COST CUTTING: FG PEGS BOARD MEETINGS, TO SAVE N1 BILLION ANNUALLY
In continuation of its cost-cutting drive, the Federal Government has pegged the frequency of meetings of part-time Chairmen and members Committees, Boards of Statutory Corporations and Government-owned companies from eight to four times annually, with savings of over N1 billion per annum, a statement from the Efficiency Unit of the Federal Ministry of Finance indicates.
EXECUTIVE SUMMARY OF THE PRESENTATION MADE TO CAPTAINS OF INDUSTRY AND OTHER STAKEHOLDERS ON 9TH APRIL 2016 BY THE HONOURABLE MINISTER OF FINANCE OF THE FEDERAL GOVERNMENT OF NIGERIA,
As we are all aware, we have inherited a set of conditions that requires us to refine how we collectively work towards ushering in a new era in Nigeria. In the past, we had the means but not the will. Now we have the will but we no longer have the money to invest. The safety blanket of oil has been ripped away, laying the poverty of Nigeria’s institutions bare.
EFFICIENCY UNIT, OSGF COLLABORATE ON COST CUTTING MEASURES ON TRAVELS
In line with its mandate, the Efficiency Unit of the Federal Ministry of Finance is collaborating very closely with the Office of the Secretary to the Government of the Federation (OSGF) and the Office of the Head of the Civil Service of the Federation (OHCSF), to review the provisions of some extant government Circulars on Overhead Expenses one of which is on Travels.
ADEOSUN SETS OUT PLAN TO RESET NIGERIA’S ECONOMY
At a special event hosted by the Lagos Business School, Nigeria’s Finance Minister, Kemi Adeosun, set out the government’s plan to reset Nigeria’s economy with structured borrowing, targeted investment and diversified growth.
FINANCING OUR FUTURE
Writing this, my third article on the economy, I’m keenly aware that the question Nigerians want answered is: what is government doing to address our economic challenges? The first thing to state is that there are no quick fixes, but our strategy is clear and the expected outcomes are pretty compelling.