…says N825 Billion spent on travel allowances, stationery, others in 3 years
In furtherance of its commitment to re-prioritize spending and cut cost on recurrent expenditure, The Efficiency Unit of the Federal Ministry of Finance has said it is planning to introduce detailed price guidelines to ensure value for money in procurement by Ministries, Departments and Agencies (MDAs). To reduce the incidence of cash, the deployment of Ministerial Debit Cards is being piloted.
The Unit, which carried out an extensive and detailed review of the Overhead Expenditure data of the government for the period 2012 to 2014, found that the overhead spending pattern was concentrated on a limited number of items including travel, maintenance, local and international training, welfare and office stationery/computer consumables.
Speaking at a media interaction in Lagos on Wednesday, the Head of the Efficiency Unit, Ms Patience Oniha, stated that “The Cumulative Expenditure on these five items was N825 billion, representing 61% of the Cumulative Total Overhead Expenditure of N1,353 billion for 2012 to 2014. This means that the average amount expended annually on these five items during this period was N275 billion. The estimate for 2015 shows a continuation of this trend.” Overhead spending exceeded allocations to capital in all the years reviewed. Another finding from the review was the large expenditure on honoraria and sitting allowances, refreshm... http://www.topcelebritiesng.com/efficiency-unit-devises-strategies-to-manage-procurement-costs/