Vice President, Pastor Yemi Osinbajo, has stated that the country needs a national debate to look into the issues around the size and cost of governance, which has often been described as expensive and unsustainable.
He explained that it would not be easy for the Federal Government to do something about this costly governance by itself but that it must be done.
The Vice President said this while fielding questions by an ex Governor of the Central Bank of Nigeria and immediate past Emir of Kano, Muhammad Sanusi, during a webinar organised by the Emmanuel Chapel, themed, ‘Economic stability beyond COVID-19’, on Friday.
The former Emir of Kano Sanusi, the previous weekend had pointed out that the governance structure in Nigeria was set up for bankruptcy. He asked the vice-president what the current regime planned to do differently to address the perennial problem.
Emir Sanusi, The former CBN governor said, “The greater Atlanta (in the United States) has a Gross Domestic Product that is higher than that of the Federal Republic of Nigeria, and Atlanta is not the richest city in the United States.
“I don’t want to be disrespectful, but the annual sales of Tesla exceeds the budget size of our country, so should we not begin to cut our coat according to our cloth; should we not begin to look at all these costs and the constitution itself; maybe turn the legislators to part-time lawmakers, have a unicameral legislature instead of bicameral, have the local governments run by employees of the Ministry of Local Government Affairs? We just need to think out of the box to reduce structural cost and make government sustainable over the long term.”
Osinbajo, in response to this, said, “There is no question that we are dealing with large and expensive government, but as you know, given the current constitutional structure, those who would have to vote to reduce (the size of) government, especially to become part-time legislators, are the very legislators themselves. So, you can imagine that we may not get very much traction if they are asked to vote themselves, as it were, out of their current relatively decent circumstances.
“So, I think there is a need for a national debate on this question and there is a need for us to ensure that we are not wasting the kind of resources that we ought to use for development on overheads. At the moment, our overheads are almost 70 per cent of revenues, so there is no question at all that we must reduce the size of government.
“Part of what you would see in the Economic Sustainability Plan also and several of the other initiatives is trying to go, to some extent, to what was recommended in the (Steve) Oransaye Report, to collapse a few of the agencies to become a bit more efficient and make government much more efficient with whatever it has.”
He went on to explain that government had been able to cut waste when it detected some ghost workers.
The event, which was moderated by a Senior Advocate of Nigeria, Prof Konyinsola Ajayi, and Dr Chinny Ogunro had other panellists.