President Bola Tinubu, on Friday, declared that his administration is conducting a full forensic audit of the Central Bank and that a complete revamp of the Civil Service payroll is about to take place.
”A comprehensive forensic audit is on-going at the Central Bank. We are going to do very serious structural review of the Civil Service payroll. I can’t believe in the numbers I’m seeing and I’ve had that experience before at the state level,” Tinubu told the President of the World Bank, Mr. Ajay Banga, at the Presidential Villa, Abuja.
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Special Adviser to the President on Media and Publicity, Ajuri Ngelale, disclosed this in a statement he signed late Friday titled ‘Forensic audit of CBN underway as we win back investor confidence, President Tinubu tells World Bank Chief.’
Tinubu said the reforms are in tandem with Nigeria’s Ease of Doing Business programme.
“We’ll block all financial loopholes.
“The reforms will be targeted at the way we work, change of attitude and equally on educating our people.
“It’s costly but we will do it,” he said.
Highlighting Nigeria’s resilience and intellectual prowess, the President implored the Bretton Woods institution to view the country as a significant player within the global community, not solely as a struggling economy.
He said, “We stand as a vibrant and educated society, seeking to avert chaos through strategic interventions.
“Your proactive engagement aligns with our quest for partnership, and together, we shall pursue mutual benefits that enrich us all,’’ he said.
In order to reduce poverty, the President called for additional support from the World Bank and expressed hope for fruitful cooperation between Nigeria and the World Bank that would result in win-win outcomes and long-term development.
The reduction of subsidies, improper management of foreign exchange, exchange rates, inflation, liquidity, and debt management were additional topics of his discussion.
President Tinubu also provided information on the significant reforms implemented by his administration, such as those targeted at boosting the Ease of Doing Business, cementing advancements in Nigeria’s oil sector, and giving security priority in order to increase the country’s revenue creation.
