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.
This, according to the Special Adviser to the President on Policy Coordination, Hadiza Bala Usman, is in line with the need to reduce the 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.
On 16 April 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.
(Channels Tv)
