Tag Archives: System

Government To Introduce Zero Based Budget System

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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

Let APC Work & Let This System Work- Buhari

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President Muhammadu Buhari has said that all APC faithful must collectively come together to rise above the current crisis threatening to engulf the party.

Buhari made the call in Abuja on Friday at the first National Executive Council (NEC) emergency meeting of All Progressives Congress (APC) after its victory at the polls.

He said ?party members should strive to win the war (National Assembly crisis) as they won the battle (general elections).

He said: ”APC has won the battle and lost the war which is a paradox of democracy and we shall see how we shall manage it.

”How do we manage it? We move forward.

“I have already appealed to you through the chairman, the leadership of the party, through the governors, through our lawmakers and the APC must not disappoint its constituency, the nation.

”We have had to convince our ?individual constituencies that we are worthy of sacrifices they had made in staying awake days and nights, travelling all over the country and making sure the party emerged victorious.

”What subsequently happened is human and as human beings we are not perfect but let our collective actions prove that we’ve won the election, the battle, and we will eventually win the war,” he said.

Read More: vanguardngr