Saturday, 05 October 2024

Nigeria: Massive Shakeup Awaits MDAs - 38 Parastatals to be Scrapped

In a bid to cut costs and free up revenue for the Nigerian government, the incoming Buhari-led administration is expected to make some changes concerning ministries, departments and agencies in the country, an APC economic committee member reportedly told ITEdge News.    

The Committee was led by a former head of service of the federation, Mr. Stephen Oronsaye. Its report is generally referred to as the Oronsaye Report.

“I assure you with all sense of responsibility that the new government will adopt a systematic adoption of this report to ensure full rationalization of the MDAs [ministries, departments and agencies] so as to drive better efficiencies at a lower cost to government and the Nigerian people.”

The Oronsaye Report had recommended the abolition of 38 government agencies, merger of 52 and reversion of 14 agencies to departments in the relevant ministries. The report claims government will be saving some N400 billion annually if fully implemented.
 

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