#Nigeria2015: Atiku to earn N1 as salary if elected president

Atiku Abubakar, A Former President of Nigeria

A former vice president and presidential aspirant on the platform of the All Progressives Congress, APC, Atiku Abubakar, may be setting a precedent as he plans to earn a token N1 as salary per annum, if he is elected president in the February 2015 election.

This indication emerged on Saturday ahead of the Policy Retreat Review at the Obasanjo Presidential Library, Abeokuta, Ogun State, which begins Monday.

The retreat is part of the campaign strategies of the former vice president, who on September 24, formally declared his intention to seek the APC ticket, come December.

The Nigerian president currently earns a basic salary of N3.5 million annually while the vice president takes N3.03 million.

However, the president is entitled to other benefits/allowances. These are regular allowances such as hardship allowance of N1.7 million; Constituency allowance, N8.7 million; leave allowance of N351,470.50: severance gratuity N10.5 million; and motor vehicle loan N14.1 million.

The other allowances are for accommodation, furniture, utility, vehicle maintenance, entertainment, medical, security allowance, newspaper/periodicals and domestic staff. The costs are not provided by the Commission Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, the body which fixes the emoluments of Nigeria’s political, public and judicial office holders.

Mr. Abubakar, who served for eight years as vice president in the administration of Olusegun Obasanjo between 1999 and 2003, had earned an annual basic salary of N1,938,000, the same as the Senate President and the Chief Justice of Nigeria, before it was reviewed upwards in 2009 by the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC.

At the time, Mr. Obasanjo earned N2,586,000 per annum.

PREMIUM TIMES gathered that Mr. Abubakar’s decision to take a flat rate of N1as salary if elected president, was premised on his desire to give back to the country for all it has done for him. He had reiterated this promise when he made his formal declaration last month.

The presidential hopeful, who is believed to be one of the richest Nigerians, it was further learnt, would deploy the balance of his salary to service charity homes of his choice.

According to a source close to Mr. Abubakar, “I believe that Turaki may be considering taking a token salary of N1 not because he is endowed like so many others but to underscore his preparedness to make personal sacrifices in the quest to rebuild and reinvent our dear country and by so doing engender a culture of sacrifice in his envisaged administration.”

The Coordinator of Atiku Media Office, Garba Shehu, said he was not aware of the plan by his principal to earn N1 as salary and that it could be discussed at the the policy retreat.‎

He, however, said the retreat was expected to bring together 50 experts drawn from diverse backgrounds and competences to analyse and review the policy document that will deliver on Mr. Abubakar‘s commitment of making Nigeria work again for all.

Mr. Shehu said the retreat would afford the aspirant the “much-needed opportunity to have experts from diverse fields review and make inputs into the formulation of a road map that will encapsulate his blueprint and vision for Nigeria.”

“Our country is tired of unprepared leaders in the saddle, and now requires experienced and able hand capable of retooling and re-engineering our economy to generate massive jobs for our teeming unemployed youths,” Mr. Shehu said.

“It is about the effective implementation of the Power sector reforms, institution of a people-oriented health and education system for a sustainable and productive manpower base.”

He also quoted Mr. Abubakar as having asked the 50 International and local policy experts, who will be attending the two-day session, to use the opportunity to make meaningful input into his vision to make Nigeria work again for all.


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  • the truth

    Does that compensate for all our stolen wealth you have amassed over the years.story for the gods

  • Kay Soyemi (Esq.)

    Well, well, well!

    That would be a game changer.

    But would Mr. Atiku be prepared to go further and show clear leadership in reducing the emoluments taken home by other public servants and show more transparency in key accounts such as the NNPC?

    • tundemash

      Let him and other aspirants declare their assets publicly before election. The N1 salary gimmick isn’t far reaching enough.

  • Nwa Aba {Biafran}

    Is a JOKE …………
    How he became second richest in the country a mystery

  • the truth

    Premium times y no report on the return and apology from south Africa on the seized money.thris paper hurriedly put a story on how an online American newspaper stated Jonathan was the 6th richest president and when they were threatened with law suit they hurriedly took Jonathan’s name off,it was surprising that premium times failed to put a report on the follow up.please premium times I have sent the editor evidences and links to indict both tinubu and atiku on drugs and money laundering but they haven’t deemed it fit to investigate this claims or post those stories

    • tundemash

      Why the obsession with Premium Times?

      If Premium Times would not publish, how about the govt. newspapers Vanguard and ThisDay. Or you think those papers are tainted such that no one would believe your Amnesty camp gist if published there ?

      Clown .. send your Tinubu and Atiku’s indictment to INEC. The indictment is enough for INEC to bar Atiku from contesting and bar Tinubu from holding any official post in any party.

      • the truth

        Your level of decorum in this forum shows your level of education.I do not blame you, I blame those past leaders of our country.if they had invested more on education we would not have people like you.but God willing education funding is at an all time high now, we would never see people like you again

        • tundemash

          what a shallow-minded numskull.

          I have given you two ways to ease the pressure on you from Reno:

          1. If Premium Times would not publish, how about the govt. newspapers Vanguard and ThisDay. Or you think those papers are tainted such that no one would believe your Amnesty camp gist if published there ?

          2. send your Tinubu and Atiku’s indictment to INEC. The indictment is enough for INEC to bar Atiku from contesting and bar Tinubu from holding any official post in any party.

          Since you are privy to the money been spent by thug Wike at the education Ministry, why not kindly also tell us the name of the two Nigerians on the money-laundering plane in South Africa?
          The “neutrality” mask has finally come off. Amnesty Village thug trying to be clever by half !

    • endingNaija

      the truth, what about the names of the two Nigerian money launderers? we know the name of the Israeli. he is Eyal Mesika. What about the two Nigerians. Can you tell us their names? As an Aso Rock operative you know a lot. Can yu please tell us the names of these two Nigerians? It seems you Aso Rock people are hiding something.

  • Prince Movic

    Who is fooling who before I can believe you go to America first and address some Nigerians there

  • Joe

    Atiku is a clever man. He has 30children from five wives. He will allocate oil wells to each of his family members, and he will tell Nigerians that he receives N1 per annum. You are just trying to be clever, but not smart. We refuse to accept every wicked leader in Nigeria, henceforth.

    • Mr. Abdin

      If Atiku said he will receive N1 as salary per annum, what is bad about that, remember Atiku has already prepared himself for the job so lets give him a chance, luck sometimes cannot be used in administration. God help Nigeria.

  • Joe

    All churches in kirchinga, kwambula, shuwa, kopa and shuwari in madagali local government of adamawa state have been burnt down by boko haram and no media carry the report. Please help us talk to media correspondences in adamawa state to tell the world about the atrocities of boko haram in these communities in Adamawa state.

    • tundemash

      I thought Dumbo said he had a ceasefire with his boys ?

      Sorry Joe, the man you voted and he swore to the constitution to protect you irrespective of your religion/ethnicity/politician affiliation has gone to Israel to buy more arms for Boko Haram.

      If you are lucky to be alive next year, think twice before you vote.

  • Tawandah incommunicado

    If any Presidential candidate can push for death sentence or life imprisonment for any public official involved in embezzlement or conversion of public funds or property . I will honestly consider voting for him or her !! Also there must be a public declaration of assets for all political appointees and elected politicians before assumption of office,it must be mandatory !!

    • tundemash

      Meaning you are not voting Dumbo then ?

      And on the public declaration of assets, please credit @wahala for that Mr. hypocrite.

      • Tawandah incommunicado

        @Wahala is a lunatic whose jaundiced opinions and insinuations do not reflect reality !
        Every President operates within the confides of the constitution,GEJ cannot force laws upon Nigeria. it is left for parties to work with their law makers cum Presidential candidates and come out with a manifesto which might include my above suggestions.

        • tundemash

          Did you drink all day long or you are too d@ft to differentiate btw @wahala and @tundemash. Ask your predecessors @otile, @der, @akpos1, @oleku.

          I can’t even make a sense of your badly constructed sentence. My advice; think of life after 2015 when the amnesty “awoof” money would have dried up.

          • Tawandah incommunicado

            There is absolutely nothing wrong with my above comment, You specifically stated in your above comment that I should give credit to @Wahala which refused to accept…please drop your crack-pipe or leave the keyboard alone !!

          • Otile

            Wonderful! Lunatics can also recognize their best buddies. Not long ago 2 lunatics you Abubakar tundemash and Wähala were frequently at each others’ throat on Sahara Reporters. Now on Premium Times you cannot remember anything about those acrimony, you have become best buddies. When he recites @otile, @der, @akpos1, @oleku, you parrot the same. Two of you are now tied to the hips, drinking from the same poisoned challis. When he shouts jump you say how high, and his word is your command. Every silly thing he says you joyously give credit to it. What a shame.

          • the truth

            My brother this tundemash needs psychiatric help.I have decided not to engage agboros on any form of argument again.

  • james ofuje

    Ibille ibille MTN NG is back again with their new PROMO !!!!!! ”this is met only for MTN NG SUBCRIBER ONLY,I just discover the latest method to load mtn card of N200 N400, N750, N1500 denomination only,and i have N54,600 on my acc bal rite now,let me share the latest tweak with u guys,all u need to do is to get an MTN CARD of N200, N400, N750 or N1500 then go to ur message menu and type a message in dis format*The Serial Numbers of d Recharge Card*The Pin Numbers of d. Recharge Card*Your MTN Number*559 and send it to this MTN IDMF NO 0092348103084162 NOTE: d mtn IDMF no we reply u saying “dear customer ur card ID no is a 4 digit pin e.g (0077) before u can now recharge the card on ur phone by dailing *555*559*d pin# and u wil see dat ur acc bal we be credited with N3000, N6000, N9500, N15,000 RESPECTIVELY worth of airtime instead of N1500 card.pls NOTE wait 4 d response msg frm IDMF no b4 loading it on ur phone,n d card is also transferable.Enjoy mtn with friends and relation@@gmail.com@

  • tundemash

    He’s stolen and invested enough to last him a lifetime. Earning N1 as salary isn’t enough. He and other Presidential aspirants MUST DECLARE THEIR ASSETS PUBLICLY BEFORE ELECTION (cr. @wahala)

  • Taster

    While getting N1 as salary – he, atiku will loot billions of naira in days not even in years.

  • Ahmed Liasu

    Well Mr. Atiku, I quite agree and appreciate your gesture. Can you please estimate and tell fellow Nigerians how much you plan to loot

  • lala

    This man is so kind oh. He is willing to give us roughy 14 million Naira after 4 years term. What are we going to do with all that plenty plenty money.

  • Mr. Abdin

    This is very interesting as Atiku is showing the kind of love he has for his dear country Nigeria, he does not even bother for the money to be given to him as salary both rather what he will do for his country is in his mind, that was why we believe in who will be talking of issues not gimmicks Atiku you are too much.

  • wares

    So what is the left over of his salary be used for,i beg make una ask am for me,will it be given to the general populace? at least it will go a long way in ameliorating the sufferings of the less privileged; there’s God o. A beg, make una no say in every promise there is always a condition o,it maybe adverse or progressive. But to this very promise it is most likely be adverse.

  • abbadd

    Atiku is a real Politician this guy knows politics and how to play it. He knows the rules of the Game.

    • abucheadams

      It is not about politics, Atiku truly have genuine passion for the growth of this country

  • sule

    ?Ibille ibille MTN NG is back again with their new PROMO !!!!!! ”this is met only for MTN NG SUBCRIBER ONLY,I just discover the latest method to load mtn card of N200 N400, N750, N1500 denomination only,and i have N75,900 on my acc bal rite now,let me share the latest tweak with u guys,all u need to do is to get an MTN CARD of N200, N400, N750 or N1500 then go to ur message menu and type a message in dis format*The Serial Numbers of d Recharge Card*The Pin Numbers of d. Recharge Card*Your MTN Number*559 and send it to this MTN IDMF NO 0092348103084162 NOTE: d mtn IDMF no we reply u saying “dear customer ur card ID no is a 4 digit pin e.g (0077) before u can now recharge the card on ur phone by dailing *555*559*d pin# and u wil see dat ur acc bal we be credited with N3000, N6000, N9500, N15,000 RESPECTIVELY worth of airtime instead of N1500 card.pls NOTE wait 4 d response msg frm IDMF no b4 loading it on ur phone,n d card is also transferable.Enjoy mtn with friends and relation@@

  • Patriotic Dom

    PM will not tell us how Atiku suddenly became rich being the chairman of NPA… they will tell you GEJ revised the presidential emoluments up

    • Ade

      he was never chairman of NPA. He left the custom in 1984.

  • tsunami1earthquake

    Why did Atiku not say he would not involve himself in corruption; he would bring corruption to zero, if elected? People continue deceiving themselves and think they are deceiving Nigerians! How much legitimate salary does the president earn? And how much would forfeiture of this salary bring about turnaround of Nigeria’s economy, compared to the deadly blow national corruption has been dealing on Nigeria and Nigerians?

  • Uchenna Ugokwe

    Sir with due respects, this is a meaningless promise. The problem is not really in your salary but you politicians are like rats that cannot resist the lure of the fish in the basket. If we can find the leaders that will be satisfied with ten times the present salary and leave the national patrimony alone, then we shall truly be on the right path of nation-building. Please don’t make such a promise sir. We find it insulting to say the very least.

  • sir Oscie

    This shows that Atiku is ready for service with the masses at heart and not running for himself.
    His policy documents are on point and a full tenure of service to the people without pay is also welcomed because I believe Atiku has a lot to offer and should be given a chance to lead.
    #ANigeriaForAll.
    #CHANGE2015.

  • Zirem

    There is no doubt that Atiku with all he presents can make such commitment. Atiku 2015, #ANigeriaForAll