In the face of dwindling revenue and determined to maximise available resources, the Federal Government says it will be saving about N24bn annually through discounted airfares for official travels.
The initiative aligns with the Renewed Hope Agenda, as well as the ongoing Fiscal Policy and Tax Reforms of the present administration, which prioritize cost optimization and efficient resource management.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this on Thursday in Abuja at the launch of a new initiative designed to reduce overhead expenditure by cutting down the cost of air travel across all Ministries, Departments, and Agencies (MDAs).
He charged the BisonFly project team with quick implementation of the initiative as government was desirous of optimizing its available resources.
Edun, who was represented by the Permanent Secretary, Special Duties, in the ministry, Raymond Omenka Omachi, noted that the BisonFly Project, was a strategic initiative of the Ministry, which aims to streamline and reduce air travel costs across MDAs by introducing a centralized, technology-driven booking system.
According to the Minister, “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 stressed that the successful implementation of the project will promote a culture of transparency, accountability, and fiscal discipline within the Federal Civil Service.
He added it is expected to boost economic growth, create jobs, and enhance productivity in the public sector—ultimately improving the overall well-being of Nigerians.
