The federal government has raised the alarm that about seventy percent of the monthly revenue inflow into the Consolidated Revenue Fund (CRF) is being spent on recurrent expenditure.
This alarm was raised by the Minister of Finance Mrs Zainab Ahmed at a retreat on the roles of Ministries Departments and Agencies (MDAs) in the implementation of IPPIS and its effect on workers’ condition of service and government revenue in Abuja today.
Ahmed, who was represented by Dr Armstrong Ume Takang an official from the ministry, said this trend of spending about 70% of the revenue that flows into the CRF to will not free the much-needed resources for improving the citizens’ standard of living.
The finance minister noted that one of the ways of solving the problem, is through the continued implementation of the Integrated Personnel and Payroll Information System (IPPIS) that was introduced in 2007, which ensures the continuous verification of the Nominal Roll and Payrolls of MDAs.
She noted that that enabled the government to save over five hundred billion naira. Ahmed stated that government personnel found to have been involved in the inclusion of ghost records on the platform are being prosecuted while some are already serving jail terms.