Idris made the remarks in Abuja at the fourth edition of the Ministerial Press Briefing Series.
“The whole idea is that government wants to reduce cost and also improve efficiency in service delivery. It does not mean that government is out to retrench workers or throw people into the labour market,” he said.
The Minister 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 optimizing 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,” he said.
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. Petrol importation has been reduced by 50% since the withdrawal of the fuel subsidy, while the Nigerian Stock Exchange All Share Index crossed the 100,000 mark – its highest 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.
He said the President also gave a directive for the design of a Social Security Unemployment Programme to cater for 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 added that after the review of the National Social Investment Programme, the President gave approval for the resumption of the direct payments of N25,000 to 15 million households.
