News
Covid-19 : FG Bans Purchase Of Vehicles To Cut Non-essential Spending
Amidst Covid-19 pandemic, FG bans the purchase of vehicles to cut non-essential spending.
Ambulances, fire-fighting vehicles and other essentials are exempted from the ban.
FG bans the purchase of vehicles to cut non-essential spending.
As part of ways to cut non-essential spending, the Special Adviser to the President on Media and Publicity, Femi Adesina, says FG has stopped the purchase of vehicles till further notice.
This was disclosed in a document that was made available to journalists in Abuja on Thursday. The document was tagged : “What you need to know about the Nigeria Economic Sustainability Plan”.
The plan was developed by the Economic Sustainability Committee. It was designed to support the nation’s economy in the face of challenges of the COVID-19 pandemic.
The news comes a day after the approval of the N2.3 trillion Nigeria Economic Sustainability Plan by the Federal Executive Council.
Adesina said only ambulances, fire-fighting vehicles and other essentials are exempted from the ban.
He said :
“The President has approved the implementation of the report on the rationalisation of government agencies.
“The NESP will also target a reduction in average production costs of crude oil.
“Also, the Integrated Personnel and Payment Information System will be expanded to cover all Federal Government’s MDAs.
“Non-critical and administrative capital spending will be eliminated; including purchase of vehicles (except for ambulances; fire-fighting vehicles and other essentials).”
Adeshina added that the Economic Sustainability Committee would monitor the implementation of the plan. He also said that the Vice President will regularly brief the President on progress made.
