BREAKING! Buhari Begins Move To Restructure Nigeria
President Buhari has started the journey on the most talked about and most desired political process in the recent history of Nigeria – Restructuring.
Restructuring Nigeria basically involves unbundling the powers of the Federal Government and empowering the Federating units of States and Local Governments to be able to tap from their resources to earn their money and control their security while contributing a portion of their proceeds to the Federal Government.
In 2011, the administration of President Goodluck Jonathan organized a National Conference where elder statesmen from all parts of the country converged in Abuja to discuss and agree on a new template of governing the country based on restructuring. The report was concluded and submitted in 2012. It was known as the Oronsaye report. Ironically, the administration of Goodluck Jonathan who organized the conference failed to adopt its recommendations and restructure the country.
Following the global economic effect of the Covid-19 pandemic and the significant fall in global oil prices, the Nigerian Government realized it can no longer run on the present structure as the country is seriously cash trapped, the President set up an Economic recovery committee headed by the Vice President, Professor Yemi Osibanjo saddled with the responsibility of working Nigeria out of the looming global recession.
As one of the measures to curtail excessive Government spending, the President approved the implementation of the Oronsaye report that will lead to a cut down in the number of agencies and MDAs run by the Government and a merger of several duplicate agencies.
More details to come…