PSN kicks as Senate plans 1% yearly tax on companies to fund tertiary healthcare | The Guardian Nigeria News - Nigeria and World News

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ICYMI: PSN kicks as Senate plans 1% yearly tax on companies to fund tertiary healthcare | The Guardian Nigeria News - Nigeria and World News

Ohuabunwa spoke at a public hearing on five bills organised by the Senate Committee on Health, chaired by Senator Ibrahim Oloriegbe.

But Ohaubunwa said it is true that funds are needed to support health, which they are in agreement with. However, he said it should not be at the expense of the private sector. Ohuabunwa added: “One of the things we should be suggesting is to reduce bureaucracy, cost of running government, cost of running National Assembly, cost of running all the different sectors. We are spending so much on bureaucracy, over 70 per cent on recurrent expenditure whereby we are leaving less than 30 per cent for capital.

“Government should take one or two it can do and make it a model, then invite private sector to use that model to build their own.“Public sector putting money everywhere is causing us pain. Not to build more now, you have one or two make them functional, operate at global best standard. It can be yielding income, attract other investors, attract endowment and they can expand.

“Let us be sure that we are training the number we can employ. Not to be training people that will become frustrated because they have no place to work; nobody is helping them, there is negative feedback on that…”

 

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Pension Fund Fraud comes to mind!!!!

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