Minister of Finance inaugurate inter-ministerial committee to review all pension liabilities of the Federal Government

  

  Minister of Finance, Kemi Adeosun, has inaugurated an inter-ministerial committee to review all pension liabilities of the Federal Government and come up with strategies to offset them.

   Adeosun heads the committee made up of the Accountant General of the Federation, Ahmed Idris, and the Director-General, Budget Office of the Federation, Ben Akabueze, among others.

  She said the composition of the committee was approved by President Muhammadu Buhari, adding that its terms of reference were to review and reconcile all pension liabilities and make recommendations as to what portion of the liabilities could be funded through budget appropriations, as well as to suggest creative ways of funding the balance.

   In a statement from the Director of Information in the Ministry of Finance, Salisu Dambatta, stated that the Finance minister tasked the members of the committee to identify any pension asset that could be in suspense and ensure that such funds were used in offsetting the liabilities.