The Federal Government would soon issue a new template on approved expenses for state-owned enterprises as efforts are intensified to control the nation’s recurrent expenditure.
According to the Minister of Finance, Mrs. Kemi Adeosun, who disclosed this Thursday in Abuja at a workshop on Cost Management on Overhead Expenditure for Permanent Secretaries, Chief Executive Officers of Departments and Agencies, the Federal Government needed to create headroom to be able to invest in capital projects.
She stated that there is need to control recurrent expenditure, especially overheads, a drive which necessitated the creation of the Efficiency Unit by the Presidency in 2015.
The Sun, October 15th
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