FG launches initiative to cut overhead cost

The Federal Government has launched a new initiative to reduce overhead expenditure by cutting down the cost of air travel across Ministries, Departments, and Agencies (MDAs).

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, represented by the Permanent Secretary, Special Duties, Mr. Raymond Omenka Omachi, speaking in Abuja on Thursday, tasked the BisonFly project team with the timely implementation of the initiative.

He stated that the project is expected to save the government an estimated ₦24 billion annually through discounted airfares for official travels.

Mr. Edun said the move aligns with the Renewed Hope Agenda, as well as the ongoing Fiscal Policy and Tax Reforms of the present administration, which prioritise cost optimisation and efficient resource management.

The BisonFly Project, is an initiative of the Federal Ministry of Finance, with the aim to streamline and reduce air travel costs across MDAs by introducing a centralised, technology-driven booking system.

“Project BisonFly directly supports our commitment to prudent financial management. By coordinating travel and securing discounted rates, we are using the government’s collective bargaining power to cut expenditure and improve service delivery, similar to the cost-saving practices of global institutions like the World Bank.” the Minister said.

He also said that the successful implementation of the project will promote a culture of transparency, accountability, and fiscal discipline within the Federal Civil Service. He added that the project is expected to boost economic growth, create jobs, and enhance productivity in the public sector—ultimately improving the overall well-being of Nigerians.