• Home
  • Top Stories
  • News
    • Photo News
  • Politics
  • Business
  • Crime & Security
  • Sports
  • Intimacy
  • About Us
    • Contact Us
    • Privacy Policy
    • Advert Rate
  • More
    • Opinion
    • Lifestyle & Entertainment
    • Foreign News
    • Health
Facebook Twitter Instagram
Thursday, October 29
Facebook Twitter Instagram
Prompt News
  • Home
  • Top Stories
      Featured

      FCDA Official Jailed 25 Years for Land Racketeering

      Crime & Security October 29, 2026
      Recent

      FCDA Official Jailed 25 Years for Land Racketeering

      October 29, 2026

      Tinubu heads to Makkah to perform Umrah

      October 28, 2026

      Dangote Refinery IPO Attracts Investors From 120 Countries

      October 28, 2026
    1. News
      1. Photo News
      Featured

      Akpabio alleges paid social media attacks on Tinubu, rallies youths for 2027

      News October 29, 2026
      Recent

      Akpabio alleges paid social media attacks on Tinubu, rallies youths for 2027

      October 29, 2026

      Davido Features Wife Chioma In New Video, Recreates Proposal Moment

      October 29, 2026

      Tinubu heads to Makkah to perform Umrah

      October 28, 2026
    2. Politics
        Featured

        JUST IN: Court removes Uzodinma, declares Okorocha APC senatorial candidate

        Politics October 29, 2026
        Recent

        JUST IN: Court removes Uzodinma, declares Okorocha APC senatorial candidate

        October 29, 2026

        Imo: Tinubu needs another term to consolidate reforms — Tompolo

        October 27, 2026

        Peter Obi has nothing to offer as president — Shettima

        October 27, 2026
      1. Business
          Featured

          Dangote Refinery IPO Attracts Investors From 120 Countries

          Business October 28, 2026
          Recent

          Dangote Refinery IPO Attracts Investors From 120 Countries

          October 28, 2026

          UBA Intensifies N61bn Loan Recovery Drive, Seeks Jail Term For WEMPCO Directors

          October 27, 2026

          NCMMP 2.0: The Gaps in National Alignment and Inclusive Consultation

          October 27, 2026
        1. Crime & Security
            Featured

            Why I quit RCCG UK leadership despite influence, Pastor explains

            Crime & Security October 29, 2026
            Recent

            Why I quit RCCG UK leadership despite influence, Pastor explains

            October 29, 2026

            FCDA Official Jailed 25 Years for Land Racketeering

            October 29, 2026

            Banker gets 39 years for N2.7bn fraud involving government accounts

            October 29, 2026
          1. Sports
              Featured

              FIFA U-17 WWC: Busari Sticks with Winning Team in Flamingos Vs Mexico

              Sports October 29, 2026
              Recent

              FIFA U-17 WWC: Busari Sticks with Winning Team in Flamingos Vs Mexico

              October 29, 2026

              Okoye hails instinctive penalty save after Udinese end losing streak

              October 29, 2026

              U17 WWC: Ghana through to quarter-finals as Morocco crash out

              October 28, 2026
            1. Intimacy
            2. About Us
              • Contact Us
              • Privacy Policy
              • Advert Rate
            3. More
              • Opinion
              • Lifestyle & Entertainment
              • Foreign News
              • Health
            Prompt News
            Home » Recession: SERAP asks Buhari to cut cost of governance
            News

            Recession: SERAP asks Buhari to cut cost of governance

            Prompt NewsBy Prompt NewsNovember 22, 2020No Comments6 Mins Read
            Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email

            Warning: Attempt to read property "post_excerpt" on null in /home/promptne/public_html/wp-content/themes/smart-mag/partials/single/featured.php on line 62

            Warning: Trying to access array offset on value of type bool in /home/promptne/public_html/wp-content/themes/smart-mag/partials/single/featured.php on line 68
            Share
            Facebook Twitter LinkedIn Pinterest Email

            Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him “to put the country’s resources at the service of human rights, and to support the less well-off to enjoy an adequate standing of living through cutting the cost of governance and implementing bold transparency and accountability measures in your government’s response to Nigeria’s second recession in five years.”

            In the letter dated 21 November, 2020 and signed by SERAP deputy director Kolawole Oluwadare, the organization said: “This economic crisis provides an opportunity to prioritise access of poor and vulnerable Nigerians to basic socio-economic rights, and to genuinely recommit to the fight against corruption. The country cannot afford getting back to business as usual.”

            SERAP said: “Implementing human rights, transparency and accountability measures would save money, address projected adverse human rights impacts of the recession, and fast-track the economic recovery process. It is not too late to take urgent measures that would put the country’s wealth and resources to work for the common good of all Nigerians.”

            According to SERAP: “Decades of mismanagement and corruption, and deep-seated deficiencies in public financial management have directly contributed to higher levels of borrowing and public debts, and consequently, the economic recession. Successive governments have 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 on the basis of 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.”

            “We would be grateful if your government begins to implement the recommended action and measures within 14 days of the receipt and/or publication of this letter. If we have not heard from you by then as to the steps being taken in this direction, SERAP shall take all appropriate legal actions to compel your government to implement these recommendations for the sake of human rights, transparency and accountability.”

            “Nigeria has been poorly governed for many years, with systemic and widespread corruption at all levels of government, contributing to failures by successive governments to deliver essential public goods and services to Nigerians, contrary to the country’s constitution and human rights and anticorruption obligations.”

            “Huge budgetary allocations to fund security votes, renovate the National Assembly complex, pay jumbo salaries and allowances to members of the National Assembly, and life pensions to former governors and their deputies, as well as massive corruption in ministries, departments and agencies [MDAs] contribute to low provisions for health, education and other essential public goods and services.”

            “Prioritising the human rights of poor and vulnerable Nigerians means providing public goods and services free of charge for those who cannot afford them. This is the time to prioritise poor and vulnerable Nigerians, and to ensure that any response to the recession goes well beyond bailing out large companies and banks.”

            “Our requests are brought in the public interest, and in keeping with the requirements of the Nigerian Constitution 1999 [as amended], and Nigeria’s international obligations, including under the UN Convention against Corruption, and the International Covenant on Economic, Social and Cultural Rights, as well as the UN Guiding principles on human rights impact assessments of economic reforms.”

            “Your government ought to have taken full advantage of court judgments ordering the full recovery of stolen public funds, recovery of life pensions collected by former governors and their deputies, and mandating your government to hold to account corrupt electricity contractors and companies that collected billions of naira but disappeared with public funds without executing any projects.”

            “The continuing failure to enforce these judgments has contributed to increasing level of borrowing, and in the process, the inability to fulfil the country’s anti-corruption and human rights obligations to progressively realize the human rights of poor and vulnerable Nigerians, including their rights to affordable and decent health care, clean water, adequate sanitation, and education.”

            “As the National Bureau of Statistics stated, the country’s GDP recorded a negative growth of 3.62 per cent in the third quarter of 2020. The country had earlier recorded a 6.10 per cent contraction in the second quarter.”

            “SERAP therefore urges you to prioritise citizens’ socio-economic rights and undertake comprehensive reform to stem grand corruption including in MDAs, hold corrupt electricity contractors to hold, fully recover all stolen public funds, and life pensions collected by former governors and their deputies, and ensure a transparent and accountable spending of any recovered public funds on projects that will directly benefit poor and vulnerable Nigerians.”

            SERAP also urged President Buhari to:

            Increase investment in public health, the healthcare system, education services, provision of clean water and other basic public goods and services that will benefit majority of the population;
            Re-direct budgetary allocations to renovate the National Assembly complex and take urgent steps to ensure that essential public goods and services are available to poor and vulnerable Nigerians;
            Improve transparency and quality of information in government budgets and reform public financial management to bring it in line with international standards, and safeguard the right of media and civil society to speak out against corruption and human rights abuses;
            Direct the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) to urgently undertake a downward review of remuneration and allowances of all political office holders including President, Vice-President state governors and their deputies, and members of the National Assembly, consistent with the provisions of paragraph N, 32[c][d] of the Third Schedule, Part 1 of the Nigerian Constitution;
            Regularly and widely publish full accounts of projected and actual government revenues and expenditures;
            Immediately instruct the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and Economic and Financial Crimes Commission (EFCC) to jointly investigate allegations of systemic and widespread corruption in MDAs, as documented by the Auditor-General of the Federation, and to ensure effective prosecution of those suspected to be involved, and recovery of any stolen public funds;
            Ensure independence of the Office of the Auditor-General of the Federation

            SERAP
            Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
            Previous Article2023 presidency: Rep urges South-East politicians to join APC
            Next Article Sanwo-Olu to establish youth affairs units in LGs, LCDAs
            Prompt News

              Related Posts

              Akpabio alleges paid social media attacks on Tinubu, rallies youths for 2027

              October 29, 2026

              Davido Features Wife Chioma In New Video, Recreates Proposal Moment

              October 29, 2026

              Tinubu heads to Makkah to perform Umrah

              October 28, 2026
              Add A Comment

              Comments are closed.

              Recent Posts
              • Why Comparing Ghana’s Film Industry With Nollywood Is Unfair – Majid Michel
              • FIFA U-17 WWC: Busari Sticks with Winning Team in Flamingos Vs Mexico
              • AY Reacts To Cancellation Calls After Missing Cardiff Show
              • JUST IN: Court removes Uzodinma, declares Okorocha APC senatorial candidate
              • Why I quit RCCG UK leadership despite influence, Pastor explains

              CONTACT INFORMATION

              Prompt News Online is published by PNO Dynamic Media Limited.

              Address: Suite 24, Abebi Plaza, Oluseyi, Sango – Eleyele Road, Ibadan, Oyo State, Nigeria.

              Managing Editor/CEO: Akeem Oyetunji

              Email: promptnewsonline@gmail.com or editor@promptnewsonline.com

              Phone/WhatsApp: +234806 286 2057
              Or 0805 386 6284

              ABUJA OFFICE: 
              Address: Suite D76, EFAB Mall
              Off Gimbya Street, Area 11, Garki, Abuja
              ABUJA BUREAU EDITOR: Harry Awurumibe
              Phone: 0803 302 4300
              Email: harryawurumibe360@gmail.com
              UK OFFICE:
              Address: 34 Skipper Court,
              Abbey Road, IG 11 7GW.
              Barking, London, UK.
              EDITOR EUROPE: Bolaji Oyegunle
              Phone +447878196776
              Email: gb10oyegunle@gmail.com
              © 2026 Prompt News Online. Designed by DeedsTech.
              • About Us
              • Contact Us
              • Advert Rate
              • Privacy Policy

              Type above and press Enter to search. Press Esc to cancel.