Connect with us

Business

Nigerian Government Saves N160 bn From Ghost Workers

Published

on

Estimated Reading Time: <1

Federal Government says it has saved N160 billion in salaries after weeding out 60,000 ghost workers from the service using the Integrated Personnel and Payroll System (IPPS).

The Minister for Finance, Dr Ngozi Okonjo-Iweala said this in Abuja on Tuesday at the ministry’s annual ministerial press briefing.

She said that the ministry would forward the names of those suspected in salary scam to the Independent Corruption and Practices Commission (ICPC) for further action.

She said that 50, 000 ghost workers were discovered in 2013, adding that this year, 10,000 had already been found.

“Now many people will ask who those responsible for these ghost workers? Because the ministry of finance is not an investigating agency, we have gathered all our facts and submitted them to ICPC to trace them and bring them to justice.

“We are willing to continue to work with ICPC to give them any information they need in order to clean up the system.

“So this is a sample of what we are doing to show transparency and accountability in the management of public funds.

“It is an overwhelming problem sometimes, but we will not relent because if we say we will relent, who will fight it for us,” the minister told newsmen.

The Minister went on to say that rebasing has also made our economy more attractive to investors as the figures show, adding that rebasing helps us know the size and structure of our economy which is good for planning.

“Nigeria rebased its GDP for the 1st time in 24 yrs. It showed the size and growth of different sectors, benchmark is 5 months worth of reserves for countries. Nigeria has 9 months. But we need to increase it significantly.”

“FIRS has improved collection with Mckinsey’s help: N44bn out of a projected N75bn has been collected, revenue to GDP at 12 percent is too low; we need to generate more non-oil revenue.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *