“We must be careful about reducing cost of Governance” – Tinubu

National Leader of the All Progressives Congress, Bola Tinubu has suggested that reducing the cost of governance is not a one-way street. He said the two sides of the coin should be considered as it is the key factor in the socio-economic development of any nation.

The former Lagos State Governor made the remark while speaking at the 11th Arewa House Annual Lecture in Kaduna state.

“Cost of governance is always a key factor in the socio-economic development of any nation,” Tinubu said.

“But it is also one side of that very important coin. We must not look at the cost alone, we must weigh the cost against the benefits derived therefrom. For example, one can pay a high cost on a productive enterprise but reap a higher benefit; such would be considered a good investment.

“However, one can pay a low cost but reap no benefit at all in the endeavour. We inherently say it is unproductive. Thus we must be careful in what we say and truly mean when we talk of cost of governance.”

Meanwhile, Tinubu also shared his thoughts on how Nigeria can solve its unemployment problem.

“The development of any populous nation has always been dependent on the ability of government to allocate sufficient fund to projects and programs that create and encourage enduring growth and employment,” he said.

“We must reject that mode of thinking that assumes government expenditure is inherently unproductive as well as harmful to the overall economy.”