The Minister of Finance, Mrs. Kemi Adeosun, made this known yesterday while speaking at the opening session of a meeting with members of the National Steering Committee of the Efficiency Unit.
It will be recalled that the Federal Government had last week released details of loot recovered between May 29, 2015 and May 25, 2016 with the document containing a total of 182 completed buildings and one uncompleted building.
A breakdown of the buildings showed that 146 buildings were recovered by the Economic and Financial Crimes Commission, four by the Office of the National Security Adviser, 33 by the Independent Corrupt Practices and Other Related Offenses Commission.
The minister who decried the huge cost being incurred by government on residential and office buildings noted that between 2012 and 2014, an average yearly sum of N3.55bn was spent on rent by the government.
The Minister had last year set up the Efficiency Unit to reduce the level of recurrent expenditure which according to the 2016 budget had an outlay of N2.65tn.
The unit headed by Mrs. Patience Oniha has among its terms of reference to engender transparency and reduce government’s large expenditure through efficiency in procurement in the various ministries, departments and agencies of the Federal Government.
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