Dele Oye: Nigeria’s Over 900 MDAs Costing Economy N862bn, Hurting Investment

Ex-NACCIMA president seeks implementation of Oronsaye report

Faults N658bn retained by revenue agencies as cost of collection

Emmanuel Addeh in Abuja and

Former National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Mr. Dele Oye, has called on the federal government to immediately implement the Oronsaye Report, warning that the proliferation of more than 900 Ministries, Departments and Agencies (MDAs) is imposing over N862 billion costs on the economy.

Oye, who is Chairman of the Alliance for Economic Research and Ethics (AERE), said the continued expansion of government agencies, despite repeated calls for rationalisation, had created overlapping mandates, duplicated regulatory functions and increased compliance costs for businesses.