An Economist, Toba Olabode has called on Nigeria Labour leaders to advocate for reduction of salaries of political office holders in the country.
This, he noted will tackle the present economic situation as he described monetization of politics as a bane to the nation’s economic depression.
Olabode in a chat with the Ebony Herald International in Akure, Ondo state, he called on labour leaders to fight for reductions in the salaries and wages of politicians saying that there was no other way to achieve the struggle.
His words: “What I think the labour should do is to go and lock up the National Assembly gate and say, ‘ we want every body in the Senate to earn maximum of #850 which is the range of Permanent Secretary salary in Abuja”
“Officially, Revenue mobilization Commission is saying the highest paid legislature should be #1.4million but how they arrived at #36million, nobody knows and nobody cares”.
The Presidency, he said must be involved and be able to advise on the need to adhere to the law of mobilization and getting the Constitution to reduce their salaries and wages.
According to him,” The President had not done well enough by reducing his money with his vice by 50%, he should have immediately pronounced that the national Assembly and Senate own be reduced by a certain amount”.
“If Mr President wants to give his speech by 29th of next month, he should tell Nigerians that, “look, we cannot continue using deficit to finance out budget. He should asked Nigerians what we are financing with it. We are financing recurrent not even structural development”.
Olabode who observed that Nigerian senators earn more than any senator in the world, noted that Nigeria must be realistic in addressing the issue of salaries of the political office holders if it wants to move forward.

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