President Bola Tinubu is set to announce a series of drastic cuts in government expenses, beginning tomorrow, as part of efforts to reduce the cost of governance in Nigeria. This was disclosed by Bayo Onanuga, a senior adviser, who stated that the forthcoming measures will demonstrate the administration’s commitment to addressing the nation’s fiscal challenges.
“The cuts will be significant, showing that the government is serious about reducing the cost of governance,” Onanuga said, without revealing specific details about which sectors will be affected.
The move comes amid rising public concerns over government spending and the country’s growing debt profile. By implementing these measures, the Tinubu administration aims to streamline operations, improve fiscal efficiency, and allocate more resources to critical areas such as infrastructure, education, and healthcare.
Observers are awaiting further details on the scope of the expense reductions, which could include salary cuts for top government officials, reductions in administrative costs, and stricter oversight on public sector spending. The president’s announcement is expected to set the tone for deeper reforms in the coming months.