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World Despite Economic Recession, Nambia President Increases Salary for Self, Politicians


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Namibian president, Hage Geingob has signed a bill which increases his salary and that of other politicians by 6% despite the economic recession plaguing the country's economy.

The bill, which was signed last week is expected to take effect from next month.

The new bill brings the president’s salary to a total of N$1,7 million per year which 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.

The Namibian 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.

It seems he's had a change of heart.
 

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