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Oronsaye report: FG allays fear of job losses in rationalized agencies, parastatals

The Minister, who said Nigerians are beginning to see the benefits of the reforms being spearheaded by the president in various sectors, stressed that reports from the National Bureau of Statistics (NBS) indicate that Nigeria witnessed a GDP growth of 3.46% in the fourth quarter of 2023 as against 2.54% recorded in the third quarter of 2023.

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The Minister of Information and National Orientation, Mohammed Idris, has dismissed the fear of possible job losses following the implementation of the Steve Oronsaye Report, which seeks to rationalise federal government agencies and parastatals.

Idris made the remarks in Abuja on Wednesday at the fourth edition of the Ministerial Press Briefing Series.

“The whole idea is that the government wants to reduce costs and also improve efficiency in service delivery. It does not mean that the government is out to retrench workers or throw people into the labour market,” he said.

Idris said the implementation of the report, which has been on the shelf for about 11 years, is a clear demonstration of President Tinubu’s unwavering commitment to fiscal prudence and responsible governance by championing a comprehensive review of the government‘s commissions, agencies, and parastatals.

He said the approval for the implementation of the Orosanye Report, which followed a very careful review, is to ensure that essential services are not compromised and that the needs of our citizens are adequately addressed while putting the interests of the nation first and foremost.

“Through the implementation of Oronsaye’s Report, President Tinubu aims to achieve significant cost savings by eliminating duplication of functions, streamlining administrative processes, and optimising resource allocation.

“This proactive approach will enable the government to operate more efficiently while maintaining the quality and delivery of services to the Nigerian people,” said Idris in a statement by his media aide, Rabiu Ibrahim, emailed to Persecondnews on Wednesday.

The Minister, who said Nigerians are beginning to see the benefits of the reforms being spearheaded by the president in various sectors, stressed that reports from the National Bureau of Statistics (NBS) indicate that Nigeria witnessed a GDP growth of 3.46% in the fourth quarter of 2023 as against 2.54% recorded in the third quarter of 2023.

He added that the NBS report also states that capital importation rose to 66% in the fourth quarter of 2023, reversing a 36% decline in the third quarter.

Since the removal of the fuel subsidy, the importation of gasoline has decreased by 50%, and the Nigerian Stock Exchange All Share Index has reached its highest level ever.

He said the achievements being recorded in the economy were not merely a stroke of luck but mainly due to the pragmatic reforms initiated by the President, which inspired investor confidence in the Nigerian economy.

The Minister said the President has also given a directive for the design of a Social Security Unemployment Programme to cater for the unemployed graduates as well as the setting up of a Social Consumer Credit Scheme to boost the purchasing power of Nigerians as they make adjustments in view of the temporary economic hardship.

He said after the review of the National Social Investment Programme, the President has given approval for the resumption of the direct payments of N25,000 to 15 million households.

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