Despite the economic recession plaguing the economy with its attendant effect ravaging the nook and crannies of the country, the president of Namibia, Hage Geingob ha last week approved an increment to his salary, The Herald reports.
The latest bill approved brings the presidential salary to an increase of 6 percent for himself and fellow politicians in the country.
The latest bill signed by the president is expected to take effect from the month.
Recall that the Public Office-Bearers Remuneration and Benefits Commission, POBC, had in 2015 recommended the increases in salary for politicians but the president had kicked against the move based on the economic condition in the country.
The new gazette signed by the president detailing how much he and other politicians will earn brings the president’s salary to a total of N$1,7 million per year whic is estimated at N$600 000 monthly.
The vice president, Nickey Iyambo, will however earn an annual salary of N$1,5 million per year.
The ministers in the country numbering 27 will earn a little over N$30 million per year. (Herald)
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