Indeed, there is two sides to every coin. You will see this popular saying play out in this article about the salary increment for judicial officers in Nigeria.
As we speak, the bill for this increase has scaled second reading in the Senate.
The bill, entitled: “A bill for an act to prescribe the salaries, allowances and fringe benefits of judicial office holders in Nigeria and for related matters (2024),” scaled second reading during plenary on Thursday, May 9, 2024.
It was thereafter referred to the necessary committee for further legislative action.
The bill seeks to upgrade the monthly package of the Chief Justice of Nigeria (CJN) to 5.39 million Naira.
Similarly, the bill also provides a total package of ₦4.21 million for Justices of the Supreme Court.
More Increase
Subsequently, the president of the Court of Appeal is to earn a total monthly package of ₦4. 48 million.
Furthermore, the Justices of the Court of Appeal are to earn a total monthly package of ₦3.73 million.
Meanwhile, the Chief Judge of the Federal High Court, President of the National Industrial Court, Chief Judge of the FCT High Court, Grand Khadi, FCT Sharia Court of Appeal, President of Customary Court of Appeal, Chief Judge of State High Court and Grand Khadi of State Sharia Court of Appeal and President of State Customary Court of Appeal are to earn a monthly package of ₦3.53 million.
Other allowances not embedded in the total monthly package include leave allowances, estacode per night of $2000 when applicable, duty tour allowances when applicable, severance gratuity of ₦80.78 million after successful completion of tenure as well as an option of motor vehicle loan to be repaid before the expiration of tenure.
Executive Bill
As we speak, the bill for this increase has scaled second reading in the Senate.
The bill was sponsored in the Senate by the deputy majority leader, Senator Ashiru Yisa (APC-Kwara South).
After taking contributions from lawmakers on Thursday, the bill was put to a voice vote by Senate President Godswill Akpabio.
Thereafter, it was referred to the Committee on Judiciary, Human Rights, and Legal Matters for further legislative input and to report back in four weeks.
Now, those are people on one side of the coin.
On the other side of the coin, are the masses. We mean people whose earnings are in most cases below ₦100,000.
The Other Side Of The coin
As we speak, these people have recently got a 0.5% cybersecurity levy on all electronic transactions.
Also Read: FG Approves Salary Increase For Port Workers
This was the new directive of the Central Bank of Nigeria (CBN).
It was at this point that many Nigerians gave up on being a Nigerian.
Who wouldn’t get angry?
