BREAKING NEWS:OSHIOMHOLE,BACKS LAMIDO & FRANK UKONGA ON THE NEED FOR FISCAL DISCIPLINE, ACCOUNTABILITY AND PRUDENT MANAGEMENT OF RESOURCES

H.E. ADAMS OSHIOMHOLE

H E. Adams Oshiomhole yesterday through his executive weight backing the Central Bank of Nigeria Governor Sanusi Lamido, who observed that over 70 % of the Nigerian earnings is spent on recurrent expenditure leaving only a small sum of less than 30% to  capital expenditures and he called for pruning down of staff to 50% down sizing. Governor Oshiomhole in supporting this said that it would be proper for the down sizing to come from down sizing executive spending of big government officials rather than down sizing the lower aspects of the ladder in Govt employment as this will cause hardship and redundancies. So now Governor Adams Oshiomhole who earlier on lashed out at the idea is now on same page with Malam Sanusi Lamido but the argument has moved to which segment of the society should bear the brunt.
 Earlier on, the argument  was kick started by the monthly State of the Nation Lectures of Prince Frank Ukonga- A Presidential Aspirant of the Nigerian Federation in the 2015 polls where he observed the high cost of overheads in running government in Nigeria, the high cost of making Laws in Nigeria as the Legislatures and MP collects at least 25% of all the earnings to make laws and pass bills. Prince Ukonga fired the Salvo calling for far reaching ideas as the followings to bring Nigeria out of the most corrupt Nation and poverty indicators of the world . Prince Ukonga offered that there is the need for fiscal discipline, prudent management of  funds and economy as well as offered the imperatives of the following points:
1]separation of Local Government / State Government account: Immediately he advised ALGON to go to court on the issue and ALGON - The Association of Local Government in Nigeria has taken the case to court 2 days ago. 
President Goodluck Jonathan backs Frank Ukonga and Sanisi Lamido: Just as Gov Oshiomhole's Endorsement of the idea of Sanusi and Ukonga on the need for fiscal discipline, accountability and strict managements of funds, the President of the Nigeria Federation H.E. Goodluck Jonathan, was the first person to back Prince Frank Ukonga's idea of promoting a bill for LG/ STATE Government separation of account, Local Govt Autonomy etal
2]Autonomy to INEC: Prince Frank Ukonga Advised that INEC should be given financial autonomy,and assisted with all its need to be a good umpire in the Nigerian democracy. INEC is on  the move already - has proposed financial autonomy to the Senate yesterday as well as asking for more laws addressed towards its independence- These are giants strides of Prof. Atahiru Jega.. Today INEC de  registered 28 political parties ... INEC has began to rejig itself in line with the observations offered by Prince Frank Ukonga in the State of the Nation lectures released two weeks ago weeks ago
3] Imperatives of constitutional review to thinker with unequitable allocation of LG, States, funds, etc- .
Dr Patrick Iwebo- Director of Research and national Development
 National Peoples News

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