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President Tinubu Announces New Plans To Reduce Spending By Government Officials
President Bola Tinubu has announced new measures to cut government spending and ensure disciplined financial management in Nigeria.
His latest directive limits ministers, ministers of state, and agency heads to three vehicles in their official convoys.
This aims to reduce unnecessary costs and promote better use of resources. No additional vehicles will be provided for their travel.
The President has also capped the number of security personnel for these officials at five: four police officers and one officer from the Department of State Services (DSS).
This change will lower the financial burden of security details.
These new rules build on earlier actions by President Tinubu to cut government costs.
In January, he reduced the number of officials travelling with him on foreign trips from 50 to 20 and on local trips from 50 to 25.
The Vice President’s team was also cut to five on foreign trips and 15 on local trips.
President Tinubu has asked the National Security Adviser to work with military, paramilitary, and security agencies to find ways to reduce vehicle and personnel deployment.
This review aims to eliminate waste and make better use of resources.
All officials affected by these measures must comply right away, showing the urgency of these reforms.
Analysts support these steps, noting they could lead to significant savings.
“These measures show the President’s commitment to responsible governance and fiscal prudence,” said Dr Yemi Ogunyemi, a leading economist.
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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