THUR, APRIL 30 2020-theG&BJournal- The Minister of Finance, Budget and National Planning Zainab Shamsuna Ahmed Wednesday told Channels TV that President Muhammadu Buhari has given approval for the implementation of the Stephen Oronsaye (CFR) Report on Rationalization and Restructuring of Federal Government Parastatals, Commissions and Agencies.
The approval comes eight years after the committee submitted its finding on April 16, 2012.
A Seven-Member Presidential Committee was inaugurated by former President Jonathan Goodluck on August 18, 2011 to review and to advice on the Restructuring and Rationalization of the Federal Government’s Agencies, Parastatals and Commissions.
The rational for restructuring and rationalization is to cut the cost of governance while ensuring accountability. In making their recommendation the Committee said that the rationalization would help the Government to reposition the Ministries to supervise the mandates of the Parastatals.
It also recognized that the Reform would have human dimensions and cost implications and recommended that Government should focus on empowering the MDAs “to do more for less”.
The Committee recommended the abolition of 38 federal agencies in all, the merger of 52, and the reversion of 14 Agencies to Departments in relevant ministries as well as the discontinuation of funding of professional bodies and councils.
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