Age Limit: The value of the Life Presidency is now about two Koenigsegg CCXR Trevita!
What if I told you that, based on the incoming numbers from today’s reporting and last year. We can establish the certain cost of the Age Limit Bill and how much the National Resistance Movement (NRM) or the NRM MPs has cost in total. An amendment of the Constitution, which in purpose have given President Yoweri Kaguta Museveni, Life Presidency.
With that in mind, I have calculated what each of the NRM MPs have gotten in payment. As it first was the cost of Consultations and the total value of that, later I have taken the direct payment for passing the bill. So take a look!
Latest report on the payment:
“The first installment of Shs 40 million was paid before the amendment was passed in 2017 with another installment of Shs 100 million coming immediately after the passing of the Bill. The final installment of Shs 60 million was to be paid on November 30 last year. At the beginning of this week, the MPs received telephone calls from the leadership of the NRM Parliamentary caucus to go for the money but instead of the Shs 60 million, the MPs received Shs 45 million” (Kabuubi, 2019).
Lets do some calculations:
Each of the 317 Members of the NRM Caucus have gotten in total Shs. 85 million shillings or offered this, as it is reported. I will look at the whole sum for everyone, as it is to hectic to calculate the ones that didn’t receive it all, as they wanted the whole sum of Shs. 100 million, but the proof of cost is still up-to-date. As it shows how much the state anticipated to pay for the whole operation to the MPs in question.
So the sum for passing to date is about Shs. 85 million Ugandan shillings doesn’t say so much internationally, so if your using the foreign exchange today. Each MP would get in about $22,740 US Dollars. That is in both instances with the total fee, however, today, they got equlent about “only” $ 12,041 US Dollars or £9,415 Great British Pounds.
This is the payment done for the bill itself, but for the ones remembering back in time. This isn’t the first fee, these honourables got for doing so. The MPs got a consultation fee each. Which I stated like this in October 2018, when the MPs got Shs. 29 millions each for consulting their constituents.
To put the 29 million in perspective is about $ 8000 United States Dollars or £ 6000 Great British Pounds (With the exchange rate in October 2018). So it isThe whole cost of the consultation of the bill was $ 3,553.660 or about 3,5 million United States Dollar. That is the cost of the MPs consultations is equivalent of 13 billion Uganda Shillings or about 3,5 million US Dollars.
That was then, but now with the revelation, there are more money at play. Making the calculation more interesting. As the whole freaking project is getting under wraps. Because, we should calculate all the millions spent on these MPs, to prove the value of Life Presidency in the eyes of Bosco. As he sees this sums fit to give life to his dream of ruling until eternity. The $ 3,5m USD was premature. Since there was even the direct payments to the 317 NRM Caucus MPs. Which was revealed today.
With that in mind, lets do the Math:
Shs. 29m + Shs. 85m = Shs. 114m or $ 30,501 USD or even £ 23,844 GBP each.
That is what the MPs gotten each in Consultation Fees and Direct Payment. We should still look at the whole shindig. Therefore we have to look into how much Shs. 114m are times 317 MPs. That is about Shs. 36 billion or into $ 9,6m USD, or about £ 7,5m GBP.
To put that in perspective how much that really is. In Ugandan Perspective, it is as much as the Namugongo Museum Development Committee planned in 2016 to spend on Anglican Martyrs Shrine in Namugongo, as they would develop the museum, build a conference centre, guest house and a library.
To do another one, the value of the Age Limit bills as of today, it is about the value of two Koenigsegg CCXR Trevita, which is valued about $4.8m USD. Which is an upgrade, as in October last year, the value of the Age Limit was valued to one single Aston Martin. Which is fine itself, but a bit low, considering the value of the Presidency and its perks. The Presidency should cost more and be more expensive. This is still cheap, even if two Koenigsegg is a costly affair.
We should expect more, as we know how the prices on good players are in the Premier League, they are through the roof and a slot of the Presidency shouldn’t be sold for cheap, it should be some Gareth Bale, Christiano Ronaldo, Kylian Mbappé or Neymar. The Ugandan President cost as much as the transfer of Nottingham Forrest Michael Antonio to West Ham in 2016, which in the schemes of things. Is nothing in comparison to the trade of Age Limit. The gift of extension of Presidency and being the Head of State, the Commander-in-Chief and so-on. That should be valued more.
Two fantastic Koeningsegg or a Championship transfer to the Premier League isn’t capturing the seriousness in the trade. To get the opportunity of becoming President for Life, should cost more. We all should agree on that. Peace.
Gyagenda Kabuubi – ’Cash bonanza in Parliament as MPs get paid age limit balance’ 09.01.2019, link: https://intelpostug.com/2019/01/09/cash-bonanza-in-parliament-as-mps-get-paid-age-limit-balance/