ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Monday, January 25, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Vice President Yemi Osinbajo

Vice President Yemi Osinbajo [PHOTO: Presidency]

Nigeria runs a large, expensive government — Osinbajo

byOladeinde Olawoyin
June 20, 2020
2 min read
ADVERTISEMENT

Nigeria’s Vice-President, Yemi Osinbajo, on Thursday said the nation runs a large and expensive government.

Mr Osinbajo explained that there is need for a national debate on issues surrounding the size and cost of governance on Nigeria.

According to the Punch, Mr Osinbajo said this at a webinar organised by the Emmanuel Chapel on Friday.

The webinar, themed, ‘Economic stability beyond COVID-19’, was put together to look into Nigeria’s economic roadmaps amid covid-19 disruptions.

Reacting to a question thrown up by former Governor of the Central Bank of Nigeria and immediate past Emir of Kano, Muhammad Sanusi, Mr Osinbajo noted that “something drastic needs to be done to the size of government to attain efficiency.”

Conundrum

According to the Vice president, the major conundrum surrounding issues around cost of governance in Nigeria lies in the fact that the reform is in the hand of those who benefit from the existing structure.

“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,” Mr Osinbajo was quoted to have said.

“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.

RelatedNews

COVID-19: Vaccines expected by Nigeria will no longer arrive in January – Official

AUDIO: 13 corps members tested positive for COVID-19 at NYSC camp – official

COVID-19: Moderna says own vaccine effective against UK, South Africa variants

Court orders evacuation of El-Zakzaky’s wife to COVID-19 treatment centre

“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.”

According to him, “the problem was a major driving factor for the government’s decision to revisit the Steve Oronsaye report on public service reforms”.

He said: “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.”

Dangote adbanner 728x90_2 (1)

Sanusi’s take

In his own intervention, Mr Sanusi raised concerns on why the government must institute reforms to address the issues.

He 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.”

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (22)
premiumtimes



PT Mag Campaign AD

Previous Post

INTERVIEW: HIV 2030 target may be derailed if COVID-19 persists — NACA DG

Next Post

Again, EFCC discovers ghost workers in Kwara

Oladeinde Olawoyin

Oladeinde Olawoyin

Oladeinde Olawoyin reports Business & Economy, Development and Lagos Metro at PREMIUM TIMES. A First Class graduate of Mass Communication from the University of Ilorin, Ilorin, he was nominated in the journalism category of The Future Awards Africa in 2017. Aside maintaining a column titled ‘SATURDAY SATIRE’, he also writes art and culture pieces on weekends. Twitter: @Ola_deinde

More News

A man is being tested for COVID-19 in Nigeria [PHOTO: TW: @NCDCgov]

COVID-19 variant, causing anxiety in UK, found in Nigeria – Official

January 25, 2021
Moderna vaccine in a syringe [PHOTO: Axios]

COVID-19: Moderna says own vaccine effective against UK, South Africa variants

January 25, 2021
EFCC Officials

Court discharges Atiku’s lawyer, brother of N763million money laundering charges

January 25, 2021
A farmer in Northern Nigeria [PHOTO: FAO]

Nigeria’s agric agency to employ 30,000 graduates

January 25, 2021
Map of AFrica

Western sources play major role in how the Africa story is told

January 25, 2021
Unilever Nigeria Plc

Weak sales stretch Unilever’s loss into second year

January 25, 2021
Next Post
EFCC

Again, EFCC discovers ghost workers in Kwara

University of Ibadan (UI)

2019 UTME: Seven schools that violated JAMB admission process

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad




Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,606,403 other subscribers.

Advertisement






netherland biz school Advert

Zenith Advert

Heritage Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.