Recession: SERAP Tells President Buhari To Cut Cost Of Governance
Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari asking him to cut the cost of governance and implement bold transparency and accountability measures in response to Nigeria’s second recession in five years.
In the letter dated 21 November, 2020, signed by SERAP deputy director, Kolawole Oluwadare, the group disclosed that the economic crisis provides an opportunity to prioritise access of poor and vulnerable Nigerians to basic socio-economic rights, and to genuinely recommit to the fight against corruption.
SERAP stressed that Implementing human rights, transparency and accountability measures would save money, address projected adverse human rights impacts of the recession, and fast-track the economic recovery process.
According to the group, it is not too late to take urgent measures that would put the country’s wealth and resources to work for the common good of all Nigerians.
“Decades of mismanagement and corruption, and deep-seated deficiencies in public financial management have directly contributed to higher levels of borrowing and public debts, and consequently, the economic recession. Successive governments have squandered the promise afforded by the country’s natural wealth and resources,” SERAP said.