Business
Bayelsa Uncovers 3,867 Ghost Workers …Saves N3.52bn
Bayelsa State Government has uncovered a total of 3,867 ghost workers in its service.
This is the fall out of five months biometric screening of 53,000 workers in the state. The report of the biometric screening indicated that Bayelsa government also saved N3,516 billion at the end of the exercise.
A total of 11,132 workers, bigger than the total workforce of many states in the federation reportedly failed the test.
Apart from the 3,867 uncovered as ‘ghost workers’, the report said 7,265 were declared irregular, requiring further action by government including prosecution, refund of salaries and possible sack. Their offences involved duplication of names unauthorised appointments, retirement age racketeering, medical fitness problems and presentation of fake academic documents.
The 38-page report submitted by the head of the screening committee the director – general of Due Process Bureau, Kemedi Von Dimeari, attracted the wrath of the governor, Timpre Sylva, who had been under pressure balancing the budgets of the government due to declining revenue in the face of increasing expenditure.
According to the D.G a total of 48,829 workers presented themselves and 38.892 staff members were successful at the screening that cut across ministries, parastatals, agencies, departments and others. He, however, made a plea for offenders that presented themselves to the committee with confessions.
He, declared: “Our observations are that first, most of the ministries, departments, agencies, authorities, local government including the new rural development authorities are over staffed. Also we observed that the staff ratio distribution in the various units was not bringing results, where some units have more staff than the required hands”.
Continuing, Dimeari said, “the most important recommendation in the report is to put in place an impregnable HR Oracle system to ensure cases of ghost workers and irregular employment do not occur against.
“The second recommendation is that of deterrents. We must ensure that the people who had caused the state to lose so much money be sanctioned. And lastly. It is very important that we put in place a decentralised system of salary payment. A situation where the treasury department prepares vouchers and pays salaries is subject to abuse. We will expect the ministries and other agencies to pay up salaries of their workers.
Edun made the call while speaking at the 2025 Fellowship Investiture of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, where he reaffirmed the federal government’s commitment to sustaining ongoing reforms and expanding access to finance as key drivers of economic growth beyond four per cent.
“We all know that monetary policy under Cardoso has stabilised the financial system in a most commendable way. Of course, it is a team effort, and those eye-watering interest rates have to be paid by the fiscal side. But the fight against inflation is one we all have to participate in,” he said.
The minister stressed the need for banks to broaden credit access and finance innovation-driven enterprises that can create jobs for young Nigerians.
“The finance and banking industry has more work to do because we must finance their ideas, deepen the capital and credit markets down to SMEs. They should not have to go to Silicon Valley,” he said.
The minister who described the private sector as the engine of growth, said the government’s reform agenda aims to create an enabling environment where businesses can thrive, access funding, and contribute meaningfully to job creation.
The facility, known as the Nigeria Actions for Investment and Jobs Acceleration (P512892), is a Development Policy Financing (DPF) operation scheduled for World Bank Board consideration on December 16, 2025.
According to the Bank’s concept note , the financing would comprise $500m in International Development Association (IDA) credit and $500m in International Bank for Reconstruction and Development (IBRD) loan.
If approved, it would be the second-largest single loan Nigeria has received from the World Bank under President Bola Tinubu’s administration, following the $1.5 billion facility granted in June 2024 under the Reforms for Economic Stabilisation to Enable Transformation (RESET) initiative.
The World Bank said the new programme aims to support Nigeria’s shift from short-term macroeconomic stabilisation to sustainable, private sector–led growth.
“The proposed Development Policy Financing (DPF) supports Nigeria’s pivot from stabilization to inclusive growth and job creation. Structured as a two-tranche standalone operation of US$1.0 billion (US$500 million IDA credit and US$500 million IBRD loan), it seeks to catalyse private sector–led investment by expanding access to credit, deepening capital markets and digital services, easing inflationary pressures, and promoting export diversification,” the document read.
The document further stated that Nigeria’s private sector credit-to-GDP ratio stood at only 21.3 per cent in 2024, significantly below that of emerging-market peers, while capital markets remain shallow, with sovereign securities dominating the bond market.
To address these weaknesses, the DPF will support the implementation of the Investment and Securities Act 2025, operationalisation of credit-enhancement facilities, and introduction of a comprehensive Central Bank of Nigeria rulebook to strengthen risk-based regulation and consumer protection.
The operation also includes measures to deepen digital inclusion through the passage of the National Digital Economy and E-Governance Bill 2025, which will establish a legal framework for electronic transactions, authentication services, and digital records.
Beyond the financial and digital sectors, the programme targets reforms to lower production and living costs by tackling Nigeria’s restrictive trade regime. High tariffs and import bans have long driven up consumer prices and constrained competitiveness, particularly for manufacturers and farmers.
Under the proposed reforms, Nigeria would adopt AfCFTA tariff concessions, rationalise import restrictions, and simplify agricultural seed certification to increase the supply of high-quality varieties for maize, rice, and soybeans. The World Bank projects that these measures will help reduce food inflation, attract private investment, and enhance export potential.
The operation is part of a broader World Bank FY26 package that includes three complementary projects—Fostering Inclusive Finance for MSMEs (FINCLUDE), Building Resilient Digital Infrastructure for Growth (BRIDGE), and Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW)—all focused on expanding access to finance, strengthening institutions, and mobilising private capital.
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