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

NRS Chairman: Fuel Subsidy Could Have Cost N53 Trillion

Tinubu Approves Deep Offshore Reform Aimed at Attracting $50 Billion Investment

Oil Sector FX Demand Surges 115% in 2025 Despite Expanded Local Refining

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

Petrol Prices Surge in West Africa as Nigeria Removes Subsidies.

NRS Chairman: Fuel Subsidy Could Have Cost N53 Trillion

by Akpan Edidong
August 12, 2026
0

The Chairman of the Nigeria Revenue Service, Zacch Adedeji, has said that Nigeria’s fuel subsidy bill could have ballooned to...

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

Tinubu Approves Deep Offshore Reform Aimed at Attracting $50 Billion Investment

by Victoria Attah
August 12, 2026
0

President Bola Tinubu has approved a major reform of Nigeria’s deep offshore oil and gas investment framework, designed to unlock...

Oil Sector FX Demand Surges 115% in 2025 Despite Expanded Local Refining

by Akpan Edidong
August 10, 2026
0

Nigeria’s foreign exchange demand for oil-sector imports rose sharply by 114.91 per cent in 2025, underscoring the country’s continued reliance...

Senate Committee Frowns at N17 Trillion Loss from Tax Waivers, Urges FIRS Reform

Tax Revenue More Than Doubles to N27.1 Trillion After 113% Surge

by Victoria Attah
August 10, 2026
0

Nigeria’s tax collections have risen by 113 per cent in less than three years, climbing from N12.3 trillion in 2023...

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

Airlines Implement Time-Saving Strategies for More Efficient Operations

Air Peace and United Nigeria Claim Over N2 Billion Losses After Union Disruptions

August 13, 2026
CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

CBN Raises 364-Day T-Bill Rate to 17.59% Despite N4.4 Trillion in Bids

August 13, 2026

Popular Story

  • Nigeria’s Debt to China Surges by $800 Million in One Year

    31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Forex Supply Soars 66% as CBN Hikes Interest Rates

    0 shares
    Share 0 Tweet 0
  • Shocking: “Undress” An AI Tool That Unveils Digital Representations of Individuals Without Clothing

    0 shares
    Share 0 Tweet 0
  • All-Share Index Sheds 0.39% as Market Opens on Negative Note

    0 shares
    Share 0 Tweet 0
  • NPA Tours Lekki Port with Minister finds 6,000 Abandoned Cargoes

    0 shares
    Share 0 Tweet 0

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}
?>