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FG Moves To Curb Leakages, Wastages In Public Expenditure


In a bid to ensure effi­ciency in government’s spending, the Federal Ministry of Finance has set up Efficiency Unit charged with the responsibilities of coming up with improved public financial manage­ment of government’s ex­penditures.

Inaugurating the Steering Committee of the Unit on Monday in Abuja, the Minister of Finance, Mrs. Kemi Adeosun said that the primary objective of the initiative was to as­sist the government in identifying opportuni­ties to reduce wasteful and inefficient spend­ing by doing more with less.

Mrs Adeosun stated that without a major intervention to manage the costs of govern­ment no amount of fis­cal innovation, finan­cial re-engineering or other well intentioned economic policy will deliver the desired re­sults if the manner in which government money is expended is not carefully con­trolled.

Explaining the im­portance of the Unit to the nation’s economic development she said ‘’our vision is that our Efficiency Unit will be a ‘change agent’ and catalyst for improving the management and delivery of public ser­vices so that we make sure that every naira we spends counts.

She emphasized the need for the Efficiency Unit to provide policy recommendations to generate fiscal savings for higher priority uses especially capital ex­penditure.

According to her, the remit of the Efficiency Unit will be a wide one encompassing every ministry, department or agency that is in re­ceipt of public funds. Spending public mon­ey is a trust and there must be both discipline and accountability in its uses.



– Paschal Emeka, Abuja

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