The federal government has expended whopping N825 billions of taxpayers fund in three years on travels, maintenance, local and international training, welfare and stationery/computer consumables.
President Muhammadu Buhari arriving about after five-day vacation
This disclosure was made by the head of the efficiency unit, Patience Oniha, in the Federal Ministry of Finance on Wednesday, February 10.
She said the study of government expenditure covered between 2012 and 2014, disclosing that over 60% of federal government overhead expenditure were incurred through local and international travels, maintenance, local and international training, welfare stationery and consumables, honourarium, meals, refreshment, books and sitting allowances.
Oniha said: “In furtherance of its commitment to re-prioritise spending and cut cost on recurrent expenditure, The Efficiency Unit of the Federal Ministry of Finance is planning to introduce detailed price guidelines to ensure value for money in procurement by Ministries, Departments and Agencies (MDAs).
“To reduce the incidence of cash, the deployment of Ministerial Debit Cards is being piloted. The unit, which carried out an extensive and detailed review of the Overhead Expenditure data of the government for the period 2012 to 2014, found that the overhead spending pattern was concentrated on a limited number of items, including travel, maintenance, local and international training, welfare and office stationery/computer consumables.
“The Cumulative Expenditure on these five items was N825 billion, representing 61 per cent of the Cumulative Total Overhead Expenditure of N1,353 billion for 2012 to 2014.
“This means that the average amount expended annually on these five items during this period was N275 billion. The estimate for 2015 shows a continuation of this trend.
“Overhead spending exceeded allocations to capital in all the years reviewed.”
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