Sack Workers To Save Economy, Sanusi Tells Govt •Says 36 States Unsustainable; 774 LGAs Waste Of Public Funds

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Mallam Lamido Sanusi.  Source

GOVERNOR of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has asked the Federal Government to downsize the labour force if it must achieve anything meaningful as far as economic resuscitation is concerned in the country.

Sanusi, who also insisted on total fuel subsidy removal, took a swipe at the Nigerian political system, asking for an inexpensive government system that will bring down overhead cost and liberate capital for infrastructural development. These calls were made during his presentation at the second Annual Capital Market Committee retreat that was held on Tuesday, in Warri, Delta State. To Sanusi, it is illogical for a country to have its economy developed when it spends 70 per cent of its revenue  in servicing salaries and gratuities of workers.