fbpx
NEWSLETTERPOLITICS & GOVERNMENT

FG to Save N12billion from Ministries, Departments and Agencies

funds

The Federal Government plans to save N12 billion annually from the discounts it would receive from the large purchase of overhead items for Ministries Departments and Agencies (MDAs).

Head of MDAs, Patience Oniha, who addressed reporters on the activities of the newly created Efficiency Unit of government in Abuja on Tuesday, February 2,  said by making electronic payments for overhead items instead of cash payments, government wants to enhance audit trails and be more transparent in its transactions.”

She said: “Ongoing reforms in the Federal Ministry of Finance is the overhaul of the internal controls within the MDAs. MDAs have auditors who are supposed to validate these items before payment is made to contractors.

“There have been significant weaknesses, so that is being overhauled entirely to make sure that what we are gaining from one side we don’t lose it on the other side. So those that will implement this have to be empowered so that they don’t lose sight. Infringements on procurement will not go free,” she added.

About Author

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.