Oronsaye’s Merger and Acquisition’s Proposals
On Monday, April 16, 2012, the long awaited report of the Presidential Committee on Restructuring and Rationalisation of Federal Agencies, Commissions and Parastatals headed by Mr. Stephen Oronsaye was submitted to President Goodluck Jonathan. The committee which was inaugurated on August 18, 2011 was mandated to: study and review all previous reports on similar exercise; examine the enabling Acts of all MDAs and classify them into various sectors; examine critically their mandates and make appropriate recommendations to either restructure, merge or scrap; and, advise on any other matters, which may be relevant to the desire of government to prune the cost of governance. While summarizing his 800 page report, the committee noted that: “It is a fundamental breach of acceptable practice of good public sector governance to create a new agency or institution as a response to the seeming failure or poor performance of an existing agency in order to suit political or individu...