The Nigeria Employers’ Consultative Association (NECA) has lauded President Muhammadu Buhari for approving the implementation of the long-overdue Oronsanye Report.
The Steve Oronsanye Report recommended the abolishment and merging of 102 government agencies and parastatals.
The Director-General, Mr Timothy Olawale, who gave the commendation in a statement on Saturday in Lagos, said the report was submitted to President Goodluck Jonathan on April 16, 2012.
Olawale said the implementation of the report was fundamental to the institutionalisation of operational efficiency and reduction of government expenditure in the long term.
“It is worrisome that with over two hundred and fifty Institutions, Parastatals and Agencies of Government, the average cost of governance in Nigeria remains among the highest globally, ” he said.
The director-general called on the government to ensure that all efforts must be made to see to a logical conclusion of the implementation of the Oronsanye report.
Olawale said that for the cost of governance to be reduced and ensure fiscal discipline, the government must go beyond the implementation of the Oronsanye report.
He said that there was also a need to deliberately reduce other leakages arising from the over-bloated retinue of aids of political officers and expenditure profile with no direct national development impact.
“Also, the government should fast-track the deregulation of the downstream oil sector and rechart the course for the rapid diversification of the economy.
“Herein lays our path to national economic and social renaissance, ” he said.