N29m monthly for senators too small– Elisha Abbo

Former Senator Elisha Abbo recently made headlines with his controversial remarks about the earnings of Nigerian senators. During an interview on Arise Television, Abbo disclosed that senators currently earn N29 million monthly, including allowances. However, he downplayed the significance of this amount, stating that it is "not a lot of money" despite the public perception.

Abbo shared insights from his own experience as a senator, revealing that while his official salary was just over one million naira, he took home a much larger sum of N14.4 million each month due to various allowances. He emphasized that, despite the seemingly large figures, the money pales in comparison to what he earns from his business ventures.

"29 million looks big just on paper," Abbo remarked, stressing that his perspective comes from a place of honesty. He argued that the perception of senators being overpaid is fueled by a lack of understanding of the financial demands of the role. According to him, the National Assembly is an institution that has been heavily criticized, and he feels that the vilification is often misplaced.

Abbo's comments sparked debate, particularly given the economic challenges facing Nigeria. Many Nigerians struggle to make ends meet, and the idea of a senator earning N29 million monthly can seem exorbitant. However, Abbo stood by his statement, asserting that the amount is not "humongous" when considering the responsibilities and expectations placed on lawmakers.

He also touched on the broader issue of the National Assembly's image, lamenting that the institution has been subjected to widespread criticism, often without a full understanding of the complexities involved in governing a nation as diverse and populous as Nigeria. "I have been a member of that vilified institution for five years," Abbo said, underscoring his firsthand experience with the challenges and misconceptions that come with being a senator.

Watch the video below:

“Earning N29 million a month isn’t a lot of money. I became poorer when I quit my successful business to become a senator”

~ Senator Ishaku Abbo

pic.twitter.com/DIyrqk7OEP — Nigeria Stories (@NigeriaStories) August 19, 2024