The Minister of Finance, Mrs. Kemi Adeosun, says the ministry has succeeded in reducing the Federal Government’s monthly wage bill from N165bn to N142bn by eliminating 33,000 ghost workers.
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 travelling on local and international flights for official assignments.
Adeosun added 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.
Meanwhile, Adeosun has stated that cash, landed properties, high valued automobiles and jeweleries recovered from the looters, cannot be used to fund projects due to ongoing litigations.