Nigeria Saves N20billion Every Month On Payroll System – President Buhari Reveals

Nigeria Saves N20billion Every Month On Payroll System - President Buhari Reveals

President Muhammadu Buhari on Tuesday revealed that about 20 billion naira is being saved on monthly basis from the introduction of the Integrated Payroll and Personnel Information System (IPPIS) as well as the Bank Verification Number (BVN).

According to the President the initiative has not only led to the elimination of the manace of ghost workers from the nation’s public sector, but helped to entrench transparency and accountability within the system. He also said through the policy on Treasury Single Account (TSA), the present administration has “so far consolidated over 20,000 accounts, resulting into about N4.7 billion monthly savings.”

The Nation reports that President Buhari made the remarks while declaring open a three-day eNigeria Conference with the theme “Fostering Digital Economy through Local Content Development and Effective Regulations” organized by the National Information Technology Development Agency, (NITDA) at the International Conference Centre, Abuja. Highlighting some of the achievements of his administration since inception with a particular reference to anti-corruption crusade, President Buhari said his administration leveraged on Information and Communications Technology (ICT) platform to institute about 31 reforms within the system, stressing that the reforms would no doubt bring the desired change to the way and manner the business of government is carried out in the country.

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