HomeBusinessHow AGF Saves N3.6m Monthly on Public Power Supply

How AGF Saves N3.6m Monthly on Public Power Supply

Ahmed Idris, Accountant General of the Federation
Ahmed Idris, Accountant General of the Federation

The office of Accountant General of the Federation (AGF) said N3.6 million is saved monthly on public power supply while  calling for efficient management of resources.

The Accountant-General of the Fedration, Ahmed Idris stated that about N3.5 million is saved monthly on public power source, following the new efficiency strategy being employed in the OAGF complex,that led to the use of one lift in serving the office.

Idris emphasized that the current economic situation in the country requires that administrators should adopt practical strategies on cost cutting to ensure efficient management of available funds.

He said this while addressing some visitors who came for inspection of newly provided facilities Treasury house complex recently.

The OAGF explained that the measure became necessary following the unprecedented rise in the amount spent on public electricity bills which grew to about N8.6 million monthly, from the N3.4million previously being spent.

He had to do a power audit to identify the high power- consuming equipment in the complex and narrowed down on the lifts, which led to current situation where all staff, including himself and visitors use one lift system for the six floors office complex.

Idris said that his team is still working towards further reducing the running cost of office maintenance and maintained that if such cost cutting actions were not taken, the approved amount for electricity in the 2016 budget would be exhausted before the year ends.

He appealed to the staff and visitors to the office to bear with the temporary discomfort,stressing that Government was committed to meeting its obligations within the limited resources available.

It would be recalled that the Treasury house by its mandate is implementing the various reforms on public finance management; most of which are IT driven including IPPIS,IPSAS and Treasury Single Account which require a 24/7 power supply to operate effectively.

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