FG set to cut costs, public office holders’ to get pay-cut

By Post Nigeria June 11, 2015 10:27

FG set to cut costs, public office holders’ to get pay-cut

The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has commenced the process for the review of the salaries and allowances of political, public and judicial office holders.

A committee for the review of the Remuneration Act 2008, which prescribed the salaries and allowances for political, public and judicial office holders was inaugurated Wednesday, by the Chairman of the organisation, Mr. Elias Mbam.

Mbam, through the Head of Public Relations at RMAFC, Mr. Ibrahim Mohammed enjoined the committee to consider the prevailing economic situation and the need to reduce the cost of governance so as to make funds available for the development of the country.

He noted that the commission was constitutionally empowered “to undertake the review of the remuneration packages as may be required from time to time so as to reflect current economic realities; advise Federal and State Governments on monetisation policies; and generate cost of living indices for revision of allowances.”

Mbam stated that all arms of Government of the federation, the National and State Assemblies, State and Local Governments, professional economic bodies, the organised labour, the academia, the media and Nigerians in general should be consulted to enrich the process.

He added that they should do so “to ensure that the review effectively minimises wastages and abuses and ensures prudent management of resources as well.”

Mohammed said the committee was expected “to review the existing Remuneration Act; identify areas of wastages and abuse, examine the implementation of the monetisation policy by Ministries, Departments and Agencies and advise on appropriate remuneration for political, public and judicial officers commensurate with the work they do.”

Mbam stressed that the exercise should be completed before the end of September, adding that it was necessary due to the inflation and downturn in international oil prices.

Also speaking, the Chairman of the Remuneration Committee of the commission, Mr. Abdullahi Inde, urged Nigerians to show support and pray for the committee, as it was committed to doing a thorough job.

Nigerians have expressed concerns over the salaries and allowance of politicians and have on several occasions asked for a cut in their earnings, mostly the bogus allowances.