The Chairman, Revenue Mobilisation, Allocation and Fiscal Commission, Engr. Elias Mbam has stated that the Commission was currently reviewing the remuneration of parliamentarians and other political office holders in line with the reality of Nigeria’s economy.
The Chairman and the Board members of the Commission who paid a courtesy visit to the Senate President Wednesday in Abuja hinted that it became necessary for entitlements of political office holders especially the National Assembly to be reviewed downward in view of economic crunch bedevilling the country.
According to him, the review of 2008 Act of Revenue Mobilisation and Fiscal Commission fell within the powers of the Commission.
He called for the partnership and cooperation of the upper legislative chambers to move the nation forward despite financial lull of the country.
He gave a highlight of wardrobe allowance of a Senator as 25% of his annual basic salary which stands at N506,600.00 per annum.
While congratulating Dr Bukola Saraki for his emergence as the Senate President, he expressed optimism on his ability to lead the upper legislative chamber with dexterity and antecedents as former governor of Kwara State was not in doubt.
Responding, the Senate President acknowledged the challenges facing the Commission in discharging their statutory responsibilities.
He promised that the 8th Senate under his leadership would at its best offer assistance to strengthen the Commission, especially in the area of revenue generation and allocation which is their core assignment.