Business Osinbajo Speaks on 2016 Budget and Poverty Eradication in Nigeria

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All Nigerian government agencies, including the military and the universities are henceforth to implement the Integrated Personnel and Payroll Information Systems (IPPIS).

According to Vice President Yemi Osinbajo, President Muhammadu Buhari had given the order.

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Speaking at a meeting with permanent secretaries and director-generals on the 2016 budget and 2016-2020 Medium Term Plan of the federal government, Osinbajo said IPIS will help in curtailing some of the abuses in the salaries and emoluments’ processes of the government.

“We need to cut overheads too, we can’t spend as we used to spend. We need to block leakages, increase accountability and transparency. This is an absolute necessity, the level of corruption is an outrage and we have to deal with it”, he noted.

He added that the country’s greatest challenge “is controlling ballooning recurrent expenditure and freeing up resources for growth-related capital expenditure”.

He said government will do something about poverty, emphasizing that it will be “something more direct.
different from how we have done it in the past”, hence budgeting has to be done differently.”
 
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