FG spent N764bn on Salaries, pensions in 3 months

Nigerian Govt considers lower taxes for small businesses

The Federal Government of Nigeria spent a total of N763.64bn on the payment of salaries of its workers as well as their pensions, gratuities and other overheard costs between February and April this year.

The estimated figure is contained in the Consolidated Income and Disbursement Account of the Federal Government covering January to April, which was prepared by the Office of the Accountant-General of the Federation.

According to the document, which was obtained by our correspondent in Abuja, the N763.64bn represents a decrease of N105.4bn when compared to the N869.04bn expended for the same purpose in the similar period of 2015.

An analysis of the report indicated that out of the N763.64bn, the government spent N632.51bn on salaries in the period under consideration, while pensions and gratuities gulped N48.19bn.

In the same vein, the sum of N38.69bn was spent on overhead costs between January and April this year.

A month-by-month analysis of the expenditure showed that for salaries, the government paid the sum of N181.52bn in February, N182.71bn in March and N268.28bn in April.

For pension and gratuities, the report stated that the N48.19bn was paid as follows: February, N15.89bn; March, N16.05bn; and April, N16.24bn.

In terms of overheard expenditure, N22.48bn was spent in February; March, N4.56bn; and April, N11.66bn.

No amount was indicated as payment for salaries, pensions and gratuities as well as overhead costs in the month of January.

The  Minister of Finance, Mrs. Kemi Adeosun, had said that the government would continue to clean up its payroll through the Continuous Audit Team, adding that since she assumed office in November last year, the Ministry of Finance had been able to reduce the government payroll by N6.6bn monthly.

The minister had stated, “We have saved N6.6bn on a monthly basis. This is all about good housekeeping.

“The Efficiency Units have already had success with travel, food, sitting allowance and they will now look at adverts. We are all aware of the efforts in plugging leakages and recoveries.”

According to her, the Federal Government in its efforts to reduce personnel costs, is determined to continue the verification programme on a regular periodic basis.

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