Finance

Nigeria Saves N273bn in Two Years Through Integrated Payroll System

  • Nigeria Saves N273bn in Two Years Through Integrated Payroll System

Efforts to curb leakages and ensure transparency across all government parastatals have started yielding results following the successful implementation of the Integrated Personnel and Payroll Information System (IPPIS) in Ministries, Department and Agencies.

According to the Accountant-General of the Federation, Ahmed Idris, the Federal Government saved N273.8 billion between 2017 and 2018 just by implementing the IPPIS.

Idris, who was at a meeting of Vice – Chancellors, Registrars and Bursars of Federal Universities held in Abuja, also revealed that prior to the current administration, the total number of Ministries, Department and Agencies on IPPIS system were 288 with a staff strength of 235,858, saying that number has now been increased to 561 MDAs with over 755,422 workers.

He said the IPPIS scheme reformed government’s initiatives developed to achieve a centralised payroll system of the Federal Government, facilitate easy storage, update and retrieve personal records for administrative and pensions processing to aid manpower planning and budgeting as well.

He also said the Federal Government has perfected a plan to enroll Federal Universities in Nigeria on the IPPIS platform to ensure transparency and accountability in government expenditure.

“The centralised payroll would be prepared by each university but co-ordinated by IPPIS while the total management of the Human Resources would rest squarely with the universities,” Idris stated.

He, however, assured them that government would accommodate all peculiarities like sabbatical, visitation, honorarium and earned allowances once they complied with the presidential directive on IPPIS platform.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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