Tag Archives: Cost Of Governance

Buhari Establishes E-UNIT To Cut Cost Of Governance

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President Muhammadu Buhari has taken a critical step towards cutting the cost of governance with the establishment of the Efficiency Unit, E-UNIT, which will vet all major expenditures of Federal Ministries, Departments and Agencies, MDAs.

The E-UNIT which is to be domiciled in the Federal Ministry of Finance is headed by a Project Leader, Ms Patience Oniha.

The Minister of Finance, Mrs. Kemi Adeosun, who announced this in Abuja, yesterday, explained that the E-UNIT was in line with the current administration’s resolve to institutionalize reform policies that would ensure effective management of the nation’s economy.

She identified reducing the cost of governance as a major peg upon which President Buhari’s economic policies would stand.

Credit: Vanguard

Cost Of Governance: Governors To Reduce Salaries Of Political Appointees

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The Nigeria Governors Forum (NGF) has announced plans to reduce the salaries of political office holders as a means of reducing the huge overhead costs of state governments in the face of declining fiscal revenue.

The chairman of the forum, Abdulaziz Yari, announced the decision on Thursday after a 4-hour meeting at the Presidential Villa.

The forum said that it has plans to hold a round-table meeting with President Muhammadu Buhari to find a solution to the economic situation confronting the country.

The governors said that something must be done to address the revenue constraints confronting the economy, promising their commitment to ensuring that a new roadmap is worked out.

Credit: ChannelsTV