Showing posts with label Economist. Show all posts
Showing posts with label Economist. Show all posts

Tuesday, July 23, 2013

Nigerian Lawmakers Are Highest Paid worldwide: See Report - The Economist



The jumbo salary being paid Nigerian legislators, which ranked the highest in the world, according to a new study, has attracted sharp criticisms from across the country, including from economists and lawyers.

“This democracy is satanic. We have to review this democracy. The cost of maintaining the lawmakers is outrageous. What they are taking is too much,” said Nigerian professor
This is even as the minimum wage in Nigeria is among the very least in the world. The standard of living for the average Nigerian is getting worse, but all those holding political positions are living large...


A report by The Economist revealed that Nigerian federal legislators with a basic salary of $189,500 (N30.6m) per annum were the highest paid lawmakers in the world.


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