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Beyond Buhari And Osinbajo's Pay Cut. - Politics - Nairaland

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Beyond Buhari And Osinbajo's Pay Cut. by IdisuleOurOwn(m): 8:55pm On Jul 29, 2015
The decision of President Muhammadu Buhari and Vice President Yemi Osinbajo to take only 50 percent of the salaries approved to them is recommendable. The pay cut is a demonstration of leadership by example, which will go some way in projecting the idea that political office is for service to the nation, and not for the financial gains that can be made from it at the expense of the public.
But, this sacrifice by the two top citizens of the country should be seen only as the first of many steps that they need to take towards reducing the high cost of governance and ensuring more prudent management of the nation's resources.
The President's annual numeration, as approved by the Revenue Mobilisation Allocation and Fiscal Commission (RMARC) is N14,058,820, while Vice President Osinbajo will earn N12,126,290 per year. With the pay cut, Buhari's annual salary will now be about N7 million, while Osinbajo will earn about N6 million. The President and the Vice President's decision has since been conveyed to the office of the Secretary of the Government of the Federation.
I commended Buhari, Osinbajo and some state governors who have also slashed their salaries and perks of office. However, despite this voluntary sacrifice by the President, the Vice President and a few state governors, a lot still needs to be done beyond the pay cut to rein in public expenditure. The fiscal crunch ravaging the country will likely continue if the economy is not properly managed. There is need to check financial recklessness at all levels of governance, including the local governments. Poor management of state finances has resulted in non-payment of workers' salaries and States' indebtedness standing at N660 billion.
This said development culminated in the recent bailout of over N700 billion.
The nation's poor financial condition that led to these pay cuts has again underscored the need to diversify the revenue base at the three tiers of government. Crucial, too, is the need for politicians to shun greed and ostentatious living, while ensuring prudent management of public funds entrusted in their care. Some sitting governors are living in obscene opulence. Some of those who have left office are facing prosecution by the Economic and Financial Crimes Commission (EFCC) on corruption charges.
This pay cut, must extend to the salaries and jumbo allowances of national legislators. Unless there is a drastic cut in the emoluments of public officials, especially elected officials, the essence of public service might be lost at the altar of personal aggrandisement. This is one of the reasons why calls for part-time legislators have received popular endorsement across the country. At present, lawmakers at the National Assembly are reportedly the highest paid on the continent, if not in the world, for sitting for a minimum of 181 days in a year.
Altogether, the tempers of these times call for creative thinking in the management of the nation's resources. It calls for diversification of the economy and a close monitoring of dwindling public funds to ensure that the available funds are deployed to areas where they will have the impact on the welfare of the people.
Beyond salary cuts, however, the allowances of all political office holders and the humongous security votes of state governors need to be reduced. There is also the need to expand the productive base of the economy and explore more avenues for wealth creation in the country.
Above all, we need more measures to ensure that aspirations to public office in the country are driven by genuine desire to render service to the people.
Re: Beyond Buhari And Osinbajo's Pay Cut. by coldspot: 8:55pm On Jul 29, 2015
.
Re: Beyond Buhari And Osinbajo's Pay Cut. by Nobody: 8:58pm On Jul 29, 2015
Stop writing like Buhari, space your words for better understanding.
Re: Beyond Buhari And Osinbajo's Pay Cut. by IdisuleOurOwn(m): 9:04pm On Jul 29, 2015
Calling on PassingShot, Midolian, Barcanista, MizMyColi, Beremx, vedacool, caseless, Whynothetruth, Dearpreye, IbnSultan, modath, Dayo23, sorry if I didn't mention you.


cc: Seun, Lalasticlala and Ishilove.
Re: Beyond Buhari And Osinbajo's Pay Cut. by SeverusSnape(m): 9:05pm On Jul 29, 2015
ECOTERRORS:
Stop writing like Buhari, space your words for better understanding.
Don't mind the Buharistic illiterate. He tried a little bit though.
Re: Beyond Buhari And Osinbajo's Pay Cut. by IdisuleOurOwn(m): 9:06pm On Jul 29, 2015
TheSonOfMark how far? Your contribution is appreciated.
Re: Beyond Buhari And Osinbajo's Pay Cut. by IdisuleOurOwn(m): 9:08pm On Jul 29, 2015
SeverusSnape:
Don't mind the Buharistic illiterate.
Let have your say sir.
Re: Beyond Buhari And Osinbajo's Pay Cut. by TheSonOfMark(m): 9:08pm On Jul 29, 2015
ECOTERRORS:
Stop writing like Buhari, space your words for better understanding.

What else should one expecting from a cheating simpleton? He copied and pasted this without giving credit to the original source (like GMB).

Check his post history and you'd realize he doesn't have the aforeshowcased command of the English Language.

Simply put: Idisule is a thief!
Re: Beyond Buhari And Osinbajo's Pay Cut. by IdisuleOurOwn(m): 9:14pm On Jul 29, 2015
TheSonOfMark:

What else should one expecting from a cheating simpleton? He copied and pasted this without giving credit to the original source (like GMB).
Check his post history and you'd realize he doesn't have the aforeshowcased command of the English Language.
Simply put: Idisule is a thief!


You are ignored and you know why.
Re: Beyond Buhari And Osinbajo's Pay Cut. by midolian(m): 9:14pm On Jul 29, 2015
IdisuleOurOwn:
The decision of President Muhammadu Buhari and Vice President Yemi Osinbajo to take only 50 percent of the salaries approved to them is recommendable. The pay cut is a demonstration of leadership by example, which will go some way in projecting the idea that political office is for service to the nation, and not for the financial gains that can be made from it at the expense of the public.
But, this sacrifice by the two top citizens of the country should be seen only as the first of many steps that they need to take towards reducing the high cost of governance and ensuring more prudent management of the nation's resources.
The President's annual numeration, as approved by the Revenue Mobilisation Allocation and Fiscal Commission (RMARC) is N14,058,820, while Vice President Osinbajo will earn N12,126,290 per year. With the pay cut, Buhari's annual salary will now be about N7 million, while Osinbajo will earn about N6 million. The President and the Vice President's decision has since been conveyed to the office of the Secretary of the Government of the Federation.
I commended Buhari, Osinbajo and some state governors who have also slashed their salaries and perks of office. However, despite this voluntary sacrifice by the President, the Vice President and a few state governors, a lot still needs to be done beyond the pay cut to rein in public expenditure. The fiscal crunch ravaging the country will likely continue if the economy is not properly managed. There is need to check financial recklessness at all levels of governance, including the local governments. Poor management of state finances has resulted in non-payment of workers' salaries and States' indebtedness standing at N660 billion.
This said development culminated in the recent bailout of over N700 billion.
The nation's poor financial condition that led to these pay cuts has again underscored the need to diversify the revenue base at the three tiers of government. Crucial, too, is the need for politicians to shun greed and ostentatious living, while ensuring prudent management of public funds entrusted in their care. Some sitting governors are living in obscene opulence. Some of those who have left office are facing prosecution by the Economic and Financial Crimes Commission (EFCC) on corruption charges.
This pay cut, must extend to the salaries and jumbo allowances of national legislators. Unless there is a drastic cut in the emoluments of public officials, especially elected officials, the essence of public service might be lost at the altar of personal aggrandisement. This is one of the reasons why calls for part-time legislators have received popular endorsement across the country. At present, lawmakers at the National Assembly are reportedly the highest paid on the continent, if not in the world, for sitting for a minimum of 181 days in a year.
Altogether, the tempers of these times call for creative thinking in the management of the nation's resources. It calls for diversification of the economy and a close monitoring of dwindling public funds to ensure that the available funds are deployed to areas where they will have the impact on the welfare of the people.
Beyond salary cuts, however, the allowances of all political office holders and the humongous security votes of state governors need to be reduced. There is also the need to expand the productive base of the economy and explore more avenues for wealth creation in the country.
Above all, we need more measures to ensure that aspirations to public office in the country are driven by genuine desire to render service to the people.
I totally agree with you.
Re: Beyond Buhari And Osinbajo's Pay Cut. by TheSonOfMark(m): 9:16pm On Jul 29, 2015
IdisuleOurOwn:
Calling on PassingShot, Midolian, Barcanista, MizMyColi, Beremx, vedacool, caseless, Whynothetruth, Dearpreye, IbnSultan, modath, Dayo23, sorry if I didn't mention you.


cc: Seun, Lalasticlala and Ishilove.

In two days you teamed up with Joseph1832 and Midolian to ruin Barcanista's thread because it depicted Buhari in a bad light by insulting till the third page and here you are seeking "CONTRIBUTIONS" from the same people whose threads you always seek to ruin by deviating from the topical issues.

Forgotten so soon just hours later?
Ever heard of karma?smiley
Re: Beyond Buhari And Osinbajo's Pay Cut. by TheSonOfMark(m): 9:17pm On Jul 29, 2015
IdisuleOurOwn:



You are ignored and you know why.

There goes your thread.grin
Re: Beyond Buhari And Osinbajo's Pay Cut. by joseph1832(m): 9:44pm On Jul 29, 2015
Well I've always maintained my stand on concrete governance. But PMB and his vice slashing their salaries will not better the lives of the common man.

I'll want to see PMB take this step further by increasing the minimum wage, that nonsense 18,000 Naira is just too small. Its a slap on the face of the masses. Even Corp Members that collect 19,800 Naira is still a disgrace.

Thus far, OBJ is the only one who even increased it. PMB should follow OBJ's lead. And do something about it. Such an act will earn him the respect on the masses.
Re: Beyond Buhari And Osinbajo's Pay Cut. by Omenkata: 9:59pm On Jul 29, 2015
joseph1832:
Well I've always maintained my stand on concrete governance. But PMB and his vice slashing their salaries will not better the lives of the common man.

I'll want to see PMB take this step further by increasing the minimum wage, that nonsense 18,000 Naira is just too small. Its a slap on the face of the masses. Even Corp Members that collect 19,800 Naira is still a disgrace.

Thus far, OBJ is the only one who even increased it. PMB should follow OBJ's lead. And do something about it. Such an act will earn him the respect on the masses.

Sharap your dirty stinking mouth there dog's sperm product don't have opinion so STFU
Re: Beyond Buhari And Osinbajo's Pay Cut. by IdisuleOurOwn(m): 5:47pm On Jul 30, 2015
.

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