The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Elias Mbam, on Tuesday said a new remuneration package for public office holders would be ready in September.
The new remuneration package will affect members of the National Assembly.
Controversy had arisen after members of the National Assembly rejected a move to reduce their income last month, which the executive arm of government had consented to.
But Mbam on Tuesday told State House correspondents shortly after a meeting with President Muhammadu Buhari on the state of the commission’s activities at the Presidential Villa, Abuja, that the new salary structure would see the National Assembly members and other public office holders receiving less than their current wage.
He said the review would affect all cadres of public office holders in all arms of government.
He said the review became necessary because many government agencies, states and local governments had been struggling to pay salaries as a result of the sharp drop in oil price.
He said the downward review of the remuneration did not start with the present administration as the commission had started the review process since last year.
Mbam said of the proposed cut in the salary and allowances of the federal lawmakers: “They (the federal lawmakers) do not have a choice.
“We are guided by the constitution and we are going to be guided by such laws that are provided for in the constitution.
“They swore to obey the laws of the country.”
Mbam explained that based on the remuneration package determined by the RMAFC, no federal lawmaker should earn up to N1 million per month.
Mbam said work on the new remuneration package was almost concluded.
He said: “Presently, we are reviewing the subsisting remuneration package and it is going to reflect the socio-economic realities of today.
“We expect that before the end of next month, it will be ready.
“But it will go through a process.
“It is not something that you will just say ‘yes or no.’
“It will go through a process and it should be obvious to you the economic realities of the day and it is going to reflect that.”
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