- Minister of Finance, Kemi Adeosun, has disclosed that between 2016 and 2017, the federal government was able to save the sum of N125bn through reduction in travel allowances
- She said the ministry’s efficiency unit has embarked on several cost-cutting initiatives that have influenced the issuance of circulars to all the MDAs
- Breaking down the figures, she disclosed that the government was able to save N57bn on travel and transport in 2017, compared to 2016
The federal government has been able to save the sum of N125bn through reduction in travel allowances, between 2016 and 2017, says the minister of finance, Kemi Adeosun.
She said the money was saved through the ministry’s efficient unit, which was set up to reduce the cost of governance, Punch reports.
Legit.ng gathers that in order to reduce the federal government’s overhead, the unit had issued circulars to Ministries, Departments and Agencies of government; advising them to take advantage of the quantity discount of between five per cent and 50 per cent when booking for air tickets.
She stated: “The Efficiency Unit has embarked on several cost-cutting initiatives that have influenced the issuance of circulars to all the MDAs by the secretary to the government of the federation, the head of the civil service of the federation, and the National Salaries, Wages and Income Commission.
“The issuance of these circulars has led to better management of certain recurring processes and activities relating to travels, sitting allowances, souvenirs and others, resulting in savings.
“The government has saved N34bn on travel and transport for 2016 compared to 2015 figures, and a further N57bn on same travel and transport in 2017 compared to 2016.
“Again, on office stationery and computer consumables, the government saved N24bn in 2016 as against the previous year; and a further N10bn in 2017 compared to the 2016 expenditure on the same line item.”
Recall that Legit.ng previously reported that following the economic recession that hit the country, the federal government ordered all its directors-general, managing directors and executive secretaries to start flying economy class on all local and international flights.
The federal government in April 2016 had banned ministers and other federal government officials from flying first class in a previous directive.
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