Latest Breaking News On - Oransanye report - Page 1 : comparemela.com

BUSINESS/Perspective Nigeria is in dire economic straits and in one of its worst economic crises in its history as recently warned by the World Bank and the International Monetary Fund last December. It is so bad that in November the Budget Office stated that 428 of Nigeria’s over 600 agencies would be unable to pay November salaries. In 2015, in order to reduce waste and cost of governance, the Oransanye report recommended the scrapping and merger of many of these federal agencies. For more than 5 years, the Buhari administration continues to fund these mostly moribund, obsolete, ineffective ,duplicated, unnecessary agencies many replete with mismanagement and corruption. How can a country that houses 87 million extremely poor people, the highest in the world, be financing 14 Space agencies? This is a picture of President Buhari’s 2021 budget proposals for a few of these agencies many with personnel costs (P) ranging from 90% to 100% of their total budgetary allocations. Quite

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