Categories: BUSINESSEconomy

FG To Cut Agencies To Reduce Governance Cost – Finance Minister

The President, Muhammadu Buhari, has approved the implementation of the Steve Oransaye Committee report on the rationalisation of government agencies.

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this while appearing on a Channels TV programme, Politics Today.

The Presidential Committee on the Rationalisation and Restructuring of Federal Government Parastatals, Commissions, now commonly referred to as the Oronsaye Committee, was set up by the Goodluck Jonathan administration.

Sponsored

Read Also: Foreign Reserves Shed $5.09bn In Four Months

The committee, inaugurated in August 2011, submitted its report the following year, recommending the merger, conversion and scrapping of many agencies.

While describing the cost of governance in Nigeria as one of the highest in the world, the committee had recommended a reduction in the number of statutory agencies from 263 to 161.

SPONSORED
Alex Enemanna

A print journalist with vast knowledge of political developments in Nigeria. Passionate about equity and fairness through robust developmental journalism.

Recent Posts

Gov. Otti Speaks At Cambridge University Conference In UK

The University of Cambridge, Judge Business School, United Kingdom, will be hosting the Abia State…

2 hours ago

From June, There Won’t Be Any Need To Import A Litre Of Fuel Into Nigeria — Dangote

The Chairman of the Dangote Group, Aliko Dangote, has said that with the plan the…

3 hours ago

Peter Obi Pays Condolence Visit To Family Of Late Nollywood Actor, Junior Pope (Photos)

The 2023 presidential candidate of the Labour Party, Peter Obi, has paid a condolence visit…

3 hours ago

2027: PDP Members To Decide My Fate — Atiku

Former Vice President Atiku Abubakar has said members of his party, the Peoples Democratic Party…

8 hours ago

Wike Confers Honorary Abuja Citizenship On Visiting Senegalese President

FCT Minister, Nyesom Wike, has conferred the honorary citizenship of Abuja on the President of…

9 hours ago

Tears, As Junior Pope Laid To Rest in Emotional Ceremony (Photos, Video)

The sleepy town of Uwala Abaka, Ukehe, in Nsukka, Igboetiti Local Government Area of Enugu…

24 hours ago