President Bola Tinubu has directed the full implementation of the Oronsaye report.
The 2012 Oronsaye report on public sector reforms disclosed the existence of 541 federal government parastatals, commissions, and agencies, both statutory and non-statutory
In the FEC meeting chaired by President Bola Tinubu, the decision was made to cut down on governance costs and enhance efficiency. To implement these changes, an eight-man committee was formed, tasked with executing mergers, scrapings, and relocations within a 12-week timeframe. This committee, led by key government officials, will operate under the Cabinet Affairs Office.
Additionally, the FEC received a report from an inter-ministerial panel assessing the National Social Investment Programme. The Council approved the immediate resumption of direct payments to 12 million households, benefiting 60 million Nigerians, with specific conditions.
Highlighting a historical context, in 2011, President Goodluck Jonathan established the Presidential Committee on Restructuring and Rationalisation of Federal Government Parastatals, which, in 2012, recommended reducing agencies to enhance efficiency.
Key recommendations for implementation include merging entities like the National Salaries, Income and Wages Commission with the Revenue Mobilisation and Fiscal Commission, and consolidating Infrastructure Concession and Regulatory Commission with the Bureau of Public Enterprise.
Other proposed changes involve merging various agencies such as NEMA and National Commission for Refugees, and streamlining organizations like the National Theatre with the National Troupe. Additionally, the report suggests the relocation of certain agencies to relevant ministries, such as the Niger Delta Power Holding Company to the Ministry of Power.
These recommendations align with the government’s commitment to cost-cutting measures and improving the overall governance structure.
