Temporary ban on foreign trips by officials of government Could save quarterly of more than N5 billion for the Federal Government.

 

 

The temporary ban on all public funded international trips for all Federal Government officials at all levels by President Tinubu may have a positive financial savings to the Federal Government.

Basetrust news recently reported of a letter dated March 12, 2024, and signed by the Chief of Staff to the president, Femi Gbajabiamila; and addressed to the Secretary to the Government of the Federation, George Akume of a temporary ban of all Government funded foreign trips of officials of government  which affects ministers, heads of agencies and other officials, for a period of three months starting from April 1, 2024, which according to the Federal Government is aimed at reducing cost of governance.

The new directives if implemented could result in potential quarterly savings of more than N5 billion for the Federal Government.

Presidency will save N1.74bn in three months

The Vice President’s office will save N307.3m.

The Ministry of Petroleum Resources will save N299.5m in three months.

The Ministry of Industry, Trade and Investment will save N176.79m

The National Defence College will save N984.6m

The EFCC will save N434.56m.

The Nigerian Intelligence Agency will save N860.8m

The Office of the Secretary General of the Federation will save N47.5m

The auditor general will save N114.9m

The Finance Ministry will save N173.2m

The Ministry of Budget and Economic Planning will keep N173m

The Command and Staff College will be save N631.48m

The Ministry of Justice will save N212.32m

The Youth Development Ministry will save N70.8m.