Atiku Abubakar, has advised the government to cut the billions budgeted for luxury feeding and traveling to save cost as the country battles coronavirus.
, has advised the Nigerian government to cut the billions budgeted for luxury feeding and traveling for the presidency to save cost as the country battles the impact of the coronavirus pandemic.
“For the avoidance of doubt, when this budget was presented to the National Assembly on Tuesday, October 8, 2019, it was predicated on a projection that our nation would generate crude oil production of 2.18 million barrels a day, at an expected oil price of $57 per barrel. Nigeria’s crude oil at the moment is sold below its budgetary benchmark at $30, following the global crash in crude oil due the effect of the coronavirus pandemic.
But, Mr Abubakar, who was the presidential candidate for the Peoples Democratic Party in the 2019 election, said instead of slashing the salaries of civil servants, the massive budgets to run both the presidency and the legislature “has to be downsized.” “The best way out of this economic quagmire is to reduce our expenditure. And a 0.6% reduction is no reduction. It is only window dressing.
“The ₦27 billion budget for the renovation of the National Assembly has to go. The massive budgets to run both the Presidency and the Legislature has to be downsized.
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