The Vice-President, Prof Yemi Osinbajo, has said that there is a need for Nigeria to call for a national debate to look into the numerous issues around the size and cost of its expensive and unsustainable governance.
Osinbajo narrated that cutting the cost of governance is something that must be done but it could be difficult for the government to do it by itself.
The Vice-President said these while answering questions by a former Governor of the Central Bank of Nigeria and immediate past Emir of Kano, Muhammad Sanusi, during a webinar organised by the Emmanuel Chapel, themed, ‘Economic stability beyond COVID-19’, on Friday.
Sanusi, who had on Friday last week pointed out that the governance structure in the country had set it up for bankruptcy, asked the vice-president what the current regime would do differently to address the perennial problem.
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 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.”
He has however come under fire for recommending a debate instead of doing the needful, which some people recommend as “cutting down the cost of governance.”