Alliance for Econonmic Research and Ethics LTDGTE
Nigeria losing over N862bn annually to proliferation of MDAs, says ex-NACCIMA boss, Oye
Urges immediate implementation of Oronsaye Report
•Laments deduction of N658bn by govt agencies as 6-month revenue collection cost
By Merit Ibe
Chairman, Alliance for Economic Research and Ethics (AERE), Dele Oye, has lamented the rising cost of governance, warning that the proliferation of more than 900 Ministries, Departments and Agencies (MDAs) is costing the country over ₦862 billion while worsening the business environment and undermining economic growth.
Oye, in a statement, called on the Federal Government to urgently implement the Oronsaye Report, describing it as the most practical roadmap for reducing the cost of governance and eliminating overlapping government agencies.