President Muhammadu Buhari has approved the scrapping and merging of the 102 government parastatals in a bid to cut cost of governance.
This directive comes after he approved the adoption of the Steve Oransaye Committee report which was constituted during the Goodluck Jonathan administration.
This was disclosed by the Minister of Finance, Budget and National Planning, Zainab Ahmed on Channels TV.
“The president has approved that this administration should implement the Oransanye report. It has reviewed the whole of the size of government and has made very significant recommendations in terms of reducing the number of agencies and that would mean merging some agencies.
This is a report that has been in place for a long time and there hasn’t been implementation but the president has approved that this should be implemented and we have conveyed Mr President’s approval to the arms of government that are responsible for this and that will be the office of the secretary of government and the head of civil service of the federation.” she said.