The federal government plans to scrap several government agencies next year, the 2013-2015 Medium Term Expenditure Framework (MTEF) sent to the National Assembly by President Goodluck Jonathan has revealed.

The document shows that government will also rationalise a large number of agencies next year in line with the recommendations of the Steve Oronsaye-led committee.

"The reduction in size of government will be achieved through stricter rationalisation of available resources including sustaining the reduction of overhead votes. The figure for overhead decreased from N536bn in 2010 to N266bn in 2012. It is expected to further decrease in 2013 to N230bn or 4.6 percent of total expenditure," the document read.

Government has also set the cost of crude at $75 per barrel as President Jonathan promised that the 2013 budget would be a continuation of his fiscal consolidation.

The government also noted that following its initiatives and in line with the trend since 2011, the share of recurrent spending in aggregate expenditure would further reduce from 71.47% in 2012 to 68.7% in 2013; while capital expenditure as a share of aggregate spending would increase from 28.53% in 2012 to 31.3% in 2013.

According to the paper, the government will streamline the management of the subsidy scheme through the strengthening of the audit and verification process, adding that these will yield results in 2013, just as the SURE-P instrument will continue to be used as an intervention window to mitigate the impact of the partial subsidy removal.

"The government has also introduced the integrated financial management information system to make the process of budget preparation and execution more efficient and transparent," the paper added.

stagger: Some ministries should be scrapped. Too many redundant workers.

Eko Atlantic: Not a bad idea. Plus it'll also be a smart move if they'll scrap one of those two chambers of the law makers.
May be instead of removing subsidy on petrol, it would have been more reasonable to reduce the amount spent in running of agencies and the senate.
Make the presidency seat, House of Rep, a no profit making post, cut the allowances by 50%, make the rich pay more tax, subsidize education, transportation and agriculture for the poor. Then we'll know they have the people they're governing in mind.

Sam Milla: Please start with road safety corps.. If you have rights over state owned agencies scrap lastma too and jail them.

Eko Atlantic: Not a bad idea. Plus it'll also be a smart move if they'll scrap one of those two chambers of the law makers.
May be instead of removing subsidy on petrol, it would have been more reasonable to reduce the amount spent in running of agencies and the senate.
Make the presidency seat, House of Rep, a no profit making post, cut the allowances by 50%, make the rich pay more tax, subsidize education, transportation and agriculture for the poor. Then we'll know they have the people they're governing in mind.

Demdem: Some minitries and ministers should
also go or merged.

Eko Atlantic: Not a bad idea. Plus it'll also be a smart move if they'll scrap one of those two chambers of the law makers.
May be instead of removing subsidy on petrol, it would have been more reasonable to reduce the amount spent in running of agencies and the senate.
Make the presidency seat, House of Rep, a no profit making post, cut the allowances by 50%, make the rich pay more tax, subsidize education, transportation and agriculture for the poor. Then we'll know they have the people they're governing in mind.

1 shortblackboy: please the following should be scrapped:

road saftey
civil defence
VIO

1 shortblackboy: please the following should be scrapped:

road saftey
civil defence
VIO

Olanlere11: The federal government plans to scrap several government agencies next year, the 2013-2015 Medium Term Expenditure Framework (MTEF) sent to the National Assembly by President Goodluck Jonathan has revealed.

The document shows that government will also rationalise a large number of agencies next year in line with the recommendations of the Steve Oronsaye-led committee.

"The reduction in size of government will be achieved through stricter rationalisation of available resources including sustaining the reduction of overhead votes. The figure for overhead decreased from N536bn in 2010 to N266bn in 2012. It is expected to further decrease in 2013 to N230bn or 4.6 percent of total expenditure," the document read.

Government has also set the cost of crude at $75 per barrel as President Jonathan promised that the 2013 budget would be a continuation of his fiscal consolidation.

The government also noted that following its initiatives and in line with the trend since 2011, the share of recurrent spending in aggregate expenditure would further reduce from 71.47% in 2012 to 68.7% in 2013; while capital expenditure as a share of aggregate spending would increase from 28.53% in 2012 to 31.3% in 2013.

According to the paper, the government will streamline the management of the subsidy scheme through the strengthening of the audit and verification process, adding that these will yield results in 2013, just as the SURE-P instrument will continue to be used as an intervention window to mitigate the impact of the partial subsidy removal.

"The government has also introduced the integrated financial management information system to make the process of budget preparation and execution more efficient and transparent," the paper added.



http://www.thenationonlineng.net/2011/news/62121-fed-govt-to-scrap-agencies-next-year.html

Sam Milla: Please start with road safety corps.. If you have rights over state owned agencies scrap lastma too and jail them.

Eko Atlantic: Not a bad idea. Plus it'll also be a smart move if they'll scrap one of those two chambers of the law makers.
May be instead of removing subsidy on petrol, it would have been more reasonable to reduce the amount spent in running of agencies and the senate.
Make the presidency seat, House of Rep, a no profit making post, cut the allowances by 50%, make the rich pay more tax, subsidize education, transportation and agriculture for the poor. Then we'll know they have the people they're governing in mind.