Senators and members of the House of Representatives will be sharing a total of N30.2 billion as severance allowance when the 9th National Assembly winds down next month, Also to benefit from the said sum are aides of the federal lawmakers. Severance package or gratuity is money paid to lawmakers and their aides at the end of their four-year tenure. The amount in question is already captured in the 2023 Appropriation Act passed by the National Assembly and assented to by President Muhammadu Buhari.
It represents 12.6 per cent of the N238.78 billion allocated to the National Assembly in the N21.8 trillion 2023 Appropriation Act.
The severance package is N7 billion higher than the N23.678 billion approved for the Eighth Assembly.
Of the N30.2 billion, Senate President Ahmad Lawan is expected to receive about N7.45 million while the Deputy Senate President, Ovie Omo-Agege, will receive N6.93 million.
Each of the remaining 107 Senators will go home with N6.08 million.
House of Representatives Speaker, Femi Gbajabiamila, is entitled to N7.43 million while Deputy Speaker Ahmed Idris Wase’s share is N6.86 million.
Each of the other 358 Reps will get N5.96 million.
The severance package of each of the 6,375 legislative aides depends on their salary grade.
Besides the money, the 469 lawmakers (including those re-elected) and some of their aides will go home with their official vehicles worth N5.5 billion.
This amount was part of the N125 billion budgetary allocation to the National Assembly in 2019.
They are also entitled to go home with some of their office equipment and consumables, including refrigerators, laptops and personal computers, among other entitlements.