President Bola Ahmed Tinubu has announced the donation of all his salaries since assuming office on May 29, 2023, to establish a dedicated welfare fund for wounded soldiers and families of fallen military personnel.
The President made the declaration on Sunday as part of activities marking his 74th birthday, directing the Accountant-General of the Federation to immediately create a special account for the initiative.
“What I need to do on your behalf is to announce a special account to be created today from all the salaries that I’ve earned,” Tinubu said, noting that the fund would specifically support those who have suffered loss or injury in the line of duty.
Based on data from the Revenue Mobilisation Allocation and Fiscal Commission, the President’s basic annual salary is about N14.06 million.
However, when allowances such as hardship and constituency provisions are included, total annual earnings are estimated at over N30 million.
This places the projected donation over a four-year tenure at roughly N122 million.
Tinubu emphasised that the fund would operate as a targeted intervention, separate from existing military welfare and insurance schemes, aimed at providing direct support to affected service members and their families.
