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Personal & Payroll Information System Saves Nigeria N160 Billion

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The Nigerian federal government have launched the integrated Personnel and Payroll Information System in the public sector. This development will save the government the sum of N160Billion in personnel costs.

The IPPIS scheme is one of the Federal Government’s reform initiatives that facilitates planning, aid budgeting, monitoring monthly payments of staff emoluments against what was provided for the budget; updating and retrieval of personnel records for administrative and pension process.

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According to the accountant general of the Nigerian Federal, Jonah Otunla, the figure was the total amount saved as at the end of December 2013.

The event, which is a bi-monthly training programme designed for ANAN members’ continued professional relevance in skills acquisition had as its theme “Trends in professional practice and regulation.”

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Otunla added that the N160bn in personnel costs was saved through the elimination of ghosts workers in Ministries, Departments and Agencies of government.This, he said, was made possible owing to some of the reforms which the Office of the Accountant General of the Federation had embarked upon in recent times.

The accountant general listed some of workers as the Government Integrated Financial Management Information System which had helped to link all government accounts thus ensuring better management of government budget, and the introduction of the International Public Sector Accounting Standards which had helped to ensure uniformity in government accounting records.

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Alhaji Sakirudeen Labode, president of ANAN, also urged members of the association to abide by the ethics of the profession by familiarizing themselves with the new code of ethics for professional accountants.

He said the code of ethics which is in line with international best practices is also in conformity with the requirements of the International Federation of Accountants and would be strictly implemented by the association

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Caroline Vutagwa
Caroline Vutagwahttps://my.techmoran.com
Minding my own business is not enough for me that's why you will always find me minding Africa's Businesses as well as Technology and of course letting you know about it. Talk to me on [email protected]

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