Continuous pilferage of the country’s commonwealth by political office holders, through humongous allowances and takeaway benefits, has become very worrisome.
And if the new administration – across national and state levels – would not further lead the economy down the slippery slope of perdition, then a substantial reduction in the cost of governance and review of obnoxious benefits should be a priority, and not an afterthought.
Tellingly, politics in Nigeria has become very lucrative to the extent that the primary motivation for seeking public office is the quest to amass wealth as an escape route from poverty; instead of serving the public, which has thus become a secondary consideration. The humongous perks to political office holders exemplify this.
This also applies to the immediate past state governors, who are also having a field day with their largely undisclosed security votes while in office and other perks of power. The latest and generally disturbing trend is the promulgation, across the states, of different laws on pension benefits and allowances to take care of former governors.
And all these are happening despite these states and many others racking up unpaid salaries, and pensions, and wallowing in public debts. This is indeed unconscionable. The immediate past governors handed over to their successors over N3 trillion debts, made up of N2.27 trillion domestic debt and $1.71 billion, according to figures from the Debt Management Office.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
We must make Nigeria work better – Buhari | The Guardian Nigeria News - Nigeria and World NewsPresident Muhammadu Buhari says citizens must bring to bear the strength of individualism, the power of unity and the convictions of beliefs to make Nigeria work better, together with one spirit and one purpose
Read more »
Bola Tinubu: Nigeria's political 'godfather' | The Guardian Nigeria News - Nigeria and World NewsBola Tinubu, a political “godfather” and long-time kingmaker, was never shy about his ambition to become the president of Nigeria. On Monday, what Tinubu called his “lifelong” goal became reality as he was sworn in,
Read more »
Tinubu destined to lead Nigeria, says Omo-Agege | The Guardian Nigeria News - Nigeria and World NewsDeputy President of the Senate, Senator Ovie Omo-Agege, has said there were clear signs that indicated that President Bola Ahmed Tinubu was destined to lead Nigeria.
Read more »
Make Nigeria seat of Arbitration, SAN tasks stakeholders | The Guardian Nigeria News - Nigeria and World NewsThe chairperson of the International Chamber of Commerce (ICC) Nigeria, Commission on Arbitration and Alternative Dispute Resolution (ADR), Mrs. Dorothy Ufot (SAN) has charged the international community to make Nigeria a seat of arbitration.
Read more »
Dortmund face 'brutal' reality as title dream vanishes | The Guardian Nigeria News - Nigeria and World NewsAfter the most dramatic final Bundesliga matchday in recent memory, Bayern Munich are again title winners as Borussia Dortmund go empty handed once more.
Read more »
Medical row in France over unauthorised Covid trial | The Guardian Nigeria News - Nigeria and World NewsFrench medical bodies on Sunday called on authorities to punish researcher Didier Raoult for 'the largest 'unauthorised' clinical trial
Read more »