RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home News

Pantami says FG saves N24.7 billion monthly through IT

Rate Captain by Rate Captain
April 5, 2019
in News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Isah Pantami, director general, National Information Technology Development Agency (NITDA) has said that the federal government saves N24.7 billion monthly, through deployment of information technology.

Pantami made the disclosure at the “March 2019 Lunch Time Reform’’ seminar organised by the Bureau of Public Service Reforms in Abuja.

AlsoRead

How I Lost N200 Billion”: Femi Otedola Reflects on His Biggest Financial Setback

EFCC Arraigns Precious Williams for Alleged N13.8 Billion Ponzi Scheme Fraud

Kenya to Relocate Health Data from U.S. Servers After Trump’s USAID Funding Cuts

“Under E-Governance today, so many leakages in government institutions have been blocked by IT (Information Technology) and that has integrated even the revenue of our country

“With the implementation of Treasury Single Account (TSA) and Integrated Payroll and Personnel Information System (IPPIS) and BVN, the Federal Government of Nigeria has been saving a minimum of N24.7billion monthly, just because of the implementation of this IT software.

“In addition, look at the confidence of our citizens today it has improved significantly in Nigeria, because many people today have trust in online banking.’’

The director general said IT had further enabled Nigerians to obtain International Passports, book appointment for biometrics online.

According to him, the Corporate Affairs Commission had automated its system, to enable companies get registered online without going to the organisation’s office.

Furthermore, he said IT had enabled Nigerians to run online courses without physically attending institutions.

Pantami urged all public institutions to effectively utilise Information Technology for exchange of knowledge, boost creativity and inclusion.

He said low internet connectivity, lack of digital skills, low integration of business technology with IT as well as non-digitalisation of some public institutions accounted for huge loss of government revenue.

He warned that institutions which remained non-proficient in IT deployment were likely to be expired by 2020.

He further cautioned that public institution defaulters of IT clearance from NITDA would be punished through the agency’s laws and with directives from the Presidency.

The DG, therefore, urged all public institutions to strive to create IT action plans, retain good IT staff while attracting more world class IT experts especially the indigent ones in foreign countries.

Tags: The Guardian
Previous Post

Oil Price Benchmarks Are Defying the Laws of Supply and Demand

Next Post

Nigeria’s debt hits N24.39tn, rises by N2.66tn in one year

Related News

Otedola acquires 5.52% of Transcorp Plc.

How I Lost N200 Billion”: Femi Otedola Reflects on His Biggest Financial Setback

by Rate Captain
August 22, 2025
0

In a rare moment of vulnerability, billionaire businessman Femi Otedola has shared the story of how he lost nearly N200...

EFCC Launches Task Force to Combat Naira Mutilation and Dollarization

EFCC Arraigns Precious Williams for Alleged N13.8 Billion Ponzi Scheme Fraud

by Victoria Attah
June 17, 2025
0

The Economic and Financial Crimes Commission (EFCC) has charged Precious Williams, a director of Glossolalia Nigeria Ltd and Pelegend Nigeria...

Kenya to Relocate Health Data from U.S. Servers After Trump’s USAID Funding Cuts

by Victoria Attah
June 4, 2025
0

Kenya’s Ministry of Health announced plans to relocate critical health data hosted in the United States to local servers, following...

Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

Nigeria’s Equities Market Reels as Foreign Investment Plummets Amid Global Tensions

by Rate Captain
May 26, 2025
0

In April 2025, Nigeria’s equities market faced a stark reality check as foreign portfolio investment (FPI) cratered by 92.39%, plunging...

Next Post

Nigeria’s debt hits N24.39tn, rises by N2.66tn in one year

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

$26 Billion for unidentified source passed through Binance-Cardoso

CBN Auctions N1.15 Trillion in Treasury Bills as Investors Eye Higher Yields

January 22, 2026
CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

Five MPC Members Pushed for 50bps Rate Cut in November 2025, CBN Minutes Reveal

January 22, 2026

Popular Story

  • Nigeria, others get $40b as global FDI falls to $1.2tr

    0 shares
    Share 0 Tweet 0
  • IMF- Nigeria’s Economy to Grow by 2.7%

    0 shares
    Share 0 Tweet 0
  • India Raises Interest Rates For First Time In Four Years

    0 shares
    Share 0 Tweet 0
  • Diamond bank deny merger talks with Access bank

    0 shares
    Share 0 Tweet 0
  • Nigeria plans special economic zones to double manufacturing by 2025

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>