They have stuck to this practice as ‘‘job for the boys.’’ No serious country with a performing bureaucracy does this. To be sure, the cost of governance is burdensome and needs to be cut drastically – to save us from loan for consumption. Nigeria is the only country in the world where globally quoted costs are inflated barefacedly by public officials without consequences. The country will not need to resort to another external borrowing if proper financial management behaviour and practices can be institutionalised. Indeed, the task to build Nigeria is not the task of a single administration but a continuum.

Source: The Guardian January 29, 2020 03:56 UTC