The Federal Executive Council (FEC) has approved the full implementation of the Stephen Oronsaye Panel report to merge some parastatals, agencies, and some commissions, while others will be subsumed, scrapped, or relocated.

The decision was made at the FEC meeting chaired by President BOLA TINUBU.

According to the Special Adviser to the President on Policy Coordination, HADIZA BALA USMAN, this is in line with the need to reduce the cost of governance and streamline efficiency across the governance value chain.

To ensure the implementation of the proposed changes, the FEC set up a committee with the mandate to implement the mergers, scrapings, and relocations within 12 weeks.

The Stephen Oronsaye Panel report said there were 541 parastatals, commissions and agencies and recommended that 263 of the agencies should be reduced to 161, 38 agencies abolished and 52 merged.