Severance package for politicians hinders development – Afe Babalola


Founder of Afe Babalola University Ado-Ekiti (ABUAD), Aare Afe Babalola, SAN has berated the outrageous severance packages for politicians in the country.

The renowned legal luminary, who equally proposed that the National Assembly lawmakers should not receive salaries but sitting allowances says it hinders growth and development.

The ABUAD founder, who stated this during the 63rd yearly general meeting of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) held at the university’s campus, said the current office holders should be forbidden from having foreign accounts.

He, however, tasked NACCIMA not to be silent on the current travails facing the country, wondering why the body remained aloof to the nation’s indebtedness.

Babalola also urged the association to set up a committee to review how foreign debts accumulated by previous regimes were disbursed.

In his remarks, Ekiti State Governor, Biodun Oyebanji, urged NACCIMA members to take advantage of the favourable investment opportunities to invest in the state.

Oyebanji said that Ekiti had taken proactive steps by enacting laws to promote private sector involvement in infrastructure, education, agriculture and health sector.

He said part of the incentives for would-be investors include the simplified tax payment, easy access to land, among others.

Also, the former Minister for Trade and Investment, Niyi Adebayo, said the immediate past administration did well in agriculture and health and the fight against corruption.

He said that for the first time, an investment policy was designed and approved for the country, a feat that has not been achieved before.


Grab our latest Magazine, "2024 NBA ELECTIONS: THE MEN WHO WOULD BE PRESIDENT". Get your order fast and stress free. New mag

For more details about Newswire Law&Events Magazine, kindly reach out to us on 08039218044, 09070309355. Email: You will be glad you did

Do you want to be heard, your events covered, your articles published, or need to advertise your products and services on our Blog and Magazine, reach out to us at Newswire Law and Events, you will be glad you did. For more details about our services, please call: 08039218044, 09070309355. Email:


Please enter your comment!
Please enter your name here