Borrowings: Scrap Senate, cut budget for Presidency to save money — Bello tells Buhari

While Buhari's government is hell bent at raising the country's debt profile by borrowing more dollars, the People's Redemption Party (PRP), see things differently, saying FG won't need to keep borrowing if it keeps its promise of reducing the cost of governance in the country.


The party through its national chairman, Malam Falau Bello alongside other executives of the party, told newsmen in Abuja that the Buhari administration had admitted publicly that the country is truly poor, but lacks the wisdom and will to reduce the cost of running government, opting instead, to run the country aground with irresponsible borrowings.

The party in its recommendation to the President, called for the scrapping of the Senate and the downward review of Nass budget by 50 percent.



Bello said, “Considerably reduce the cost of the legislature to the economy which is one of the highest, if not the highest in the world, by reducing its budget to no more than half, or abolishing the bicameral legislature and making it unicameral as done by sensible and sensitive nations in recent history.

“Nigeria is a poor nation and cannot afford a bicameral assembly paying itself so handsomely without any checks on its expenditures. We would be with the president if he initiates a serious downward review of the costs of the National Assembly to the nation.”




Reminding Buhari of his promise to reduce cost of governance, the party said, "The President should honour some of his campaign promises which include reducing the presidential fleet, cutting the budget of the Presidency as a means of giving him the moral courage and strength to reduce the unnecessary and over bloated wage bill and cost of governance in Nigeria.



“Reducing some ministries and merging some MDA’s as conceived by previous administrations. We urge President Buhari to have the courage of looking into and implementing in whole or in part the Stephen Oronsaye report as a means of reducing the cost of governance in Nigeria,” the party said.