Nigeria is an emerging economy, considered as the fastest growing economy on the continent. Yet according to numbers from the United Nations Development Program (UNDP), over 61% of Nigeria’s population lives under $1 per day. In the last four years, the country has gone through a steady battering, with raging terrorism in the North east, and a failing infrastructure that means the cost of business and livelihood are at an all time high. In the last couple of years, corruption has also been significantly high and amnesty granted to politicians who were known to have looted from the treasury.
Fast forward to March 2015, Nigerians voted for what has come to be known as change. President Muhammadu Buhari was sworn into office on May 29th, 2015 and he promised in his inauguration speech, to prioritise the tackling of terrorism and the improvement of infrastructure. He has spent his first two weeks in office travelling to some parts of West Africa and to Germany; to discuss the strategy for fighting Boko Haram and to engage with world leaders at the G7, respectively.
Nigerians have very high hopes, particularly given the poverty that is rife in the country. Imagine the shocker today when the realisation hit, that this may be business as usual. The realisation that politics is indeed a quick avenue to rob the country and enrich oneself. The Senators and the Members of the House of Representatives in Nigeria are very well paid. Indeed they are so well paid that the 8th National Assembly which has recently been sworn in will allegedly receive the sum of NGN9billion which is about 28 million pounds for wardrobe allowance. No statement denouncing this has been issued by the National Assembly. Nigeria is spending this much to clothe the members of the National Assembly, yet we receive international aid. This is incredibly shameful.
In other words, the Senators will receive about 21.5 million naira each, while the legislators at the House of Representatives will receive 17.5 million naira each, all for clothes. The question is; how is it that a country which still receives aid from the countries in the G7 is giving about 60-70,000 pounds each to its senators and lawmakers to buy clothes? This is the annual salary of members of Parliament in a country that gives Nigeria aid. Nigerians are waiting and hoping that President Buhari intervenes in this and puts a stop to this wastefulness, vulgarity and mismanagement.
Furthermore, considering that Nigeria’s 2015 budget was approved by Goodluck Jonathan the former President, one understands that this wardrobe allowance was not fundamentally instituted by the Buhari government. However, he is the President and has the authority to dispose of certain wasteful parts of it or to review it, thus we shall hold him responsible.
Finally, recall that Nigeria is heavily reliant of oil and gas for 99% of its revenue. The 2015 budget was laid out using the revenue number of $70 per barrel. Since the price of oil has not risen above $64 per barrel since its crash to about $40-$45 per barrel last year, this government must begin to cut back, it should be running an austerity government. The economy must be run efficiently with as many cuts as possible where feasible. This ridiculous wardrobe allowance is one of such costs which should be implemented. Nigerians are watching President Buhari closely to see what kind of policies, economy and country he will run.