Wednesday, February 11, 2009

Political Phantasmagoria

The recent news that the Nigerian President has announced pay cut for all politically-appointed office holders is highly commendable.
Now to face the facts, everyone in the nation (even little kids in creche) know that salaries to these people don't add up to 10% of their earnings/emoluments/egunjes/erans/greases. So who dey lie dash who?
Even with the pay cut, being a Minister in Nigeria automatically makes one an instant billionaire. The structure in place enables this at the expense of the nation and development of critical infrastructure. Except that is addressed, cutting pays will only amount to trying to catch up with Haile Gebrselassie while running on a threadmill.
The fig. below says it all.
An educative write-up on it can be found here.

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