Nov 8, 2017: President Muhammadu Buhari tuesday disclosed that the enforcement of treasury single account (TSA) has resulted in the monthly savings of N4.7 billion while the implementation of Integrated Payroll and Personnel Information System (IPPIS) has equally saved Nigeria over N20 billion. Buhari made this disclosure tuesday while declaring open the e-Nigeria Conference organised by the National Information Technology Development Agency (NITDA) at the International Conference Centre (ICC), Abuja.
The president who described information communication technology (ICT) as a veritable tool in driving productivity and efficiency in all sectors of the economy, lamented that 80 per cent of ICT hardware purchases in Nigeria are imported.
Disclosing that the implementation of TSA has culminated in the consolidation of over 20,000 accounts, Buhari said the application of IPPIS had equally helped the government to eradicate ghost workers and consequently reduce waste of government resources.
In his words, President Buhari said “we have so far consolidated over 20,000 accounts, resulting into about N4.7 billion monthly savings. In addition, the policy facilitated transparency, accountability and ease of transactions and payments between government and businesses as well as government and citizens..
“Another initiative leveraging on ICT and making huge impact on the economy is the introduction of the Integrated Payroll and Personnel Information System (IPPIS) and Bank Verification Number (BVN). Its implementation has helped to eliminate the menace of ghost workers thereby reducing waste in the system by saving government over N20 billion monthly,” he said.
Observing that almost all sectors of the economy rely on ICT to enhance efficiency, productivity and performance, the president said Nigeria as the most populous country in Africa, has huge opportunities to manufacture ICT products.