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FG opens data bank for SMEs

LogoDaily Independent Online.         * Thursday, June 17, 2004.

‘Why FG introduced monetisation’

By Dennis Mernyi

Special Correspondent, Abuja

 

 The Federal Government introduced the current monetisation to reduce expenditure and cut wastes,   Information and National Orientation Minister, Chief Chukwuemeka Chikelu, has said. He insisted that the government only wanted to reduce the high cost of governance but not to target any section of its citizens, as being wrongly understood by some people.

This explanation, he said, has become imperative given the impression, making the rounds about the introduction of the policy.

Chikelu, who spoke in an interview with journalists in Abuja on the one-year anniversary of this administration, also said the  government was spending too much on its workers’ workers in the past with little to show for it. “ The concept of monetisation right from the initial stage was never meant to run down people or retrench workers, it was simply meant to address the situation where a higher or low level officer in the public service has a whole range of his or her benefits in cash so that he also learns how to manage it resourcefully”, he said, adding:

“We spend too much on running this government. The expenditure was becoming too much and the government said look, lets do as it is been done in the private sector. In fact, it is not targeted at any body”.

Giving reasons on why some officers are likely to lose their jobs in the cause of the monetisation exercise, the minister stated that in order to reduce waste of resources and get a reasonable size of the productive workforce of the public service, some officers, found to be less productive will be certainly laid off to give room for more energetic and fresh graduates.

 

 

 
 

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