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Nigerians Have Had Uncountable and Immemorable Ministers – Sanusi

By on December 6, 2012

 

CBN Governor, Mallam Sanusi Lamido

Radical and Dynamic  Central Bank Governor Mallam Lamido Sanusi has once again hit the newsstands with his usual trademark of comments that generates a lot of views, comments and reactions across the country.

Last time it was the need to restructure the budget structure that sees the Government  spending more on recurrent expenditure and the need to view the civil service with the strategic approach of streamlining the Workforce ensuring efficiency and productivity.

This time Outspoken Financial policy chief has stated that the current constitutional framework of the Nation, is too cumbersome and aids wastage, unnecessary expenditure, corruption and increased cost of governance which can run down the operations of the State.

He made this assertion at the financial regulators forum on ‘Deregulation, Regulation, Cost of Financial Inclusion’ at the 18TH Nigerian Economic Summit (NES), stressing that the present political economic structure of the country served as a loophole for its resource utilization potentials.

On his earlier statement on the cost of Governance being too high, Governor Sanusi said the structure was too broad to be sustained for a Nation that has 36 States and 774 Local Governments, and urged Nigerians to critically review the constitutional framework of the  nation’s polity.

During his presentation he said “The Constitution says every state must produce a Minister, but let us reason this, how does the number of ministries at the Federal Level relate with the number of States in the Country.

He further stated “Let’s be realistic, between 1999 and now, how many hundreds of ministers have we had? I am sure we’ve had no less than 200 ministers… But because they are so many and their jobs are so poorly defined and you cannot remember what they did, because you remember a man when you remember what he did.”

He said the purpose of Government was to serve the citizens and when  a Government spent about 70% of the Nation’s revenue on itself, and leaving 30 percent for the people, is not a wise choice make.

Despite the Criticisms from the Nigerian Labour Congress, Governor Sanusi makes a valid case for a constitutional framework that curtails excessive expenditures that amount to wastage and therefore negates development.

One Comment

  1. guest 1

    December 6, 2012 at 12:19 pm

    The headline is misleading…what he is saying makes sense and from a economic point of view should be considered as points to ponder.