The Federal Government on Tuesday said it has been able to reduce the monthly wage bill of civil servants in Ministries, Departments and agencies from N165bn to N145bn monthly.
The Permanent Secretary, Ministry of Finance, Mr Mahmoud Dutse gave the figures while speaking with journalists at the sideline of a workshop on cost management.
The event was done to sensitise stakeholders on the need for transparency, accountability, prudence and efficiency in the management of government resources.
He said the N20bn reduction in monthly wage bill was achieved after an audit conducted by the Presidential Initiative on Continuous Audit.
Dutse said in addition to the monthly savings of N20bn, the sum of N15bn had been saved from reduction in overheads and excessive foreign travels and other allowances paid to civil servants
This N15bn savings according to him was achieved through the activities of the Efficiency Unit that was set up by the Minister of Finance, Mrs Kemi Adeosun.
Dutse said the federal government is not only interested in cutting cost of governance. but to also get value for the funds allocated for implementation of government programs.
He said, “This workshop is a cost management workshop organised for the Directors of MDAs. Basically, it centered on how we should manage government’s funds better.
“As you all know, due to sharp decline in government revenue , we must manage our purse more efficiently . Though the revenue has gone down, expenditure has not gone and this is creating fiscal pressure.
Source:© Copyright Punch Online