Alright. . . . . . .Aje

Y dem no go die to go der. When dem come Abuja na to dey follow ashawo up and down.



Abeg

This country is full of shit. Where is the severance package for the poor masses. Anyways I don't blame any politician, I blame the stupid morons voting them in.

ijustdey:


https://punchng.com/lawmakers-planned-severance-packages-exceed-rmafc-provision-report/?amp

On top of this billions they will still not rest, Nigeria Politicians are the greediest sets of politicians in the world their hunger for money and power is undying and immeasurable

ijustdey:


https://punchng.com/lawmakers-planned-severance-packages-exceed-rmafc-provision-report/?amp

Kobonaire234 says there's no money. Nigeria is broke because nigerians aren't paying enough taxes and subsidy is Nigeria's problem. If Nigeria is broke where is this 30billion naira coming from?

Let's just keep financing the extravagance of politicians while Nigerians are taxed to finance social services

Until they scrap these useless HOUSES gulping our money or reduces their earnings to the bearest minimal the way private schools are dealing with Teachers and making people to run from teaching job, Nigeria can never get better!

Bogus severance pay for fighting on national television on a daily basis while primary school teachers wait endlessly to receive a monthly pension of less than 100K after wasting 35 years of their lives serving this horrible Government.

The elected thie:es
Ndo O

Yam eaters association

Sandazblack:
These are the thieves Agbado boys are hailing, they ransack your common wealth and all you do is clap and hail them like some cursed people tueh

That house consists of people from different political parties. Even if LP should get there, they get more than that. Politicians are all thesame.