The former Governor of Anambra State Peter Obi gave a resounding speech over the weekend that went viral. It’s a speech you should watch if you have not seen it. The Governor provided Nigerians with a unique insight into the how state government incur wasteful government expenditure.
Nigerians who are well aware of huge government waste, got a dose of reality listening to the Governor dish out truth. We also got this dose and decided to crunch the numbers ourselves.
The first 15 minutes of the speech was our best because that was where he actually provided an insight into how much States could cut in terms of Government Waste. The total amount came to a remarkable N1.3 trillion in one year.
So here it is;
|What to cut||Description||What to do||Actual||Achievable||Savings|
|Security Votes||Given to every State Gov||Reduce it to 5%||840,000,000,000.00||42,000,000,000.00||798,000,000,000.00|
|Procurement||Adopting competitive procurement||Ball park savings||450,000,000,000.00|
|Office of First Lady||Unconstitutional but a norm||Remove it completely||72,000,000,000.00||0||72,000,000,000.00|
|Bullet Proof Vehicles||Most State Govt own about 6||Reduce it to 2||21,600,000,000.00||7,200,000,000.00||14,400,000,000.00|
|Jeeps||Most States own like 25 each||Reduce it to 8||31,500,000,000.00||10,080,000,000.00||21,420,000,000.00|
|Dispatch Bikes||States own between 6 -8||Remove it completely||3,456,000,000.00||0||3,456,000,000.00|
|Travel||Gov spend between N500m - N600m on Travel||Reduce it to one-third||21,600,000,000.00||7,200,000,000.00||14,400,000,000.00|
Do you think this is achievable?