Sign Up to Our Newsletter

Be the first to know the latest updates

Politics

Economic Hardship: Reps Reduce Salaries by 50% to Ease Citizens’ Burden

Members of the House of Representatives have decided to cut their salaries by 50 percent for the next six months.

 

This initiative aims to mitigate the economic hardship and hunger affecting many citizens nationwide.

 

During a session on Thursday, lawmakers unanimously agreed to the salary reduction to support the Federal Government’s efforts in tackling the soaring cost of living.

 

The resolution followed the adoption of an amendment to a motion moved by Deputy Speaker Benjamin Okezie Kalu.

 

Kalu called for the sacrifice, emphasizing the need for lawmakers to contribute significantly to easing the economic burden on Nigerians.

 

Kalu’s proposal amended a motion originally brought forward by Rep Isiaka Ayokunle.

 

Ayokunle’s motion urged proponents of planned nationwide protests to abandon their plans and instead engage in dialogue with the government.

 

However, Kalu introduced the amendment suggesting a 50 percent salary cut for the lawmakers, which would be directed towards alleviating the rising cost of foodstuffs and other essentials.

 

In his address, Kalu stated, “This salary cut will be channeled to supporting the Federal Government’s efforts to address the rising cost of foodstuffs in the country with the view to cushioning the effects of the hardship confronting Nigerians.”

 

He highlighted that this decision underscores the lawmakers’ dedication to supporting their constituents during these challenging times.

 

With this decision, each of the 360 members of the House of Representatives will sacrifice half of their N600,000 monthly salary, amounting to N108 million monthly for the next six months.

 

This collective sacrifice will total N648 million over the half-year period, representing a significant contribution towards the country’s economic stability.

 

The motion was swiftly adopted by the lawmakers and subsequently referred to the committees on Humanitarian Affairs, Finance, and Budget for implementation and compliance.

Timeless Update Reporter

Timeless Update Reporter

About Author

With a wealth of experience in journalism and digital media, we bring a keen eye for detail and a commitment to excellence. We ensure that every article meets the publication's standards of quality and accuracy. Our dedication to journalistic integrity and strategic editorial guidance contributes to Timeless Update's reputation as a trusted source of news and information.

Leave a Reply

Welcome to Timeless Update, where we curate and deliver the latest news and trends with a touch of timeless elegance. 

Get Latest Updates and big deals

    Join us on a journey of discovery and enlightenment as we explore the past, present,

    Timeless Update @2023-2024. Developed by Dozen.com.ng . All Rights Reserved.