FG plans to do this with workers salaries

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– Nigeria’s finance minister, Kemi Adeosun, has revealed that federal government spends N165 Billion monthly to pay monthly salaries and allowances of workers

– President Muhammdu Buhari has announced compulsory automation of payment of workers’ salaries and allowances in order to reduce cost of governance

Kemi Adeosun talks about the Nigerian economy

Minister of finance, Kemi Adeosun

The minister of finance, Kemi Adeosun today disclosed that the federal government spends N165 Billion to pay monthly salaries and allowances of workers across the country.

In order to reduce the huge wage bill, President Muhammdu Buhari has directed the compulsory automation of payment of workers’ salaries and allowances as a means of reducing the cost of governance, The Nation reports.

Adeosun speaking when serving chiefs under the federal ministry of interior came to the ministry of finance to plug into the payment automation exercise, said President Buhari wants everybody to be on the automated payment system which will lead to improvement in financial control and transparency.

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Mohammed Dikwa, the ministry of finance’s director of special projects, who is in charge of the continuous audit revealed that: “As at today, since we started the continuous audit programme, we have saved about N50 billion and over 43,000 ghost workers have been removed from the payroll of the federal government.”

Two weeks ago, the minister of finance, declared that

Speaking on the economy reform agenda of the government, she stressed that the N165 billion represents 40% of the governement total spending — the huge figure would be reviewed in the near future.

The post FG plans to do this with workers salaries appeared first on Nigeria News today & Breaking news | Nigerian newspapers | Read on NAIJ.COM.

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