Towards reducing cost of governance in the country, The Nigerian Senate has urged the Nigerian president, Muhammadu Buhari to scrap all unproductive government agencies.
The senate made this call yesterday, Wednesday 7 October after the approval of the report by its joint committee on Finance and National Planning on the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy presented by the Chairman, Solomon Adeola.
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senate during plenary
Making more clarity on scraping some government agencies, Ahmad Lawan the Senate President said most agencies were created to serve a specific purposes and should be terminated when its purpose has been achieved.
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“Many of the agencies were created to address specific challenges as of the time they were created. They are now irrelevant and have become conduit pipes that we appropriate money to every year while adding no value to the nation again” he said.
He noted that the exercise was a difficult one to achieve, adding that most agencies will argue that the exercise will spike the country’s unemployment rate.
He assured Nigerians that the National Assembly would work with the federal government to ensure the exercise has no adverse effect on Nigerians.
“We need to work with the executive arm of government on this. I know it will be a tough task because some will argue that the exercise would lead to massive job losses but we have to find a way out of the current situation because the cost of governance is too high” he said.
The senate further noted that reducing the cost of governance was imminent in the country adding that reduction in allowance and budget meant for the National Assembly was not the only solution.
“It is not the reduction of the National Assembly budget that would reduce the cost of governance. There is no money in the National Assembly. Our budget is just about N128bn out of a national budget of N13trn.
“We cannot reduce the cost of governance just by reducing the cost of running the activities of the National Assembly. We need to have a holistic, practical and realistic way of reducing agencies and cost of running those agencies that would survive.” he added.