Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,152,832 members, 7,817,432 topics. Date: Saturday, 04 May 2024 at 12:15 PM |
Nairaland Forum / Nairaland / General / Politics / FG Pegs Board Meetings To Save N1billion Annually (1093 Views)
How I Rejected N1Billion Bribe – Amaechi / Abdullahi Dikko Returns N1billion To FG / A Man Who Celebrated N1Billion In Bayelsa Is Poor Now (2) (3) (4)
FG Pegs Board Meetings To Save N1billion Annually by kahal29: 7:52pm On Apr 29, 2016 |
The Federal Government has pegged the frequency of meetings for part-time Chairmen and members Committees, Boards of Statutory Corporations and Government-owned companies from eight to four times annually as part of the strategy to cut costs. Over N1 billion is expected to be saved annually from this move alone, according to the Director Information, Ministry of Finance, Salisu Na’inna Dambatta. Dambatta said in a statement that an average of the N12.8 billion was spent on honorarium and sitting allowances between 2012 and 2014. Part-time Chairmen of government Committees and Boards were paid sitting allowances ranging from N40, 000 to N150,000 per sitting, while members received payments ranging from N30, 000 to N120, 000 per sitting. Government accepted the recommendation of the Efficiency Unit that: “While the new allowances per sitting of N40, 000 to N150, 000 and N30, 000 to N120, 000 for Chairmen and Members respectively appear reasonable, the increase in number of meetings from four to eight was rather too high and doubled the cost of sitting allowances for the government. “A maximum of four meetings was considered adequate for Boards, while other interactions can be conducted using Information Communication Technology (ICT), which is cheaper and already tested in Nigeria.” The Efficiency Unit said it will continue with its ongoing efforts and collaboration with the relevant government offices in line with the resolve of the Minister of Finance to remain committed to her cost-cutting initiative, which is one of the tools for achieving fiscal prudence and releasing of funds for capital projects that will support economic growth and improve the living standard of Nigerians. http://thenationonlineng.net/fg-pegs-board-meetings-save-n1billion-annually/ 1 Like 1 Share |
Re: FG Pegs Board Meetings To Save N1billion Annually by dunkem21(m): 7:55pm On Apr 29, 2016 |
Nice one from the FG .. We also need to prune junkenting expenses and itinerary for the President to 10 times a year at most .. We can save N10b here 1 Like 1 Share |
Re: FG Pegs Board Meetings To Save N1billion Annually by BeeBeeOoh(m): 7:57pm On Apr 29, 2016 |
dunkem21:dis 1 u dey shine teeth e be like sey u don sign deal with Oral-B people |
Re: FG Pegs Board Meetings To Save N1billion Annually by dunkem21(m): 8:00pm On Apr 29, 2016 |
BeeBeeOoh: See as you fast like Usain bolt |
Re: FG Pegs Board Meetings To Save N1billion Annually by Nobody: 8:02pm On Apr 29, 2016 |
nice move! COWBELL MILK,OUR MILK! |
Re: FG Pegs Board Meetings To Save N1billion Annually by Standing5(m): 8:02pm On Apr 29, 2016 |
The right direction to go i say. |
Re: FG Pegs Board Meetings To Save N1billion Annually by BeeBeeOoh(m): 8:17pm On Apr 29, 2016 |
dunkem21:mehn! The cost of land on NL is more expensive than that of banana island, i'm a future landlord & asset lover.. 1 Like |
Re: FG Pegs Board Meetings To Save N1billion Annually by 989900B: 8:18pm On Apr 29, 2016 |
I like the way the FG is austerity conscious. The budget will have me sold, especially the amount allotted for the presidency (feeding, health, and all). If it is still the same ol', then they are just hypocrites. |
Re: FG Pegs Board Meetings To Save N1billion Annually by ki02020(m): 8:24pm On Apr 29, 2016 |
BeeBeeOoh: Yeeeeee This is my weekend PUCH LINE Abeg no yab me join ooo 1 Like 1 Share |
Re: FG Pegs Board Meetings To Save N1billion Annually by OlujobaSamuel: 8:41pm On Apr 29, 2016 |
nobody go praise kemi now for this fiscal responsibility.
nice one. but do something about the nass, make budget land abeg. |
Re: FG Pegs Board Meetings To Save N1billion Annually by SamuelAnyawu(m): 9:59pm On Apr 29, 2016 |
Nice One PMB |
Re: FG Pegs Board Meetings To Save N1billion Annually by BeardedMeat(m): 11:03pm On Apr 29, 2016 |
Great! What about the obnoxious N1.7b feeding allowance for the first family? Tuwo shinkafa isn't that expensive nah. 1 Like |
Re: FG Pegs Board Meetings To Save N1billion Annually by BeardedMeat(m): 11:04pm On Apr 29, 2016 |
OlujobaSamuel:Sai Kemi! Happy now? |
Re: FG Pegs Board Meetings To Save N1billion Annually by vanguard90(m): 11:39pm On Apr 29, 2016 |
Nice one.
Kemi, u are working |
(1) (Reply)
Army Arrest Ogoni Paramount Ruler. Can An Emir Or Sultan Be Arrested / MUSING: Did FG Sell Us A Dummy On Tomato Scarcity (dangote Absoluta) / 10 Reasons Why Niger Delta Militants Are Deadlier Than “crippled” Boko Haram
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 17 |