TO save more money, the Trade Union Congress – TUC, has asked the Tinubu administration to slash the cost of governance.
TUC President, Festus Osifo said on Friday that reducing the amount of money being spent on running the government will help save more funds to tackle other needs.
“The government has told us that they are going to save a massive amount of money when the subsidy is removed. So, part of this money should also go to taking care of Nigerians, especially the vulnerable,” he said on Channels Television.
Osifo also advised the government to be proactive in exploring opportunities to generate more revenue for the nation.
“Crude oil is being sold in dollars (USD); when they were repatriating the money before now, the exchange rate was around N460 to a dollar. But today, it is going to be about N700, which means that there would be much more naira available to the government.’’
“More importantly is that, as a government, they must be creative. As a government, they must be innovative; they must put on their thinking cap and be able to grow the revenue of the country.”
The TUC leader also reminded the President Bola Tinubu of his campaign promise, saying the former Lagos State Governor had told Nigerians that there would be an increase in revenue generation and the growth of the country.
