The 2023 Labour Party, LP, presidential candidate, Peter Obi, has hailed President Bola Ahmed Tinubu for cutting travel allowance, entourage and security entourage of government officials describing it as a positive step towards the reduction of cost of governance and a way of halting wastage.
This is even as he encouraged President Bola Ahmed Tinubu to cut the cost of governance by 60 per cent.
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Obi was speaking on the backdrop of the 60 per cent cut in travel allowance, entourage announced by the President recently while noting that the decision of President Tinubu to reduce the cost of Federal Government’s official entourage during trips was merely scratching the surface.
He wondered why the government had not disclosed how much would be saved as a result of the reduction.
This reduction affected his entourage, Vice President Kashim Shettima, First Lady Remi Tinubu, and ministers.
Reacting, Obi posted on X: “The just announced 60% cut in the size of federal official entourages on travels is one positive step towards the reduction of cost of governance and a way of halting wastage. But this measure is just scratching the surface as It is limited in scope and can only lead to a very negligible saving.
“We are yet to be told how much savings this will amount to. While this modest step may be somewhat commendable, what is desirable should be both a 60% reduction in federal official overseas trips as well as a 60% reduction in the size of delegations.
“Most importantly, what our current economic reality demands is a 60% reduction in the total cost of governance at the Federal level. This implies that the recently passed federal budget needs to be revised to cut all wasteful and unnecessary items.
“This is the level of cost-cutting and savings that can meaningfully impact the present state of the economy. This level of cut in the cost of government should lead to substantial savings.”
