Austerity Measures Escalate In Nigeria As President Buhari Bans Souvenirs At Conferences


The president of Nigeria, Muhammadu Buhari has banned the acquisition and distribution of  souvenirs at conferences that are being funded by the Federal Ministries, Departments and Agencies (MDAs).

The statement which supported banning souvenirs in Nigeria was issued in a statement made on Sunday, 31st July. The Director of Information had claimed that President Muhammadu Buhari had consented to the ban of these materials.

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The ban which was recommended by the Efficiency unit is said to be a part of the austerity measures taken by the government in regards to public funds, to help Nigeria’s economy.

The Efficiency Unit was set up by the present government to “review the Expenditure profile and pattern of the Federal Government and work with Ministries, Departments and Agencies (MDAs) to introduce more efficient processes and procedures that will ensure that the Government’s revenues are deployed in an efficient manner that translates to Value for Money and Savings to Government.”

Nigeria’s economic situation is facing trying times, it was recently identified to being in a “technical recession.” The minister of Finance, however, staved of Nigerian’s fears by emphasising on the present government’s commitment to ensuring the stability of the Nigerian economy.

The Efficiency Unit has, so far, been able to cut unnecessary government spendings such as sitting allowances, training, adverts, publicity, refreshments. Now the organ plans to be successful in cutting off more unnecessary expenditure by banning souvenirs.

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“This will enable release of funds for infrastructure and services such as health and education that would have direct positive impact on the well-being of the citizenry and promote economic development,” the statement said.

It also added that measures to ensure the easy implementation of this new policy, including cutting the costs of printing brochures, invitation cards, noted pads, and so on will be implemented as well.