WHAT IS WRONG WITH NIGERIA? In January of 2012, a presidential committee on public service reform discovered that top government officials in Nigeria take home N1.126 trillion a year in salaries and allowances – out of a national budget of N4.6 trillion. These public officers constitute just 0.013 per cent of Nigeria’s population. They include 108 senators who each make over $1.7m a year. That alone is $183.4 million (N28 billion). Then the 360 members of the House of Representatives each takes home over $1.2 million, which amounts to $432 million (N65bn). Again, each state governor collects an average of N200million naira a month just as security vote. In a year, they each get N2.4 billion naira. So, our 36 governors take home N87 billion naira on security votes alone every year. Add our 38 ministers and ministers of state, 100 plus heads of federal and state agencies, over 432 state commissioners, 774 local government area chairmen or caretakers, almost 10,000 councilors and you will understand where the N1.126 trillion goes. Nigeria had a chance to trim down this N1.126 trillion waste but the leadership of the country, who are the beneficiaries, did not have the will-power to do so.- Rudolf Ogoo Okonkwo And after collecting these entire statutory sums, they go on to loot the capital budget; i mean the little left for infrastructural development. Then the queen of corruption and oil manager will steal from source, while oga at the top cannot account for missing $20 billion. Any surprise why the economy is crashing, austerity is being introduced the first in recent years; notwithstanding the huge oil revenues that accrued to this country in the last few years. While they were looting the treasury, their voodoo economist and agents of poverty was busy deceiving everyone that liked to be deceived that the economy was growing.
Posted on: Tue, 02 Dec 2014 08:38:19 +0000
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