Peter Obi, the presidential candidate of the Labour Party (LP), has emphasized the need for a substantial 60% reduction in the overall cost of governance, going beyond the recent measure of slashing travel entourages by President Bola Tinubu. Obi believes that this broader approach is crucial for meaningful impact on the country's economy.
"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." - Peter Obi
Obi pointed out that the recent measure is a positive step but limited in scope, resulting in only negligible savings. He urged for a comprehensive review of the 2024 budget to eliminate wasteful and unnecessary expenses, emphasizing the importance of redirecting savings to fund critical sectors such as education, healthcare, and poverty alleviation.
"Such savings should be used to fund the productive sectors of the economy and the much-needed social investments, especially in three key areas: education, healthcare, and the migration of millions of Nigerians from poverty." - Peter Obi
