Nigeria saved N14bn in 4 months through Integrated Payroll – Okonjo-Iweala
The Minister of Finance, Dr Ngozi Okonjo-Iweala, said on Thursday that N14.2 billion has been saved on personnel cost through the Integrated Payroll and Personal Information System (IPPIS). She made this known in Abuja at the ministerial platform to commemorate the 2012 Democracy Day and the one-year anniversary of President Goodluck Jonathan administration.
She listed the savings as a key achievement of the administration recorded at the end of the first quarter of 2012. She said as at April this year, 94,299 public workers have been captured on IPPIS in 75 Ministries, Departments and Agencies (MDAs) IPPIS was introduced by the Federal Government in 2006 to check the incident of ghost workers in the public service.
The system was conceptualised as a central payment process for all public servants whose emolument is drawn from the Consolidated Revenue Fund. The minister said that government had made remarkable progress in the implementation of Government Integrated Financial Management Information System (GIFMIS).