News

FG forecloses sacking of federal workers to save funds

1 Mins read

Minister of Finance, Budget and National Planning, Zainab Ahmed, has foreclosed sacking of federal workers to save funds.

Speaking yesterday, at a live programme, the minister reminded Nigerians that President Buhari has repeatedly vouched that no worker would be sacked.

She said the Federal Government would encourage people to exit paid public jobs and incentivise them.

Ahmed said the government would reduce overheads by ensuring that relevant agencies are merged.

The minister said: “Mr. President doesn’t want to disengage staff. That is what he has directed from the beginning of his administration. He also directed that we pay salaries. The Federal Government has never failed in paying salaries, and he said we must always pay pensions.

“So, he has been consistent with those directives and we have followed those directives to the letter.”

When asked about the panacea to personnel cost, Ahmed stated: “Well, we do hope that at the end of the exercise, some agencies will be merged, and it will cut down operational cost.

“And also, we will be able to come up with incentive packages to retrain people and redeploy them in some areas where they are useful. For example, we still have a very high need for teachers. So, we can retrain people and send them to teach, but also incentive packages to exit. Again, that is also money. If you want people to exit, you have to pay them.”

She went on: “That is an incentive package so that they can go. That is why it is taking a lot of time because it is not easy to decide on this. Everything centres on resources. We need resources, and if we have a lot of money, we would just give very beautiful incentive packages, and people would exit and start their businesses. This would reduce the size of personnel cost.”

Source: Guardian.ng

   

About author
Time Nigeria is a general interest Magazine with its headquarters in Abuja, the nation’s Capital.
Articles
Related posts
Cover StoryNews

ST Team Lead, Trust Otorudo Allays Fear Of Permanent Restrictions On CBEX Trading Platform

1 Mins read
ST Team of CBEX, CryptoBridge Exchange, has appealed to all their investors to stay calm after the recent restrictions on the withdrawal…
Cover StoryEconomyNewsTelecommunication

Balancing Airtime Justice: NCC’s Bold Move to Address Unclaimed Recharges in Nigeria’s Telecom Sector

3 Mins read
Our goal is to arrive at a framework that protects consumers while ensuring the continued efficiency and competitiveness of the industry  …
Cover StoryNewsPolitics

Rights Group Demands State of Emergency in Zamfara, Accuses Govt of Enabling Insecurity, Illegal Mining

2 Mins read
A human rights coalition, Northern Citizens Alliance for Justice (NCAJ), has called on President Bola Tinubu to immediately declare a state of…
Stay on the loop!

Subscribe to our latest news.

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com