The President’s and the Vice-President’s pay is low, Vice-President Yemi Osinbajo said on Monday.
He criticised the private sector for not respecting the national minimum wage law, which puts the lowest pay at N18,000.
Speaking at the end-of-year seminar of the State House Press Corps at the old Banquet Hall of the Presidential Villa in Abuja, Prof. Osinbajo said he earns about N1.5m as Vice-President; President Buhari earns about N1.75 million.
To him, the pay is not commensurate with the offices they occupy.
The vice president also expressed misgivings about the remuneration of journalists and lawyers, saying journalists’ case is unique because many media owners make big revenue but simply refuse to pay good wages.
He recalled his brief encounters working with media houses as legal adviser and how in all the months he worked he was not paid despite the irregular hours he put in.
Osinbajo spoke of entry into journalism as not rigorously regulated or enforced by professional bodies because untrained persons are allowed in.
He added: ”I realised first of all that this (journalism) is not a profession from which one could make a decent living in the first place unless you find a really good way of doing so.
”But more importantly for me is that you are just on your own. Journalism as a profession is so wide open.
”There are a few reasons in my view why remuneration is poor.
”The first is that it is just simply cheating. There are owners of media that are just cheats. They just want to get something from nothing and that is not uncommon, it is a general malaise, it is not necessarily restricted to the media.
”It is also the same in the legal profession. There many lawyers if they tell you what they earn, you will certainly not want to be a lawyer.
”The private sector does not respect the minimum wage. Even if a minimum wage is set nationally, it is not necessarily respected by the private sector and this is something that should be factored in to the status of a company and whether a company is even complying with the requirements.”
The Vice-President urged journalists to brighten their prospects and future by always seeking ways of improving themselves and getting better job opportunities with attendant improved income.