Budgeting Latest News

FG Overpays 450 MDAs N196Bn On Personnel Costs – Report

The latest audit report on Federal MDAs’ salaries and emoluments has indicated that a total sum of N195.94 billion was overpaid as personnel costs to employees enrolled on the Integrated Personnel and Payroll Information System (IPPIS) in 2016. The anomaly occurred despite the IPPIS’ acclaimed robustness and capacity to prevent frauds in public finance The […]

Budgeting Latest News

FG saves N68bn on Personnel Cost in 2017 – Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, today said that the Federal Government saved N68 billion on personnel cost last year. With the latest N68 billion savings, the aggregate savings by government on personnel cost since 2007 to date has risen to N288 billion. The minister’s Special Adviser Media and Communications, Oluyinka Akintunde, quoted her […]