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Tag: BisonFly Project

  • FG tagets N24bn annual savings from BisonFly initiative

    FG tagets N24bn annual savings from BisonFly initiative

    The Federal Government has announced plans to save between N18 billion and N24 billion annually through discounted air fares when the BisonFly Project becomes operational.

    The initiative, developed by the Federal Ministry of Finance, is designed to cut the cost of official air travel across Ministries, Departments, and Agencies (MDAs) by deploying a centralized, technology-enabled booking system.

    Speaking in Abuja on Thursday, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, urged the team charged with the speedy implementation of the project to ensure full delivery of its objectives.

    A statement from the ministry explained that the Minister met with stakeholders to discuss the project’s rollout, stressing the importance of timely execution and measurable results. 

    Represented at the meeting by the Permanent Secretary, Special Duties, Mr. Raymond Omenka Omachi, the Minister said the project has the potential to “significantly reduce the overhead cost of official air travel across the Federal Civil Service, with an estimated annual savings of N18-24 billion through discounted air fares.”

    Edun said the BisonFly Project aligns with the Renewed Hope Agenda as well as ongoing fiscal policy and tax reforms of the current administration, all aimed at promoting cost optimization.

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    According to the ministry, the project will deploy digital booking tools and a centralized platform to enhance transparency and efficiency in official travel arrangements. It is also expected to strengthen the Federal Government’s commitment to prudent financial management.

    “The BisonFly Project directly supports our commitment to prudent financial management,” Edun stated. “By coordinating travel and securing discounted rates, we are using the government’s collective bargaining power to cut expenditure and improve service delivery, just as global institutions like the World Bank have done successfully.”

    The government expressed optimism that the project’s implementation will have a far-reaching impact on the Federal Civil Service by fostering a culture of transparency, accountability, and fiscal responsibility. 

    Officials also project that beyond cost savings, the initiative will contribute to economic growth, job creation, and improved productivity in the public sector, ultimately benefitting Nigerians.

  • FG secures discounted air fare for travelling civil servants

    FG secures discounted air fare for travelling civil servants

    The Federal Government has introduced the BisonFly Project, a new initiative aimed at reducing air travel costs within the Federal Civil Service. 

    A statement from the Ministry of Finance said the programme will be implemented through a centralised, optimised, and technology-driven discount system designed to streamline air travel arrangements for Ministries, Departments, and Agencies (MDAs) of the Federal Government.

    At the project launch in Abuja on Thursday, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, described BisonFly as a strategic initiative crafted by the Federal Ministry of Finance. 

    He revealed that the project is part of the government’s efforts to reduce expenditures by leveraging collective bargaining power to secure discounted air travel rates for civil servants.

    “This initiative supports our commitment to responsible financial management,” Edun stated. 

    “By centralising travel bookings and securing discounted fares, we aim to reduce costs and enhance service delivery, similar to the practices adopted by international organisations such as the World Bank.”

    The BisonFly system will incorporate digital booking tools and centralized platforms to ensure that official travel arrangements are made with increased transparency and efficiency. The platform is expected to be operational in the coming months.

    The Minister also tasked the project implementation team with ensuring the successful execution of this critical government initiative, stressing the importance of adhering to timelines and achieving measurable results.

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    Permanent Secretary, Special Duties, Federal Ministry of Finance, Raymond Omenka Omachi, described the BisonFly Project as a model for fiscal responsibility in the public service, with the potential for broader applications beyond government operations.

    The project was developed by the Ministry’s Efficiency Unit in collaboration with ICT experts and other relevant stakeholders. 

    A dedicated team has been set up to oversee its rollout, ensuring that the program delivers tangible improvements in cost management and public sector operations.

    The BisonFly Project is a key component of the Federal Government’s broader efforts to enhance fiscal discipline and improve the efficiency of public sector services in Nigeria.