FG Cautions States on Overhead Costs
The Minister of Finance, Mrs Zainab Ahmed, Monday called on the state governments to be cautious in their overhead costs to be able to achieve fiscal discipline.
Speaking during the 2018 Conference of the National Council on Finance and Economic Development, NACOFED, in Kaduna, Ahmed said states should avoid unnecessary expenditure.
The Minister who was represented by her Special Adviser on Media and
Communications to the minister, Mr Paul Ella Abechi, urged the states to develop cost effective strategies to raise Internally Generated Revenue (IGR).
The Minister said, “Let me remind us that we need to develop cost effective strategies to increase our IGR, reduce unnecessary overhead costs, enthrone fiscal discipline and transparency so as to optimize available limited resources, while efforts are sustained to broaden our revenue base.
“On the Federal Government’s part, we will continue to strive to ensure that all federation revenues are accounted for in the most transparent manner and managed efficiently to deliver on the dividends of democracy to the citizenry.”
The Minister said President Muhammadu Buhari was supportive of the drive to explore other relevant revenue sources for the development of the country.
About Post Author
