News
JUST IN: Tinubu to implement Oronsaye report, to scrap, merge many govt agencies
President Bola Tinubu has resolved to implement the Stephen Oronsaye report that called for a leaner government by merging some agencies and scrapping some others.
The president’s decision was announced by a presidential spokesperson, Bayo Onanuga, in a post on X.
“Twelve years after the Steve Oronsaye panel submitted its report on restructuring and rationalizing Federal government parastatals and agencies and a white paper issued two years after, President Tinubu and the Federal Executive Council today decided to implement the report,” Mr Onanuga wrote.
“Many agencies will be scrapped and many others will be merged, to pave the way to a leaner government,” he said.
Also, briefing State House correspondents after Monday’s meeting of the Federal Executive Council (FEC), the Minister of Information and National Orientation, Mohammed Idris, said some Ministries, Departments and Agencies (MDAs) would be scrapped, merged or subsumed into relevant organisations of government.
He said the aim was only to cut costs and not to throw Nigerians into the labour market.
Mr Idris said the details of the affected MDAs would be made known soon, adding that a committee had been set up for the implementation of the report.
Background…
In 2011, former President Goodluck Jonathan set up the presidential committee on the reformation of government agencies chaired by Steven Oronsaye, a former Head of Service of the Federation.
Its terms of reference included, among others, examining the enabling Acts and mandates of all the federal agencies, parastatals, and commissions to determine areas of overlap or duplication of functions.
The committee, in its report, recommended that of the 541 Statutory and Non-Statutory Federal Government Parastatals, Agencies and Commissions, 263 statutory agencies should be reduced to 161, 38 agencies should be abolished, 52 agencies should be merged, and 14 should revert to departments in ministries.
A white paper committee, headed by the then Attorney-General of the Federation and Minister of Justice, Mohammed Adoke, reviewed the report and rejected most of the recommendations of the committee when it submitted its report in 2014.
However, even the accepted recommendations were not implemented until the Jonathan administration left office in 2015.
In 2021, the administration of President Muhammadu Buhari inaugurated two committees to implement the report. One of the committees, headed by a former Head of Service, Bukar Aji, was mandated to review the Oronsaye Report and the government white paper. The other committee, chaired by Amal Pepple, was mandated to review MDAs created between 2014 and 2021.
The then Secretary to the Government of the Federation, Boss Mustapha, in July 2022, set up another white paper committee, headed by Ebele Okeke, to review the report of the Pepple committee. However, the Buhari administration failed to implement the report.
While the discourse on the implementation of the report was ongoing, the National Assembly and successive governments have been creating agencies and institutions, therefore, increasing the cost of governance in the process.
The consequence of the bloated government has been the steady increase in the recurrent expenditure of the federal government.
Critics have also accused Mr Tinubu of not willing to reform the civil service. Many refer to the appointment of 50 ministers by Mr Tinubu to buttress the point.
Aside from the appointments, Mr Tinubu also embarked on some frivolous budgetary expenses, most notably the allocation of N344 billion to the National Assembly in the 2024 budget and spending billions on the renovation of his official residence and that of his deputy.
Former Vice President Atiku Abubakar, in a statement he posted on X on Sunday, slammed President Tinubu for failing to reduce the size of government, as done by Argentine President Javier Milei.
“He (Milei) started off cutting government expenditure by reducing the size of government and wastage; blocked stealing of government funds, and attracted Foreign Direct Investment (FDI) through concessions, tax holidays, and improved ease of doing business,” Atiku said.
In a recent editorial, the Tinubu administration said it will implement the Oronsaye report as a way of cutting the cost of running the government.
Expected opposition…
Meanwhile, organised labour groups are expected to kick against the latest move by President Tinubu because the policy may lead to the loss of jobs.
Workers in Nigeria are already grappling with the cost of living crisis due to some of the policies of the current administration, notably the fuel subsidy removal and foreign exchange unification policy.
The two main unions in Nigeria, the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), are set to embark on nationwide protests against economic hardship.
News
Senate confirms Oyedele as minister
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.
His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.
Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.
His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.
Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.
News
Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)
The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.
The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.
News
JUST IN: IGP Disu Assigns Portfolios to New DIGs
DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.
Sources said that the DIGs were assigned departments based on their areas of competence.
DIG Zachariah Fera Achinyan has been deployed to Legal Services,
DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);
DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.
-
News3 days agoTinubu appoints Lamido Yuguda as CBN’s Deputy Governor
-
Business1 day agoSenate will pass 2026 budget after Sallah break, says Akpabio
-
News3 days agoSenate confirms Oyedele as minister
-
Entertainment1 day agoTiwa Savage foundation to train 100 African music talents
-
Politics1 day agoCourt bars Aiyedatiwa from re-contesting for third term
-
International21 hours agoTrump says he thinks Putin is helping Iran
-
International3 days agoIran tells world to get ready for oil at $200 a barrel as it fires on merchant ships
-
International3 days agoIEA agrees to release record 400 million barrels of oil to address Iran war supply disruptions
