FG Spends N3.55bn On Rent Yearly, To Move MDAs To Forfeited Buildings
Mrs. Kemi Adeosun, Minister of Finance[/caption]
The Federal Government has said that due to the fact that it spends not less than N3.55bn on rented properties annually, it is considering the relocation of some government agencies to occupy forfeited properties from the recovered loot.
The Minister of Finance, Mrs. Kemi Adeosun, who disclosed this while speaking at the opening session of a meeting with members of the National Steering Committee of the Efficiency Unit, said the move is part of efforts aimed at of cutting down on government’s expenditures on rent and office buildings.
The minister while lamenting the huge cost being incurred by government on residential and office buildings said that between 2012 and 2014, an average yearly sum of N3.55bn was spent on rent by the government.
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Adesoun said, “The average annual expenditure on rent for the three year period 2012 to 2014 was N3.55bn.
“The issuance of price guidelines and initiatives for reducing expenditure on rent on office and residential buildings will be the primary focus in the coming months.
“And to achieve that, we are already looking at using properties that were forfeited from recoveries and moving some of our agencies to occupy those properties rather than paying rent.”
The Federal Government had last Saturday 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.
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A breakdown of the buildings showed that 33 buildings were recovered by the Independent Corrupt Practices and Other Related Offenses Commission, 146 by the Economic and Financial Crimes Commission and four by the Office of the National Security Adviser.
