Recession: SERAP warns Buhari’s-led Govt to do this to help fasten the economy recovery in 14 days or face this

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The Nigerian leader, President Muhammadu Buhari, has been warned by the Socio-Economic Rights and Accountability Project to cut the cost of Governace in Nigeria immediately.

Nigeria, the African biggest economy, has entered another recession and the worst in decades.

 While reacting, the SERAP group told President Buhari to put the nation’s resources at the masses’ service to enable them to enjoy a good standard of living.

According to the letter signed by Kolawole Oluwadare, the deputy director of SERAP, the economic crisis provides an opportunity to prioritise access of poor and vulnerable Nigerians to basic socio-economic rights genuinely commit to the fight against corruption.

The group also emphasized saying the country cannot afford going back to recession and urged implementation of accountability and transparency measures to save money that will help fasten the economy recovery.

SERAP also said that it is not too late to take steps to put the nation’s wealth and resources to work for Nigerians’ common good.

They cried out to the Buhari-led governmrnt for mismanagement and corruption and deep-seated deficiencies in public financial management that have directly contributed to higher levels of borrowing and public debts, and consequently, the economic recession.

It lamented that successive governments had squandered the promise afforded by the country’s natural wealth and resources.

The letter read in part: “The paltry resources Nigeria invests in essential public goods and services that would benefit ordinary Nigerians can be partly explained by the high spending of public funds to finance a life of luxury for members of the National Assembly, state governors, and other powerful politicians.

 “The country’s resources appear to have been used almost exclusively for the benefit of the political elites rather than on projects that would ensure the right to an adequate standard of living, the maximum welfare, prosperity, freedom, and happiness of every citizen based on social justice and equality.

“SERAP is seriously concerned about the adverse consequences of the economic crisis on the human rights of poor and vulnerable Nigerians, including denying them access to essential public goods and services such as healthcare, education, clean water, and regular electricity supply.”

The organization urged President Muhammadu Buhari to commence moves to cut spendings on government and its officials.

If this doesn’t happen in 14 days, it shall take legal action against the administration, SERAP.

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