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    MarketForces Africa » MarketForces News » FEC Adopts Oronsaye Report on Civil Service Reform

    FEC Adopts Oronsaye Report on Civil Service Reform

    Julius AlagbeBy Julius AlagbeFebruary 26, 2024 News No Comments2 Mins Read
    FEC Adopts Oronsaye Report on Civil Service Reform
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    FEC Adopts Oronsaye Report on Civil Service Reform

    The Federal Executive Council has adopted the Steve Oronsaye report on the reform of the civil service to cut cost of governance.

    Minister of Information and National Orientation Mohammed Idris disclosed this at the end of the council meeting on Monday in Abuja.

    He said that some Ministries, Departments and Agencies would be scrapped, merged or subsumed into relevant organisations of government.

    Idris, however, said that the aim was only to cut costs and not throw Nigerians into the labour market.

    The minister, who said that details of the affected MDAs would be made available soon, disclosed that a committee had been set up for its implementation.

    Idris also revealed Council’s deliberation on the proposed industrial action by the Nigeria Labour Congress, urging it to shelve the plan.

    He said that the government had fulfilled more than 85 per cent of the agreements entered into with Labour in September 2023.

    The Minister said that Labour should consider the efforts of the government in addressing the challenges and not allow mischief makers to hijack the situation at this critical period.

    Similarly, the council approved the continuation of payment to vulnerable households under the National Social Investment Programme (NSIP).

    Minister of Finance Wale Edun said that appropriate measures would be put in place to verify all beneficiaries.

    He said all beneficiaries would be identified through their BVN, NIN and account numbers or electronic wallets even after the payment.

    Edun said that the reintroduction of the NSIP was in line with the administration’s desire to address the challenges faced by vulnerable Nigerians.

    He added that 12 million households would benfit immediately from the payment of N25,000 NSIP initiative. #FEC Adopts Oronsaye Report on Civil Service Reform#


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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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