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 StoryDevelopmentEconomyHousing and ConstructionNews

Property Xtra Integrated Services: Revolutionizing Real Estate in Nigeria

1 Mins read
Navigating Nigeria’s dynamic real estate market can be complex. Property Xtra Integrated Services, founded by marketing and advertising expert Mr. Kabir Bello,…
Cover StoryNewsReligion

We Will Not Allow Insecurity to Overshadow Our Efforts at Helping the Vulnerable -- Tinubu

2 Mins read
President Bola Ahmed Tinubu on Sunday said his administration will intensify efforts to tackle insecurity across the country, assuring that the safety…
Cover StoryForeign NewsNewsPersonality

Tinubu Extols Damilola Ogunbiyi as First Nigerian Honoured with Time Earth Awards

1 Mins read
President Bola Ahmed Tinubu, GCFR, has congratulated Damilola Ogunbiyi on becoming the first Nigerian to receive the TIME Earth Award, calling the…
Stay on the loop!

Subscribe to our latest news.

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com