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The Lagos Chamber of Commerce and Industry (LCCI) has commended the Tinubu’s government for having trimmed the costs of foreign trips by the government officials.
The Director- General of LCCI, Dr Chinyere Almona, said that the LCCI welcomes the government’s decision to reduce the number of public officials on foreign trips and the recent directive to suspend all public-funded foreign trips for government officials, effective April 1, 2024.
" This is commendable as it would bring about effective management of the cost of governance in the country.
“We particularly commend the government’s decision to reduce the number of public officials on foreign trips and the recent directive to suspend all public-funded foreign trips for government officials, effective April 1, 2024.
These measures, by effectively managing the cost of governance, are a positive step towards a more economically stable Nigeria.
“Considering the current economic challenges facing our nation, including soaring inflation and high living costs exacerbated by the removal of petrol subsidies and forex market crises, the government must take decisive action to cut unnecessary expenses and even reduce statutory expenditures, where possible.
The decision to temporarily halt public-funded foreign trips aligns with the urgent need to prioritize cost-saving measures without compromising the effectiveness of governance.”
“LCCI acknowledges the government’s concern about the rising cost of travel borne by government’s Ministries, Departments, and Agencies (MDAs).
“By this suspension, the government can redirect valuable resources towards more pressing priorities, including infrastructure development, social welfare programs, and economic stimulus initiatives.”
The Chamber challenged governments at all levels to take similar actions aimed at cutting the cost of governance.
