Following the announcement from the National Bureau Statistics yesterday that Nigeria has experienced another recession, the Socio-Economic Rights and Accountability Project SERAP has called on the Federal Government to reduce the cost of governance.
According to the body, the federal government is supposed to cut down allocations for security votes, renovation of the National Assembly, exorbitant salaries and a lots more.
The body sent the letter to the federal government yesterday 21st November. They as well said that public funds should not be used to finance the luxury life of the members of the National Assembly and the State Governors.
They also noted that implementing human rights, transparency and accountability will save money and fast track the economic recovery process. The body said years of mismanagement of public funds has led to borrowing, debt and the current recession.
The body, notwithstanding, urged the federal government to implement the recommended actions within 14 days or else legal actions will be taken against them.