Nigeria Wastes N862bn as Over 900 MDAs Fuel Cost of Governance — Oye
The Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Oye, has warned that Nigeria is losing more than ₦862 billion annually to the rising cost of governance driven by the proliferation of over 900 Ministries, Departments and Agencies (MDAs), calling for the immediate implementation of the long-delayed Oronsaye Report.
Oye also expressed concern over the ₦658 billion deducted by government revenue-generating agencies as the cost of revenue collection within the first six months of 2025, describing the development as evidence of an unsustainable public sector that is stifling economic growth.
In a statement on Sunday, the AERE chairman argued that the unchecked expansion of government agencies had created overlapping responsibilities, duplicated regulatory functions and imposed excessive compliance costs on businesses, discouraging investment and slowing economic development.