The traditional ruler said it is wrong to spend half of
 the country’s resources on paying salaries and allowances of political 
office holders.
Asuquo made the call on Sunday, June 7, in Calabar, when he addressed newsmen at the Margaret Ekpo International Airport.
Asuquo, who represented Calabar/Odukpani Federal
 Constituency in the National Assembly, said that is important to slash 
jumbo pay of political office holder in order to reduce the cost of 
governance.
“Every political office holder’s salary in this 
country should be slashed at least by 50 per cent. The cost of 
governance in Nigeria is the highest in the world.
“It is wrong to use half of the country’s 
resources to pay for salaries and emoluments of political office holders
 with nothing left for capital development.
“If we do not have money for capital development,
 the country will not develop; we are spending too much on recurrent 
expenditure that does not generate income,’’ he said.
According to him, President Buhari has promised to 
cut cost of governance to an acceptable level, adding that it will save 
the country more funds for developmental projects.
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