The Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi, is going to take some flak from federal legislators over his statement that the national assembly consumes 25 percent of federal spending.
“We need power, we need infrastructure, so we need to start looking at the structure of expenditure and make it more consistent with the development initiative of the country”, he stated. “It not good enough that a quarter of the federal spending was being consumed by the National Assembly instead of using it to bring real development to the country”
The presidential form of government we run in Nigeria is NOT sustainable, but I will be surprised if the culprits are listening and ready to make amends.
More excerpts from the unusually frank statement of the CBN governor:
“The solution to Nigeria’s problem is not in the interest of a very few group of people who have held the country to ransom. The answer lies in every Nigerian simply standing up to this group that enough is enough.
Very often you look at the problems of the country and you look at the powerful vested interest that are benefiting from these problems and you think that the problems cannot be resolved. Let me tell you one thing; stand up to them, face them, the country belongs to you and we must claim it. And the only way Nigeria will change is if we stop complaining about these people and do something about them.”
Do something…? Like voting them out of office…?
Now, that would be easy if votes really count in Nigeria!