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| Director General, Bureau of Public Service Reforms (BPSR), Dr. Joe Abah, |
The Director General, Bureau of Public Service Reforms (BPSR), Dr. Joe Abah, has said various policies aimed at improving the public service had worked, and that the service has been repositioned for better performance since 1999.
Abah who stated these last Saturday in Abuja at the January edition of Speakers Corner Trust monthly public debate also said the cashless policy of the Central Bank of Nigeria (CBN) had drastically reduced corruption in the system.
He noted that Nigeria’s cashless policy recorded a growth in the use of bank cards from N38 million in 2012 to N34 billion in 2014, and that the banking sector reforms improved the country’s average capital adequacy ratio from four per cent in 2009 to 18 per cent in 2013.
The director who said government achievement in pension reforms was unprecedented, explained that pension funds had grown from a deficit of N43 billion to a credit of N4.4 trillion in 2014.
He maintained that all retirees now get their entitlements as at when due, as against the system during the military regime.
“The reform in the pension system has seen our pension funds grow from a deficit of N43 billion in 2004 to a healthy credit of N4.6 trillion in 2014. Public procurement reforms has brought savings of N618 billion since 2007 and anti-corruption efforts has seen Nigeria move from the second most corrupt country in the world when we returned to democracy in 1999 to now being perceived to be the 39th most corrupt,” he said.
Abah also said rural dwellers had noticed the developmental strides of the government just like the elites in the urban centres.
Speaking on Nigeria’s public finance management, Abah said the country’s treasury single account has turned a government overdraft of N102 billion in 2011 to a credit of N86 billion in 2014.
He added that revenue from tax collection had improved significantly from N455 billion in 2000 to N4.8 trillion in 2013.
THISDAY
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