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Friday, May 6, 2016

FG Workers’ Monthly Wage Bill Gulps N165bn – Finance Minister

-Mrs.-Kemi-Adeosun
Hehehe.....really....The federal government is stepping up investigation to determine if the N165 billion it pays out as monthly salaries and pension to workers is genuine.
Minister of finance, Kemi Adeosun, who made the disclosure in Lagos yesterday at the Newspapers Proprietors’ Association of Nigeria (NPAN) meeting, said that, already, the investigation had started yielding fruits as some discoveries had been made, such as dead staff still being on the payroll for years.
The ongoing investigation of the  N165billion monthly wage bill may unmask ghost workers believed to have overbloated the federal government payroll.


The NPAN meeting also had in attendance the ministers of environment, Amina Mohammed; agriculture, Audu Ogbeh and information, Lai Mohammed.
For instance, the minister disclosed that the Nigerian railway corporation, which has been moribund for several years was said to have over 10,000 workers on its payroll,  a figure she said was unrealistic.
Adeosun said the government was determined to free resources to address other critical issues like infrastructure development, job creation and investment in other sectors of the economy in line with its diversification initiative.
“The civil service staff is over-bloated; we have about 1.2 million staff on government payroll, but I don’t think we have this number anywhere else, so we are building control.
“We are collaborating with other tiers of government, especially the state governments, so that we don’t have for instance a doctor working with the state government hospital and at the same time working with the federal government,” she said.
The minister noted that the huge pay-out is not sustainable as it represents about 40 per cent of total government expenditure and said all government agencies and parastatals would be investigated, with  the process supported by available Information Technology platforms and the Biometric Verification Number (BVN) recently introduced by the Central Bank of Nigeria (CBN).
“On this salary issue, we are verifying the police, army and others. The wage bill is not sustainable. There are people who had died about four years ago but their names are still on the payroll,” she stated.
Speaking on government’s fiscal policies, the minister assured that government would be disciplined and prudent in spending and was more determined to cut inefficiency and wastage.
She further said that, in the next one year, efforts would be geared toward investment in capital needed to grow the local economy.
Adeosun, however, noted that the issue of payment of petrol subsidy recently announced by the Nigerian National Petroleum Corporation (NNPC) could be the settlement of pending arrears, adding that subsidy on petrol is not captured in the 2016 national budget.
On the issue of VAT and tariff on newsprint, the minister said she was aware of tariff placed on various items but that she would have to verify that of the newsprint, with a view to providing some leverage to the media industry to enhance their critical role in nation building.
Minister of agriculture, Audu Ogbeh, in his remark said government was building synergy to develop the agriculture sector, but he lamented that the current interest rate is not suitable for long term investment in the sector.
Ogbeh said, however, that the ministry was partnering with the CBN to achieve a single digit exchange rate. He, therefore, advised potential local investors to consider investing in the areas of plantation as that remains the best option for now.
While highlighting some of the challenges facing the ministries, Ogbeh said that Nigeria spends $22billion annually to import food items into the country and declared that there was no way the economy could cope with such frivolous importation.
Pointing out that it was time Nigerians looked inward, Ogbe said that most of the developed countries are taking advantage of “our desire to import anything into the country at the expense of our economy.”
On the bloody clashes between cattle herders and local farmers in several parts of the country, the minister stated that the federal government was at the moment working on how to resolve the crisis.
On her part, the minister environment, Amina Mohammed, said government was making concerted efforts to deal with environmental challenges by providing potable water, embarking on tree planting campaign and ending illegal logging.
She warned that if tree felling and logging was not contained, in the next 10 years Nigeria would not have trees again considering the volume of such harmful activities going on, especially at nights.
Speaking on current efforts to provide adequate security in the country, minister of information, Lai Mohammed, said government had made progress in dealing with Boko Haram insurgency.
Mohammed said the military was deepening its campaign in the Sambisa Forest with the goal of weeding out the remnants of the insurgents.

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