High cost of governance benefitting few, Ndume insists

Chairman of the Senate Committee on Army, Senator Ali Ndume, yesterday said Vice President Yemi Osinbajo and a former governor of the Central Bank of Nigeria (CBN), Muhammadu Sanusi, had vindicated his position on the high cost of running a presidential democracy in the country.

Speaking during a webinar on “Economic stability beyond COVID-19” in Abuja, the lawmaker, who represents Borno South Senatorial District, asserted: “The current cost of governance is too much in Nigeria, and the system is benefiting only a few people, which is not fair, if this country must move forward.”

He went on: “You can imagine what we would have achieved as a government if 70 per cent of the resources we are currently spending in running the presidential democracy in Nigeria is appropriated every year for capital projects that would benefit the larger members of the society.”