The salary of the President of Nigeria is ₦14,058,820 a year in regular remuneration, according to the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC). That amounts to ₦1,171,568.20 a month. The President’s basic salary is ₦3,514,705 a year, or ₦292,892.08 a month.
President Bola Ahmed Tinubu currently holds the office. The RMAFC remuneration package applies to the presidential office.
Meanwhile, RMAFC completed a review of political and public office holders’ remuneration in 2026. The commission submitted its recommendations to Tinubu on 1 July 2026.
Salary of the President of Nigeria
RMAFC separates the President’s basic salary from regular allowances. The basic salary stands at ₦3,514,705 a year, while regular remuneration totals ₦14,058,820 a year.
| Presidential pay | Amount |
| Basic salary per month | ₦292,892.08 |
| Basic salary per year | ₦3,514,705 |
| Regular remuneration per month | ₦1,171,568.20 |
| Regular remuneration per year | ₦14,058,820 |
The RMAFC schedule covers political, public and judicial office holders and lists the remuneration package used for the presidential office.
RMAFC also has the constitutional responsibility to determine appropriate remuneration for political office holders.
President of Nigeria Salary and Allowances
The regular remuneration package includes the basic salary and regular allowances. RMAFC lists hardship and consistency allowances at fixed percentages of the basic salary.
| Allowance | Rate | Annual amount |
| Hardship allowance | 50% of basic salary | ₦1,757,350.50 |
| Consistency allowance | 250% of basic salary | ₦8,786,762.50 |
| Leave allowance | 10% of basic salary | ₦351,470.50 |
In addition, RMAFC lists motor vehicle fuelling and maintenance, special assistant, personal assistant, domestic staff, entertainment, utilities, security and newspapers or periodicals among the regular remuneration items.
RMAFC does not assign separate fixed naira amounts to several of those items in the schedule. Therefore, those items should not receive made-up figures.
Other Benefits of the President of Nigeria
The President receives benefits outside the regular monthly remuneration.
RMAFC lists accommodation, furniture, Duty Tour Allowance, Estacode and medical provision separately from regular remuneration. Furniture applies once every four years, while Duty Tour Allowance and Estacode apply when the relevant official duties require them.
The package also provides a severance gratuity of ₦10,544,115, equal to 300% of basic salary, after successful completion of tenure.
In addition, the President can access a motor vehicle loan of ₦14,058,820, equal to 400% of basic salary. The loan requires repayment before the end of the tenure, so it does not form part of salary income.
Bola Tinubu Salary as President
Bola Tinubu receives the remuneration attached to the office of the President.
The current RMAFC schedule therefore applies to his presidential pay. His remuneration under the existing schedule consists of the basic salary and regular allowances listed for the office.
Tinubu became President on 29 May 2023 after winning the 2023 presidential election.
Who Determines the Salary of the President of Nigeria?
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) determines remuneration for political office holders under its constitutional mandate.
The commission’s responsibilities cover the President, Vice President, governors, legislators and other political office holders.
RMAFC also reviews the remuneration framework when required.
Latest RMAFC Salary Review in 2026
RMAFC completed its latest remuneration review in 2026 and submitted its recommendations to President Bola Tinubu on 1 July 2026.
The commission had started the review after concerns about the existing remuneration structure and its long period without an adjustment.
However, the July 2026 submission did not automatically replace the existing salary schedule. The published RMAFC figures therefore remain the reference figures for the current remuneration package until a new package takes effect.
President of Nigeria Salary Compared With Other Political Office Holders
The RMAFC remuneration figures also provide a basis for comparing the President with other political office holders.
| Political Office | Annual Remuneration | Monthly Equivalent |
| President | ₦14,058,820 | ₦1,171,568.20 |
| Vice President | ₦12,126,290 | ₦1,010,524.17 |
| Senator | ₦12,766,320 | ₦1,063,860.00 |
| Minister | ₦7,801,640 | ₦650,136.67 |
| Governor | ₦7,782,968 | ₦648,580.67 |
The figures cover the remuneration categories used in the respective published schedules and should not be treated as basic salary figures for every office.
How Much Does the President Earn During a Four-Year Term?
Four years of the current regular remuneration equals ₦56,235,280.
₦14,058,820 × 4 = ₦56,235,280
The calculation excludes payments that RMAFC treats separately, including applicable travel allowances, medical provision, furniture and severance gratuity.
After successful completion of tenure, the RMAFC schedule lists a severance gratuity of ₦10,544,115.
Frequently Asked Questions: Salary of the President of Nigeria
What is the salary of the President of Nigeria?
The President’s regular remuneration is ₦14,058,820 a year, or ₦1,171,568.20 a month, under the existing RMAFC schedule.
What is the basic salary of the President of Nigeria?
The basic salary is ₦3,514,705 a year, equivalent to ₦292,892.08 a month.
How much does the President of Nigeria earn per month?
The regular monthly remuneration is ₦1,171,568.20.
How much does the President of Nigeria earn per year?
The regular annual remuneration is ₦14,058,820.
What is Bola Tinubu’s salary?
Tinubu receives the remuneration attached to the office of the President under the applicable RMAFC schedule.
Does the President receive allowances?
Yes. RMAFC’s package includes regular allowances and separate benefits covering hardship, consistency, leave, accommodation, furniture, official travel and medical provision.
Has the President’s salary increased in 2026?
RMAFC completed a remuneration review and submitted its recommendations to Tinubu on 1 July 2026. The submission did not automatically replace the existing remuneration schedule.
Who determines the President’s salary?
RMAFC determines the remuneration of the President and other political office holders under its constitutional mandate.
How much does the President earn in four years?
Four years of regular remuneration equals ₦56,235,280.
Does the President receive severance gratuity?
Yes. RMAFC lists a ₦10,544,115 severance gratuity, equal to 300% of basic salary, after successful completion of tenure.
Does the President receive a motor vehicle loan?
Yes. RMAFC lists an optional motor vehicle loan of ₦14,058,820, equal to 400% of basic salary. The loan must be repaid before the end of the tenure.
