By eliminating the names of workers that do not exist from their payroll, the federal government has saved a whopping 120 billion Naira.

The savings accrued after the government introduced a technology called Integrated Payroll and Personnel Information System (IPPIS) which checkmated the ghost worker syndrome.

Accountant General of the Federation (AGF), Mr Ahmed Idris, disclosed this in Abuja in a presentation on the impact of financial reforms on the Nigerian economy, at the 22nd Annual Conference of Certified National Accountants.

Idris said the savings spanned across 10 years, from April 2007 when IPPIS became operational till date.

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The saving was not limited to detecting ghost workers, as excess personnel cost that had been channeled to non-personnel sub-heads by Ministries, Departments and Agencies (MDAs) were also recovered.

“From April 2007 when the scheme commenced to date, 459 MDAs have been enrolled with a total number of 310,453 staff.

“Over 120 billion Naira cumulatively saved as a result of the difference between the amount government would have released to the MDAs based on appropriation, and actual amount released and paid through IPPIS.

“By the end of this month (October), we expect to make an additional 100 billion Naira savings after the verification and capturing of the Armed Forces,” he said.

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