– The Northern Elders’ Forum (NEF) believes that the way to get out of the current economic recession is to tighten the reins on government spending.
– The group says the way out of recession is to sack 50 per cent of the federal workers in the civil service.
– Spokesman, Prof. Ango Abdullahi says the sack or reduction of federal government spending by 50 per cent would work.
Spokesperson of the Northern Elder’s Forum (NEF), Prof. Ango Abdullahi has said that the way out the current economic recession is not selling national assets but sacking federal government workers. Abdullahi made the statement in an interview with Vanguard. The former presidential adviser on agriculture and food security said that sacking 50 per cent of the country’s public service workforce or the reduction of its federal government’s cost by 50 per cent or both could save the day.
He said: “The Present recession was hinged on the fact that 2016 budget was pegged at N6 trillion with recurrent taking N4 trillion, while N2 trillion is set aside for capital project. “Nigeria is a poor country and it is consumption based. We import and consume and we hardly produce. “Yet we have a very unproductive workforce. Nigeria workforce is not the productive type, but it takes a good chunk of the budget every year.
“This year, they said that of the N6 trillion appropriated, only N2 trillion will be generated. The rest N4 trillion would have to be sought from somewhere else. And now we are in a recession. So, I will suggest two ways from which we can get out of recession. We must cut down unproductive spending. “And I am suggesting two ways in which we can do this and they are simple. The first one will not be socially and politically good. I will advise we go for the second one. “The first one is that we have to reduce the workforce by 50%. We are talking of a large unproductive workforce with a minimum wage of N18,000 per month both at the Federal, State and Local Government levels. But, I know that it will be difficult to achieve that one.
“The second one is that we can cut salary and allowances of the workforce by 50%. Nigeria has become poor, so we have to consume less. “What kind of workforce do we have that cannot produce 5000Mw of electricity, that cannot fix broken schools, roads etc? “The idea of the National Economic Council, NEC, that our national assets should be disposed of is bad and unacceptable. Their argument cannot fly. Look at NEPA. It is a public company that is over 100 years old. It was sold to the same people who vandalised the economy and made it not to work. Is NEPA any better today? “They have stolen enough dollars and rubbished the Naira. In short time, the Naira has been devalued by over 200%. These are people who have stashed away dollars. They want Nigeria’s assets to be sold to them as scraps. NEC is not serious.
NAIJ.com
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