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