Cost cutting; FG okays implementation Of Oronsaye Report

Tinubu.
Tinubu
Cost cutting; FG okays implementation Of Oronsaye Report

The Federal Executive Council (FEC) has approved the implementation of part of the Stephen Oronsaye Panel report to merge some parastatals, agencies, and some commissions, while others will be subsumed, scrapped or relocated.

The decision was made at the FEC meeting chaired by President Bola Tinubu on Monday.

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This, according to the Special Adviser to the President on Policy Coordination, Hadiza Bala Usman, is in line with the need to reduce cost of governance and streamline efficiency across the governance value chain.

FEC also received a report from the inter-ministerial panel set up to review the affairs of the National Social Investment Programme.

The Council further approved the immediate restart of the direct payments to 12 million households comprising 60 million Nigerians with key provisos.

In 2011, then President Goodluck Jonathan set up the Presidential Committee on Restructuring and Rationalisation of Federal Government Parastatals, Commissions and Agencies with Oronsaye as chairman.

In April 16, 2012, the committee submitted an 800-page report identifying, amongst several other things, overlapping agencies, causing wastage in expenditure.

The report said there were 541 parastatals, commissions and agencies and recommended that 263 of the agencies should be reduced to 161, 38 agencies abolished and 52 merged.

There were some motion without movement on the report during ex-President Muhammadu Buhari eight years in office but the new government said implementing the report aligned with its cost-cutting measures.

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DISCLAIMER: The views and opinions expressed in Fact Check are those of the authors and do not necessarily reflect the official policy or position of Fact Check. Any content provided by our bloggers or authors is of their opinion and is not intended to malign any religion, ethnic group, club, organization, company, individual, or anyone or anything.

Information is presented to the best of our knowledge and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability concerning the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, any reliance you place on such information is strictly at your own risk.

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