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
Privacy Policy {title}
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 Economy

President Bola Tinubu Engages Oracle to Tackle Nigeria’s Bloated Civil Service Payroll

Stephen Akudike by Stephen Akudike
September 11, 2023
in Economy, macroeconomy
Reading Time: 2 mins read
A A
0
Tinubu Orders Financial Sanctions on Niger Republic Coup Plotters.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

In a bid to address the alarming issue of Nigeria’s burgeoning civil service payroll, President Bola Tinubu held a crucial meeting on Monday with Oracle Corporation’s Global Vice President, Mr. Andres Garcia Arroyo, at the State House in Abuja. President Tinubu called on Oracle, the American multinational computer technology company, to assess the situation and implement technological solutions to streamline and modernize the public service payroll system.

The crux of the matter lies in the fact that the public service payroll, while accounting for only 1 to 2 percent of the national population, consumes a significant portion of the country’s revenue. President Tinubu expressed his deep concern about the unsustainable situation, stating, “Each time they give me the payroll number, I get so frightened. Where am I going to get the capital to develop the infrastructure we desperately require if the payroll of 1% – 2% of the population is consuming all the revenue?”

AlsoRead

Gencos Urge Quick Meeting With Tinubu Over Mounting N4.7tn Power Debt

CWG Sets Sights on East Africa and Middle East Following Record Profits

Nigerian Stock Market Rallies as Investors Pocket N1.045 Trillion Gain

To address this pressing issue, President Tinubu is advocating for the implementation of advanced technological controls to monitor and optimize various transaction processes within the public service. He expressed confidence in Oracle’s ability to assist in this endeavor, citing their past success in automating the Lagos State payroll system during his tenure as the Lagos State Governor.

Mr. Arroyo, the Global Vice President of Oracle, responded positively to President Tinubu’s call for assistance. He pledged that Oracle would conduct a comprehensive national diagnosis of the public service’s current state, analyzing the scale of solutions required across various sectors. Notably, Oracle has offered to perform this diagnostic assessment for free.

Arroyo also proposed a thorough digital transformation of work processes at the federal level of administration, with the aim of achieving better macro-economic visibility, streamlining government operations to save costs and time, and facilitating skills development opportunities for Nigerians.

In his remarks, Mr. Arroyo commended President Tinubu for his practical leadership throughout his career, stating, “You have shown tremendous practical leadership throughout your career, Mr. President. We have partnered with you and we know how determined you are to achieve all that you set out to achieve.”

President Tinubu, looking back on the successful collaboration between the Lagos government and Oracle during his time as governor, stressed the importance of technological solutions in enhancing accountability and expediting service delivery without compromising quality. He emphasized the significance of accurate data and efficient data management capabilities in building strong institutions and delivering excellent services to Nigerians.

Furthermore, President Tinubu expressed his commitment to forging new partnerships with global technology companies to ensure transparency and accuracy in public institutions’ data. His government’s vision includes promoting ease of doing business, fostering digital innovation, implementing efficient identity management, optimizing payroll administration, and delivering high-quality citizen-centered services.

In conclusion, President Bola Tinubu’s engagement with Oracle Corporation marks a significant step toward addressing Nigeria’s fiscal challenges related to its civil service payroll. The proposed technological solutions hold the promise of ushering in a new era of transparency, efficiency, and accountability within the Nigerian public sector, ultimately benefiting the entire nation.

Tags: #Efficiency#NigeriaaccountabilityCivil Service Payrollfiscal challengesOracle CorporationPresident Bola TinubuPublic Sector ModernizationTechnological Solutionstransparency
Previous Post

Nigeria’s Money Supply Soars 17% in Two Months, Triggering Economic Concerns

Next Post

PZ Cussons Announces Plan to Acquire Outstanding Shares of PZ Cussons Nigeria Plc

Related News

FG Obtain $300 Million World Bank Palliative Loan

Gencos Urge Quick Meeting With Tinubu Over Mounting N4.7tn Power Debt

by Akpan Edidong
May 7, 2025
0

Nigeria’s electricity generation companies are pressing for an urgent audience with President Bola Tinubu to discuss the staggering N4.7 trillion...

 Top Story: Central Bank Raises MPR by 200 Basis Points to 24.75%

CWG Sets Sights on East Africa and Middle East Following Record Profits

by Victoria Attah
May 7, 2025
0

Nigerian tech powerhouse CWG Plc is gearing up for an ambitious expansion into East Africa and the Middle East after...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Nigerian Stock Market Rallies as Investors Pocket N1.045 Trillion Gain

by Stephen Akudike
May 7, 2025
0

Investors at the Nigerian Exchange Ltd (NGX) enjoyed substantial profits on Tuesday as the market extended its bullish run, adding...

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

Tinubu Endorses $122bn Investment Roadmap to Revamp Nigeria’s Power Sector

by Akpan Edidong
May 6, 2025
0

President Bola Tinubu has officially endorsed a sweeping new policy aimed at transforming Nigeria’s struggling power sector, with plans to...

Next Post
PZ Cussons Announces Plan to Acquire Outstanding Shares of PZ Cussons Nigeria Plc

PZ Cussons Announces Plan to Acquire Outstanding Shares of PZ Cussons Nigeria Plc

Leave a Reply Cancel reply

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

Recommended

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

Access, Zenith, Six Other Banks Boost Investment Securities to ₦41.7tn in Q1 2025

May 8, 2025
Nigeria Market Highlights: Japaul Gold Ventures Leads Most Active Gainers, FCMB Surges By 7.03%

Dangote, Access, Zenith Top CSR Spending in 2024

May 8, 2025

Popular Story

  • Fair Money Job Opening: Regional Sales Manager

    Fair Money Job Opening: Regional Sales Manager

    0 shares
    Share 0 Tweet 0
  • BlackRock Joins Blockchain Platform Axoni for Equity Swap Trades

    0 shares
    Share 0 Tweet 0
  • IMF Forecasts: The Fastest Growing Economies in 2024

    0 shares
    Share 0 Tweet 0
  • University of Glasgow Offers Leadership Scholarships for International Students.

    0 shares
    Share 0 Tweet 0
  • Nigeria Set to Clear IMF Loan by 2029 Amid Economic Reforms

    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
?>