Abuja - President Goodluck Jonathan said government would this year complete the deployment of three electronic platforms.
These are the Treasury Single Account (TSA), the Government Integrated Financial Management Information System (GIFMIS) and the Integrated Payroll and Personnel Information System (IPPIS).
“These are all geared towards improving efficiency and transparency in our public finances. Through these reforms, we have already saved about N126 billion in leaked funds and intend to save more,” he said.
He said the government would continue to prioritize investments in key sectors such as infrastructure development in the New Year.
“In 2014 we will continue to prioritize investments in key sectors such as infrastructure development, power, roads, rail transportation and aviation. In the past year, the Federal Government completed the privatization of four power generation companies and 10 power distribution companies. We are also in the process of privatizing 10 power plants under the National Integrated Power Projects (NIPP).”
The President added that the government shall boost investments in transmission to ensure power generated is properly evacuated and distributed.
Jonathan said the government would boost investments in transmission to ensure power generated was properly evacuated and distributed.
Government has already mobilized an additional $1.5 billion for the upgrade of the transmission network in 2014 and beyond.
“Government will also strengthen regulation of the sector, and closely monitor electricity delivery to increase this beyond 18 hours per day. We will complete the privatization of the NIPP projects, accelerate work on our gas pipeline infrastructure and also continue to invest in hydro-electric power and clean energy as we monitor the effects of climate change on our economy. Our administration believes that the cost of governance in the country is still too high and must be further reduced.”
Jonathan said his administration would also take additional steps to halt corruption and leakages.
The government has introduced a Pensions Transition Arrangement Department under a new Director-General.
“This department will now ensure that those of our pensioners still under the old scheme receive their pensions and gratuities, and are not subjected to fraud. Prosecution of all those involved in robbing our retired people will continue.”
– CAJ News