The Vice President, Prof. Yemi Osinbajo, has opined that Nigeria needs a national debate to examine the issues around the size and cost of governance. Nigeria’s cost and size of government have often been described as expensive and unsustainable.
The Vice President added that it is a difficult task for the government to do something about its cost but it is what must be done.
Professor Osinbajo said this on Friday while answering questions by a former Governor of the Central Bank of Nigeria and former Emir of Kano, Muhammad Sanusi during a webinar organized by the Emmanuel Chapel, themed, ‘Economic Stability Beyond COVID-19’.
Last week Friday, Sanusi had pointed out that the governance structure of Nigeria had set it up for bankruptcy. He then asked the vice-president what the current administration would do differently to address the problem.
The former Emir 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 exceed 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.”
The former Lagos State Attorney-General responded, “There is no question that we are dealing with the 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 percent 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.”
The Professor of Law explained that the government has been able to cut waste when it detected some ghost workers.
Other panelists were in attendance at the event which was moderated by a Senior Advocate of Nigeria, Prof. Konyinsola Ajayi, and Dr. Chinny Ogunro.
