Finance Minister Kemi Adeosun has said the ministry has succeeded in reducing Federal Government’s monthly wage bill from N165bn to N142bn by eliminating 33,000 ghost workers.
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| Kemi Adeosun |
Adeosun, represented by the Head of the Efficiency Unit at the Ministry, Mrs. Patience Oniha, at the 2016 Fiscal Liquidity Assessment Committee Retreat, said the ministry had discovered that it could also save money by reviewing government’s procurement processes.
She said that through the Efficiency Unit, the ministry had succeeded in negotiating huge discounts for government officials traveling on local and international flights for official assignments.
Adeosun said that the ministry had also been able to save cost by banning sitting allowances, souvenirs at government’s functions and unnecessary adverts which had contributed to the high recurrent expenditure in government. Click to signup for FREE news updates, latest information and hottest gists everyday
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ReplyDeleteOfficial stealing of Public fund through procurement act which allow extra 40% on any contract sum as profit markup or margin should be eliminated. Can you imagine a contrator give you quote for a supply, and then govt officials will add extra 40% to the quote as profit margin for the contractor. Did he tell you that he has not made profit? Anyway, the 40% finds its way back to the same govt officials . Order from above.
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