The new payroll software, Integrated Personnel & Payroll Information System (IPPIS), implemented by the federal government has helped uncover N14 billion excess funds for salary allocated to the various ministries, departments and agencies (MDAs) in the country. The system has also discovered no fewer than 35,000 ghost workers in the nation's civil service. Coordinating minister for the economy/minister of finance Dr. Ngozi Okonjo-Iweala and the minister of state for finance, Dr. Yerima Lawal Ngama made these revelations during an oversight visit by the House of Representatives Committee on Finance to the ministry in Abuja yesterday. Ngama said that MDAs have been submitting payroll voucher far in excess of the actual salary they pay, such that after payments have been made so much money would still be floating in the accounts of the MDAs. "We introduced the IPPIS computer software for capturing all the data of staff of MDAs. We have today covered 183 MDAs and discovered 35,000 ghost workers. We have saved government N14 billion. By the time we finish, all other government agencies, including the military, police, among others, the savings will be much more," he said.Speaking on the state of the economy, Okonjo-Iweala stressed that the country was not experiencing a financial crisis....According to her, the government was planning to borrow $7.9 billion from multilateral agencies on a medium term to 2014 at interest rate of 3 per cent and below. This, she said, would be used for very productive investment in agriculture, water resources, power, transport, education and health as well as to support the strengthening of governance.
The Chairman, House Committee on Finance, Dr. Abdulmumuni Jibril, expressed concern over the high budget deficit and tasked the ministry on ways to improve revenue and remittances accruing to the federal government.
culled from The Nigerian leadership Newspaper
hmmm...darling readers, what do you make of all this?