Rt. Honourable, Femi Gbajabiamila has called for a deep cut in the cost of governance in Nigeria amidst the COVID-19 realities.
The Speaker made this call on Thursday at the beginning of the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) revenue considerations with revenue-generating agencies; organized by the House of Representatives Committee on Finance.
Also Read: Insecurity: Nigeria Has Become Unhabitable For Citizens, Unattractive For Investors – Gbajabiamila
Gbajabiamila pointed out that there is a need to reduce the cost of governance to free up revenue for infrastructure development.
He expressed that this was the new reality with the country facing a fiscal crisis coupled with the COVID-19 pandemic.