The Federal Ministry of Finance has revealed plans to generate four Billion Naira on travel cost to increase funding for capital investment.
The Ministry noted that its efficiency unit has engaged in negotiations with local and international airlines for discounts to commensurate with the large number of ticket purchases made annually by the government.
According to the Ministry, the savings generated will increase funding available to the government for capital investment. With estimated savings of approximately four billion Naira, the Finance Ministry has asked the efficiency unit to make travel a key focus area for cost cutting and generation of savings.
On the other hand, The Minister of State, Aviation, Sen. Hadi Sirika, has said that the Federal Government would unveil the new national aviation policy within the next two weeks.
Sirika made the disclosure in a statement issued on Wednesday in Abuja by Mr Sunday Iyogu, the Principal Information Officer in the minister’s office, when a delegation from the Department for International Development (DFID) Nigeria, led by its Deputy Head, Mr Nick Hamer, paid him a courtesy visit.
He said the ministry would engage stakeholders, the media and members of the public to acquaint them on government’s policy direction and programmes towards actualising the change agenda in the sector.
The minister said that the government recognised DFID’s positive participation in the social and economic activities of Nigeria, of which the nation had benefited from investments and guidance of the British Government.
Sirika, therefore, pledged the readiness of the government for continuous support and partnership with the DFID where necessary.
Department for International Development (DFID) Nigeria, Deputy Head, Mr Nick Hamer, said that the visit was to explore areas of partnership in aviation sector especially in the area of security and safety of the nation’s airports and users.
DFID is a United Kingdom Government’s department responsible for administering overseas aid. The goal of the department is to promote sustainable development and eliminate world poverty.