The Federal Government has announced plans to introduce a zero based budget system as a step towards fighting corruption and blocking leakages in the public service.
Addressing participants at the Nigerian Economic Summit on Wednesday, Vice President Yemi Osinbanjo said that the initiative would require ministries, departments and agencies to justify their budgetary allocations for each year.
With over 500 federal agencies in the country, a great chunk of the nation’s budget goes into payment of workers wages, but the new administration said that it has come up with a system to ensure that unnecessary items are not listed in the budgets of federal institutions except for projects with direct impact on the economy.
Prof. Osinbajo said that although, the process would be rigorous and stressful, it would ensure transparency and accountability.
Read More: channelstv
I very delighted to find this internet site on bing just what I was searching for as well saved to fav
Thank you for great information. I look forward to the continuation.
Wonderful post! We will be linking to this great article on our site. Keep up the great writing
Hi there to all for the reason that I am genuinely keen of reading this website’s post to be updated on a regular basis. It carries pleasant stuff.
very satisfying in terms of information thank you very much.
A big thank you for your blog.Really looking forward to read more. Want more.
You’re so awesome! I don’t believe I have read a single thing like that before. So great to find someone with some original thoughts on this topic.
For the reason that the admin of this site is working no uncertainty very quickly it will be renowned due to its quality contents.