Business
Financial Expert Wants Govs To Slash Travelling Expenses
A financial expert, Mr Momoh Aliyu, has urged state governors to emulate the Federal Government by cutting down their travelling expenses and utilise it for development projects.
Aliyu gave the advice yesterday in Abuja while reacting to directive by the Federal Government that henceforth there would be slash in travelling expenses of its officials.
President Muhammadu Buhari had on Wednesday approved additional cost saving measures for immediate implementation.
This was in a bid to curb leakages and ensure efficiency in the management of resources of government.
In a statement issued by, Director of Information, Office of the Secretary to the Government of the Federation, Mr Willie Bassey the President said the decision was aimed at instilling financial discipline and prudence, particularly, in the area of official travels.
“Henceforth, all Ministries, Departments and Agencies (MDAs) are required to submit their Yearly Travel Plans for statutory meetings and engagements to the office of the SGF, or the Office of the Head of Civil Service of the Federation for express clearance within the first quarter of the fiscal year before implementation,” the statement said.
Aliyu who is also the Managing Director of Cyber1 Systems Network International, explained that the development was a wake-up call to governors and indeed all other governments’ agencies in the country.
He said overhead cost of traveling in the budget was alarming and taking chunks of the vote heads.
“The action by the President is an act of setting the pace to other parastatals, ministries and state governments,’’ he said.
The expert said that Nigerian government had over the years been criticised of wasting and mismanaging the scarce resources.