President Bola Tinubu has expressed commitments to cutting cost of governance by ordering implementation of Oronsaye Report 12 years after.
The immediate implication of the order, which has been applauded by most Nigerians as it aims at scrapping many agencies of the federal government and merging others, that are either overlapping or duplicating h
Metrobusinessnews.com, (MBN) reports that most of the agencies were created based on political expediency and patronage that have become drainpipes on the economy.
The Federal Executive Council (FEC) reached the decision to implement the Oronsaye Report on Monday, February 26, 2024..
Infact the 12-year old document made far-reaching recommendations to the federal government which are yet to be implemented thus far.
One of the recommendations of the Oronsaye panel was for the federal government to restructure and rationalise parastatals and agencies of the government with the view to cut costs.
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Arising from today’s FEC meeting, Bayo Onanuga, Special Adviser, Information and Strategy to President Tinubu, disclosed that many agencies would be scrapped in line with the report.
“Twelve years after the Steve Oronsaye panel submitted its report on restructuring and rationalizing Federal government parastatals and agencies and a white paper issued two years after, President Tinubu and the Federal Executive Council today decided to implement the report.
“Many agencies will be scrapped and many others will be merged, to pave way to a leaner government,” Onanuga stated.
