Posted 2/27/2024, 1:23:17 AM
Nigeria Merging 29 Agencies and 8 Parastatals to Cut Costs, Free Up Development Funds
- 29 government agencies will be merged and 8 parastatals subsumed into 8 other agencies based on recommendations from the 2012 Oronsaye report
- The goal is to reduce cost of governance and free up funds for development projects, but no major job losses expected
- Key mergers include NAFDAC into Nigeria CDC, NEMA into refugee commission, and Infrastructure Concession Commission into Bureau of Public Enterprises
- Several agencies like SERVICOM and Border Communities Development Agency will become departments under larger entities
- Committee formed to oversee restructuring and legislative changes needed in the next 12 weeks