Senate President Akpabio Urges Transparency to Curb Cost of Governance

Nigerian Senate President Godswill Akpabio calls for transparency and accountability to reduce the country's cost of governance. A one-day dialogue on the issue was held in Abuja, aiming to chart a path towards fiscal prudence and better resource management.

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Nitish Verma
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Senate President Akpabio Urges Transparency to Curb Cost of Governance

Senate President Akpabio Urges Transparency to Curb Cost of Governance

Nigerian Senate President Godswill Akpabio emphasized the need for transparency, accountability, and the elimination of unnecessary expenditures to reduce the cost of governance in the country. Akpabio made this call at a one-day dialogue on the cost of governance in Nigeria, organized by the National Institute for Legislative and Democratic Studies (NILDS) in Abuja on May 13, 2024.

Why this matters: Effective governance and prudent resource management are crucial for Nigeria's economic development and stability, and efforts to curb thecost of governance can have a direct impact on the country's ability to provide basic services and infrastructure to its citizens.

Akpabio highlighted several factors contributing to the high cost of governance, including the size of the bureaucracy, escalating public service wage bills, overhead costs of appointive public officials, salaries and allowances of elected officials, and the running of government institutions. He urged for streamlining bureaucracy, eliminating unnecessary expenditures, ensuring transparency and accountability at all levels of governance, investing in human capital, empowering public officials, and fostering a culture of innovation and creativity.

In his speech, Akpabio said, "Let us hold ourselves accountable and take responsibility for the betterment of our nation." He added, "We have to ensure that our government operates efficiently and effectively, serving the needs of the people and fostering sustainable development." The Senate President also emphasized the importance of investing in human capital, stating, "We must invest in our human capital, empowering our public officials with the necessary skills and knowledge to drive progress."

The Speaker of the House of Representatives, Rep. Tajudeen Abbas, also present at the event, emphasized the need to adopt measures that streamline government expenditure in line with prevailing economic realities. The Director-General of NILDS, Prof. Abubakar Sulaiman, stated that the dialogue aimed to collectively chart a path towards fiscal prudence, transparency, and accountability.

The dialogue on the cost of governance is part of the current administration's efforts to implement the recommendations of the Oronsaye Report and reduce the cost of governance under President Bola Tinubu. As Nigeria grapples with economic challenges, the call for transparency and accountability in governance spending has gained momentum. The outcome of this dialogue is expected to provide a roadmap for the government to optimize its resources and deliver better services to the people.

Key Takeaways

  • Nigerian Senate President Akpabio calls for transparency and accountability to reduce cost of governance.
  • High cost of governance hinders Nigeria's economic development and stability.
  • Akpabio identifies bureaucracy, wage bills, and overhead costs as contributors to high governance cost.
  • Streamlining bureaucracy, investing in human capital, and fostering innovation can reduce governance cost.
  • Dialogue aims to chart a path towards fiscal prudence, transparency, and accountability in governance.