Opinion
That GEJ’s Austerity Measures
It was interesting read
ing a newspaper interview with the Director-General of the Budget Office of the Federation, Dr Bright Okogu, who disclosed measures being taken by the Federal Government to cushion the effects of the dwindling economy brought about by the slump in oil price at the international market.
One of the measures, according to the Director General, is a 30 per cent pay cut for all political appointees in the executive arm of government, including the President and Vice President. He said the salary slash as directed by President Jonathan is part of the sacrifice to free up revenue for funding of capital projects.
Making reference to Mr Steve Oronsanya’s Committee on Rationalisation of Federal Government’s Parastatals, Commissions and agencies, Okogu said, “the Federal Government initiated this and has gone through the whole process. The aim is to streamline the activities of these agencies and save government some money and then fund the ones that are left, better. If necessary you can deploy such staff to other areas of government where they are needed, so that you are not laying people off.”
Incidentally, this is not and may not be the last time such austerity measures news would be making newspaper headlines. Recall that in November last year, the Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala had announced that the nation would be experiencing a challenging time owing to the global fall in oil prices. She said adequate measures like payment of tax for luxury goods, reduction in public expenditure and international travels by public servants and others were already in place to curtail the impact of the economic downfall on the masses.
Of course, government has to be commended for the claimed efforts in helping the nation out of the current economic quagmire.
President Jonathan has no doubt demonstrated leadership by example by his willingness to forfeit part of his salary for the development of the country even though there are indications that the President’s good wish may not be realised as the Revenue Mobilisation, Allocation and Fiscal Commission (RMFAC) whose responsibility it is to fix remuneration package for political, public and judicial office holders sees no reason for the pay cut and may thwart the plan.
However, one would like to believe that the President, the governors and all those in authority can do more than mere pay cut. There is need to block the real waste and drains in our national finances. Every now and then you hear the Nigerian National Petroleum Corporation and other multi-national oil companies raise alarm on the huge amount of money the country loses every day to crude oil theft. Just a few days ago, the Chief of Navel staff, Rear Admiral Usman Jibrin said that the country loses about 100,000 barrel of crude oil estimated at N1.18bn everyday to oil thieves who take the advantage of poor law enforcement on the nation’s territorial waters.
Worrisomely, this level of oil theft goes on daily inspite of the security measure NNPC and other major oil companies claim to have put in place, including the award of surveillance contracts to local community contractors to manage activities near or around their facilities.
It is therefore logical that if adequate measures are taken by government oil companies and the Nigerian security agencies to check oil theft in the country, if the vandals and their “god fathers” no matter how lightly placed, are constantly arrested and punished accordingly, Nigeria will be saving billions of naira that will be used for developmental projects.
Someone once argued that if agencies are merged but corruption is not tackled, it will be an exercise in futility.
Really, how can money be saved for governance when those who defraud the nation are not adequately punished, when after stealing the peoples’ money and abusing Nigeria’s common resources, the culprits are given state pardon and sometimes even celebrated? How can we claim to be carrying out austerity measure programmes when our leaders, their families and relations waste public fund on vain oversea trips, birthdays and other frivolities.
Sometime, I wonder how healthy Nigerians would be if all the money spent by our leaders and their families on medical treatment abroad is used to develop the health sector in the country.
What of Governors, Commissioners and other political office holders at states and local government levels, what sacrifices are they making for the nation at this time of need. Reports have it that the least federal lawmaker in Nigeria earns more than the President of the United States of America. Are they ready to cut down on their unmerited huge salaries and allowances for the country to have more money for development?
So, there should be a wholistic and sincere approach towards saving the country’s dwindling economy. This is time to reduce waste and inefficiency. Most importantly, we need to reduce over- dependence on oil sector, develop other sectors and seek ways to generate revenue internally
Calista Ezeaku
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