FG saves N24.7bn monthly through ICT

President Muhammadu Buhari has revealed that a total of N24.7 billion has been saved through the consolidation of over 20, 000 accounts and elimination of ghost workers through the deployment of ICT.
The President who stated this on Thursday during the 10th annual eNigeria summit in Abuja stressed that “ICT plays a pivotal role with agencies of government”
He said, “We have done a lot to transform our government especially in the areas of strategy, policies and digital infrastructure investments.
Leveraging on ICT the president said the policy on Treasury Single Account (TSA) “have so far consolidated over 20,000 accounts, resulting into about N4.7 billion monthly savings. In addition the policy facilitated transparency, accountability and ease of transactions and payments between government and businesses as well as government and citizens.
“Another initiative leveraging on ICT and making huge impact on the economy is the introduction of the Integrated Payroll and Personnel Information System (IPPIS) and Bank Verification Number (BVN). Its implementation has helped to eliminate the menace of ghost workers thereby reducing waste in the system by saving government over N20 billion monthly.
He commend the National Information Technology Development Agency (NITDA’s) efforts on fostering the patronage of indigenous IT products and services through continuous engagement with indigenous OEMs, relevant stakeholders and other laudable initiatives.
He emphasized that “ICT plays a pivotal role with agencies of government such as the Corporate Affairs Commission (CAC), Federal Inland Revenue Service (FIRS) and the Nigeria Immigration Service (NIS) which have leaned on ICT in improving public service delivery in an efficient and transparent manner. So far, 31 reforms have been completed by the Council and these reforms are already making noticeable impact on our economic diversification efforts.