The Senate plans to merger over seven hundred federal agencies in the country believed to be draining the nation’s scarce resources.
The Red Chamber argued that most of the agencies and parastatals were unproductive, but only depended on budget allocations from federal government to survive.
The Senate also referred the 2020-2022 Medium Term Expenditure Framework, MTEF and Fiscal Strategy Paper, FSP to the committees on Finance and National Planning. It mandated the committees to submit their report October 2nd at the plenary.
It also threatened that it would either merge or eliminate these identified agencies, as some of the agencies are not adding value to the nation’s economy.
The Senate President Ahmad Lawan while summing up the debate said, they must face reality of making the economy work for the people.
