Federal Government to scrap 220 parastatals

Indications have emerged that about 220 federal government’s parastatals, agencies and commissions may be scrapped in the ongoing restructuring and rationalisation exercise of the government. Briefing journalists at the end of Federal Executive Council (FEC) meeting Wednesday, the Special Adviser on Media and Publicity, Dr. Reuben Abati, said the White Paper Drafting Committee had accepted 321 out of the 541 federal parastatals, commissions and agencies recommended by the Presidential Committee on the Rationalisation and Restructuring led by the former Head of the Civil Service of the Federation, Steven Oronsaye. But he noted that the final decision on the recommendations of the two committees would soon be taken by the Federal Executive Council (FEC). He also noted that the ongoing exercise is not meant to persecute but to boost efficiency, reduce cost of governance towards delivering quality service to Nigerians. If the measures recommended by the committee are put in place, the government will reportedly save about N862 billion before the close of the administration’s tenure in 2015.

– http://www.thisdaylive.com/articles/oronsaye-report-fg-to-scrap-220-parastatals/150268/

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