The President, Bola Ahmed Tinubu has ordered the implementation of the Oronsaye report.
The implementation will include the merging and scrapping of various agencies under some ministries.
The Minister of Information and National Orientation, Mohammed Idris, made the announcement after the weekly federal executive council meeting at the villa.
According to him:
“So in a very bold move today, this administration, under the leadership of President Bola Ahmed Tinubu, consistent again with his courage to take very far-reaching decisions in the interest of Nigeria, has taken a decision to implement the so-called Oronsaye Report.
“Now, what that means is that a number of agencies, commissions, and some departments have actually been scrapped. Some have been modified, and marked while others have been subsumed. Others, of course, have also been moved from some ministries to others where the government feels they will operate better,” said Idris.
Also, in line with this development, the President has framed a committee led by Special Adviser on Policy Coordination, Mrs Hadiza Bala-Usman to see to the mergers and relocations within a 12 week period.
The 800-page report recommended that 263 of the statutory agencies be slashed to 161;
38 agencies be scrapped; 52 be merged and 14 be reverted to departments in various ministries.
Some other recommendations included that the National Salaries and Wages Commission be repealed and its functions taken over by the Revenue Mobilisation and Fiscal Responsibility Commission.
Also it recommended the FG to merge the nation’s top three anti-corruption agencies—the Economic and Financial Crimes Commission, the Independent Corrupt Practices and other Related Offences Commission and the Code of Conduct Bureau.
according the economic analysis, the report if properly implemented could save Nigeria another 241 billion naira.