• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Politics

Jobs at risk as Buhari kick-starts process of reducing government agencies and parastatals

Chike Olisah by Chike Olisah
June 13, 2020
in Politics, Spotlight
Military located bandits in kankara, Q1 2020 National Debt report, Buhari finally speaks on NDDC probe, urges NA to act with a sense of urgency,National Human Rights Commission,Presidency bows to pressure, agrees to demand made by EndSARS protesters, Our economy is too fragile to bear another round of lockdown-Buhari, Zarbarmari: Massacre by Boko Haram is nothing short of senseless, barbaric, gruesome and cowardly- Buhari

President Muhammadu Buhari

Share on FacebookShare on TwitterShare on Linkedin

The Federal Government has begun the process of reducing the number of parastatals and government agencies in Nigeria, in order to cut the cost of governance.

This has been initiated by President Muhammadu Buhari, who ordered the review of the Federal Government White Paper on Rationalization of Government Parastatals and Agencies to reduce the cost of governance in the country.

It was disclosed by the President during his national broadcast to mark this year’s Democracy Day, on Friday in Abuja. He said that the review had become imperative, in view of the country’s dwindling resources and rising cost of governance.

RelatedStories

FG hits 42% completion on Abuja-Keffi Road expansion, sets June 2026 deadline 

FG hits 42% completion on Abuja-Keffi Road expansion, sets June 2026 deadline 

May 11, 2025
FG promises to pay backlog of delayed N77,000 NYSC allowance

FG promises to pay backlog of delayed N77,000 NYSC allowance

March 25, 2025

READ MORE: FAAC disburses N780.93 billion in April, allocation increases by 34%

The President said, “In the face of dwindling resources and rising cost of governance, I have authorized that the white paper on the rationalization of government parastatals and agencies be reviewed for implementation.”

He however, promised to continue to give all necessary support for ongoing reforms, designed to restore discipline, integrity, and patriotism in the public service as it remains the bedrock for the formulation and implementation of policies, programmes and projects in the country.

The president observed that his administration had continued to implement accountable and transparent policies through the Open Government Partnership and the transparency portal on financial transactions.

He added that the government had also strengthened auditing and accountability mechanisms so as to ensure that rules and regulations were followed strictly.

READ MORE: Nigeria’s economy can’t survive without diaspora inputs, says PwC Chief Economist

It can be recalled that the Presidential Committee on the Reform of Government Agencies, which was set up by the former President Goodluck Jonathan and chaired by the former Head of Service, Steve Oronsaye, recommended the reduction of parastatals and statutory agencies of government from 263 to 161.

The report had disclosed that the average cost of governance in Nigeria is believed to rank among the highest in the world. It was also reported that the Federal Government wanted to conclude the process of implementation of the report by October 2020.

Download the Nairametrics App

President Buhari has been under pressure since he assumed office in 2015 to implement the report. This is in line with his electoral promise to run a lean government and eliminate wastage in governance.

However, for this to be effectively implemented, the legislature will have to amend or repeal some of the laws establishing some of these parastatals or government agencies that might be affected in this exercise.


Follow us for Breaking News and Market Intelligence.
Tags: BuhariFederal GovernmentGoodluck JonathanNigeria News
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Related Posts

FG hits 42% completion on Abuja-Keffi Road expansion, sets June 2026 deadline 
Real Estate and Construction

FG hits 42% completion on Abuja-Keffi Road expansion, sets June 2026 deadline 

May 11, 2025
FG promises to pay backlog of delayed N77,000 NYSC allowance
Education

FG promises to pay backlog of delayed N77,000 NYSC allowance

March 25, 2025
FG, Ogun strengthen business growth, Launch $12 million agrochemical plant 
Agriculture

FG, Ogun strengthen business growth, Launch $12 million agrochemical plant 

January 30, 2025
TCN
Budget

FG allocates N15 billion for electricity bills debt of MDAs  

January 3, 2025
Federal Government unveils plan to create 4.4 million jobs, boost local manufacturing 
Sectors

FG unveils free AI Academy for Nigerian youths, civil servants 

December 20, 2024
FG cancels foreign training for Nigerian scholars – Minister
Agriculture

FG allocates N47 billion to boost agricultural and medical education in Nigeria 

December 17, 2024
Next Post
FAAN reacts to release of guideline for resumption of flight operations post covid-19, FAAN releases new guidelines for post covid-19 flight operations

FAAN compares notes with Munich Airport ahead of flight resumption

Comments 1

  1. Moses ameh says:
    June 13, 2020 at 11:13 am

    I will like apply for a loan of 2 millions naira to run for a restaurant business ,I have the field for the 20 years experience

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Cybercrime Charge: Court refuses AGF’s request to arrest Senator Natasha Akpoti  
  • GTCO: We don’t have any forbearance loans 
  • Top 10 most expensive states to live in Nigeria in May 2025 

Follow us on social media:

Recent News

Cybercrime Charge: Court refuses AGF’s request to arrest Senator Natasha Akpoti  

Cybercrime Charge: Court refuses AGF’s request to arrest Senator Natasha Akpoti  

June 16, 2025
GTCO to write off Aiteo loan and switch to aggressive recovery plan

GTCO: We don’t have any forbearance loans 

June 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics