Nigeria is running a very expensive Government – Osinbajo

Nigeria is running a very expensive Government – Osinbajo

Nigeria’s Vice-President, Yemi Osinbajo, during a webinar organised by the Emmanuel Chapel on Friday, says the nation runs a large and expensive government.

According to him, there is need for a national debate on issues surrounding the size and cost of governance on Nigeria.

The webinar, themed, ‘Economic stability beyond COVID-19’, was put together to look into Nigeria’s economic roadmaps amid covid-19 disruptions.

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.”

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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.

He said: “There is no question that we are dealing with 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,” Mr Osinbajo was quoted to have said.

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