President Bola Tinubu on Monday, directed the implementation of the Steve Oronsaye panel report on restructuring and rationalizing of Federal government parastatals and agencies.

Tinubu who took the decision at the Federal Executive Council meeting, agreed that the decision will help to cut cost of governance, by scraping agencies with many others merged to pave way for a leaner government.

President Tinubu however, noted that the action would not result in the loss of jobs by civil servants and said that the initiative is in accordance to ensure the reduction in the cost of governance.

Already, an eight-man committee has been set up with a 12-week deadline to ensure that the necessary legislative amendments and administrative restructuring needed to implement the reforms are effected in an efficient manner.

The committee comprises Secretary to the Government of the Federation, Head of the Civil Service, Attorney General and Justice Minister, Budget and Planning Minister, DG Bureau of Public Service Reform, Special Adviser to the President on Policy Coordination, Special assistant to the president on National Assembly, while the Cabinet Affairs Office will serve as the secretariat.

Some of the agencies already earmarked for scrapping or merger include:

1. National Salaries, Income and wages Commission to be subsumed under Revenue Mobilisation and Fiscal Commission. The National Assembly will need to amend the constitution as RMAFC was established by the constitution.

2. Infrastructure Concession and Regulatory Commission to be merged with Bureau of Public Enterprise and be rechristened as `Public Enterprises and Infrastructural Concession Commission

3. National Human Rights Commission to swallow Public Complaints Commission

4. Pension Transitional Arrangement Directorate(PTAD) to be scrapped and functions to be taken over by Federal Ministry of Finance

5. NEMA and National Commission for Refugees to be fused to become National Emergency and Refugee Management Commission

6. Border Communities Development Agency to become a department under National Boundary Commission

7. NACA and NCDC to be merged

8. SERVICOM to become a department under the Bureau for Public Service Reform(BPSR)

9. NALDA to return to the Ministry of Agriculture and Food Security.

10. Federal Ministry of Science to supervise a new agency that combines NCAM, NASENI and PRODA

11. National Commission for Museums and Monuments and National Gallery of Arts to become one entity that will be known as National Commission for Museums, Monuments and Gallery of Arts.

12. National Theatre to be merged with National Troupe.

13. Directorate of Technical Cooperation in Africa and Directorate of Technical Aid Corp to be merged under the Ministry of Foreign Affairs

14. Nigerians in Diaspora Commission to become an agency under the Ministry of Foreign Affairs.

15. Federal Radio Corporation and Voice of Nigeria to be one entity to be known as Federal Broadcasting Corporation of Nigeria

16. National Biotechnology Development Agency(NABDA) and National Centre for Genetic Resources and Biotechnology to be emerged into an agency to be known as National Biotechnology Research and Development Agency(NBRDA).

17. National Institute for Leather Science Technology and National Institute for Chemical Technology to become one agency.

18. Nigeria Natural Medicine Development Agency and National Institute of Pharmaceutical Research and Development to become one agency.

19. The National Metallurgical Development Centre and National Metallurgical Training Institute will be merged.

20. National Institute for Trypanosomiasis to be subsumed under Institute of Veterinary Research in Vom, Jos, among several others.

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