Former Deputy Governor of the Central Bank of Nigeria and one-time presidential aspirant, Kingsley Moghalu, has recommended a 50% cut in the salaries and allowances of members of the National Assembly and political office holders in the face of the biting economic hardship in the country.
Moghalu, an economist, who made the recommendations when he featured on Channels Television’s Politics Today programme on Monday night, lamented the fact that despite the hardship facing Nigeria in the wake of the petrol subsidy removal, the “country’s governance culture encourages extravagance among political leaders and appointees.”
“I recommend a 50% cut for all political office holders and all national legislators. It would make people a little bit more sober. It would make them understand that we are in hard times,” Moghalu insisted.
