President Barack Obama’s total pay last year was $400,000, which is about $34,000. The pay package of the world’s most powerful leader was revealed Friday as America’s First Couple revealed their tax filings for 2012.
With President Obama already pledging a 5 per cent pay cut, the couple’s income will most likely head southwards in 201
In Naira terms, Obama earns about N64million yearly from his work as the President of the United States of America, a country three-tenths the size of the African continent.
The revelation immediately forces a comparison with the obscenely jumbo pay Nigeria’s lawmakers receive.
Nigerian senators currently draw a scandalous N180 million illegal allowance each annually, making them the world’s highest paid lawmakers.
This excludes their basic salary – a far lesser figure -and essential allowances approved by the Revenue Mobilization, Allocation and Fiscal Commission.
It also does not include allowances and estacodes the senators draw while on committee work within and outside the country.
A member of the House of Representatives also receives N144 million as allowances.
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