Tag Archives: Monthly

FG Saves N20bn On Salaries Monthly After Fishing Out Ghost Workers

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The Federal Government says it has been saving about N20 billion on salaries monthly since it began to fish out ghost workers.

The Permanent Secretary, Ministry of Finance, Mr Mahmoud Isa-Dutse, said this while addressing newsmen on Tuesday in Abuja on the sideline of a workshop on cost management.

The workshop was organised for Directors and top civil servants of Federal Ministries, Departments and Agencies (MDAs) by the Efficiency Unit of the Ministry of Finance.

Isa-Dutse said that the drastic reduction in the cost of monthly wages was from N165 billion to N145 billion monthly.

He said this was done with the assistance of the Presidential Committee on Audit of MDAs. He said the committee had the responsibility of continuous auditing of MDAs’ salaries and wages.

The News Agency of Nigeria (NAN) reports that Isa-Dutse had declared the workshop open on behalf of the Minister of Finance, Mrs Kemi Adeosun when she said the present administration was interested in cutting costs and giving value for money spent.

She said that the main aim of the workshop was to sensitise public officials to cost and share with them some tools to manage the cost.

“It is basically to train on how, as a government, we can manage our cost better. It is not only imperative that we look at ways to generate more money for government, but at the same time we must also manage our cost more efficiently.

“As we have seen even though revenue has gone down in the last couple of years, expenditure, particularly overhead has not gone down correspondingly and that has created fiscal pressures for the government.

” What we are doing is to look at whatever ways we can to generate more savings for the government to be run more efficiently.

“We want the savings realised from the efficiencies to be channeled into higher priority areas like infrastructure and social welfare spending,’’ she said

Head of the Efficiency Unit, Mrs Patience Oniha, said that in the last one year that the unit was established, it had saved the government about N15 billion.

The savings, she said, were from overheads and reduction in excessive foreign travels and other allowances.

The Head of the Efficiency Unit added that more funds would be saved by consciously eliminating waste of government resources.

She also said that the unit was working on several other items to be added to the list of cost cutting items.

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http://guardian.ng/news/fg-saves-n20bn-on-salaries-monthly/

We Spend N475m Monthly Fuelling Jets Combating Boko Haram- Air Force

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The Nigerian Air Force (NAF) spends N475 million monthly to fuel its fighter jets and transport planes to fight Boko Haram.
The Chief of Air Staff, Air Marshal Sadique Abubakar, said in Lagos yesterday that the force uses 1.9 million litres of aviation fuel monthly to fly missions in the North-East, the hotbed of Boko Haram insurgency. Aviation fuel sells for N250 per litres, meaning that at least, N475 million is spent on a monthly basis.
He spoke during the opening of the 2016 Logistics seminar organsed by the NAF’s Logistics Command.
Giving other breakdown, he said: “So we are talking of about 10, 000 litres just for one aircraft time. We have so many other airplanes like the Alpha jets which consume 2, 400 litres per hour. They also fly in formation and that means about 4, 800 litres a day. There are other planes that fly on a daily basis.”
Air Marshal Abubakar said to ensure  the force build capacity in logistics planning, the hierarchy of the NAF has embarked on training and retraining of its personnel within and outside Nigeria, especially as logistics play a very vital role in the success or failure of military operations.
He said the NAF has consistently sought ways of standardising her logistics procedures and operations in line with current global best practices.
While explaining that the Air Force must put together a carefully planned strategy not only for the movement of equipment and personnel to the theatre of war, the NAF chief said this was important if the current security challenges  must be properly addressed.
He said: “It is only when we get the strategy right that we can hope to effectively and efficiently deploy air power necessary for addressing the challenges facing Nigeria. To support air operations in the North-East, the NAF must put an excellent plan that will ensure availability of aviation fuel in the operational area.

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http://sunnewsonline.com/boko-haram-we-spend-n475m-monthly-to-fuel-jets-air-force/

Presidency To Pay N5000 Monthly To 1m Nigerians

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To cushion the harsh effect of the new pump price of Premium Motor Spirt, PMS also called petrol on the people, the presidency is set to implement the N500 billion earmarked in the 2016 budget for social welfare.

A statement by the media spokesperson for Vice President Yemi Osinabjo, Mr. Laolu Akande in Abuja on Sunday stated “All together the federal government would be directly impacting the lives of more than 8 million Nigerians in different social investment 2016 budget spending that would provide succor and be a ready-made palliative to ordinary Nigerians.”

Giving a breakdown of the interventions and palliatives, Akande said that said that there would “the direct payment of N5000 monthly to one million extremely poor Nigerians for 12 months as provided for in the 2016 budget for which N$68.7B has been appropriated.”

Similarly, the government has also made available a “direct provision of very soft loan -cash for market women, men and traders, including artisans and Agric workers. This would be for a total of 1.76m Nigerians, without the requirement for conventional collateral. Some of the traders will likely get about N60,000. A total sum of N140.3B has already been appropriated for this in the budget”.

The details also showed their there would be “payment of between N23,000 to N30,000 per month to 500,000 unemployed graduates who would be trained, paid and deployed to work as volunteer teachers, public health officers and extension service workers among other responsibilities. They would also be given electronic devices to empower them technologically both for their assignments and beyond”.

According to the media aide, “100,000 artisans would also be trained and paid N191.5B has been set aside for this in the passed budget.” He also said that “At least 5.5 million Nigerian primary school children -ie starting first in 18 states-three per geopolitical zones-would be fed for 200 school days under the free Homegrown School Feeding Programme”, as “N93.1B has been appropriated for this in the 2016 budget.”

Credit: vanguardngr

How Badeh Converted Stolen N558 Million Monthly To US Dollars- Witness

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A former director of finance and account for the Nigerian Air Force has narrated how former Chief of Air Staff, Alex Badeh, authorised his aide each month to convert over N558 million stolen government money to United States Dollars.

Salisu Abdullahi, a retired Air Commodore and former director of finance and account, told a court that the man who converted the money monthly was brought in solely for that purpose.

Mr. Badeh is facing trial at the Federal High Court, Abuja, on allegations of fraud.

Mr. Abdullahi, who is a witness, had told the court during his examination that Mr. Badeh personally received over N558 million monthly.

The money was balance after payment of monthly salaries to Air Force personnel.

“Out of the balance of N1.6 to N1.7 billion, the sum of N558 million was taken to Mr. Badeh’s personal residence at Niger Barracks after it is exchanged to dollar,” Mr. Abdullahi stated.

Mr. Abdullahi further stated during cross-examination that the officer in charge of the said conversion of Nigerian currency into US dollars for Mr. Badeh, identified simply as Group Captain Sini, was ordered to be brought to his (Mr. Abdullahi’s) office where Mr. Sini’s main responsibility was to convert the said sum, on a monthly basis.

The dollars were handed over Mr. Abdullahi who took it to his principal.

Credit: PremiumTimes

FG Borrows N600 Billion Monthly To Augment Salaries

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The Federal government has again owned up to the crumbling economy of the nation, lamenting that it borrows an average of N600 billion every month to augment payment of workers’ salaries.

Speaking at the opening ceremony of the 63rd General Church Council (GCC) of Evangelical Church Winning All (ECWA) held at ECWA headquarters in Jos on Tuesday, the Secretary to the Government of the Federation (SGF), Mr David Babachir Lawal, who represented President Mohammadu Buhari further lamented that the Buhari-led administration inherited a country that had been robbed to the last coffer, hence leaving an ailing economy that must be nurtured and endured for some time before its stabilizes.

He said: “the federal government borrows an average of N600 billion monthly; and Federal Government gets N130 billion, and sometimes if it is lucky, it gets N200 billion from Federation allocation, and we have an expenditure profile of roughly N800 billion to N900 billion. Naturally, you need to augment sources from everywhere and from wherever you can find it.

“I’m talking about local borrowings, not international. There are ways and means to raise the money, because the monies coming from the Federal allocation is not enough and the figures is not fixed; it varies from month to month, depending on what enters into the treasury and our own share of it federation account, just like the states.”

Credit: Thisday

Senate Rejects Proposal To Pay Unemployed Youth N5, 000 Monthly

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The Senate on Wednesday rejected a motion for the payment of N5, 000 monthly allowance to unemployed youths in the country.

The motion was sponsored by Philip Aduda (PDP, FCT) but was greeted with shouts of “no, no” when he tried to explain it.

Attempts by the Minority Leader, Godswill Akpabio, to second the motion were disrupted by the rowdiness.

Intervening, President of the Senate, Bukola Saraki, posed the question but the senators responded along party lines.

While Peoples Democratic Party (PDP) members yelled ‘’aye’’ in favour of the motion, All Progressives Congress (APC) senators, who were in majority, rejected it.

Credit: PremiumTimes

Unemployed, Poor Nigerians To Get N5000 Monthly- FG

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The Buhari Administration at the weekend declared that there are ongoing plans to implement one of its striking campaign promises that it will pay N5000 each to the poorest Nigerians across the country.

Vice President Yemi Osinbajo who gave the hint noted that government is “currently evaluating the best ways to collapse existing cash transfer and social welfare schemes to ensure consistency and alignment.

“Once this is completed, we will implement the first phase of this program, using recognized identification platforms and transparent payment solutions”, he added.

Osinbajo who disclosed this at the 10th Year Anniversary Lecture of Crescent University, Abeokuta, Ogun State titled, ‘The Nigerian Economy and the Future’, also said the federal government has identified the weak transmission grid, which prevents the wheeling of more than 5,000MW as a gridlock to be removed.

He assured that the Buhari administration would work with the distribution companies to ensure the necessary investment to get electricity to consumers is in place.

On the pervasive poverty ravaging the country, Osinbajo said the payment of N5000 each to poor Nigerians was necessary because “we cannot talk about the economy of the future without addressing how we move people out of poverty.

“One of the most striking promises we made during the campaign was the payment of Five Thousand Naira to the poorest Nigerians across the country”, he noted, even as he regretted that today, “about 112 million (66% of Nigerians) are deemed extremely poor, measured by World Bank parameter of those living on less than US$1.25 per day.”

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