{"id":99222,"date":"2022-09-14T22:54:02","date_gmt":"2022-09-14T21:54:02","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=99222"},"modified":"2022-09-14T22:54:02","modified_gmt":"2022-09-14T21:54:02","slug":"over-400-mdas-risk-scrapping-senate","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/over-400-mdas-risk-scrapping-senate\/","title":{"rendered":"Over 400\u00a0MDAs\u00a0 risk scrapping \u2013 Senate\u00a0"},"content":{"rendered":"<div dir=\"auto\">The Senate raised the alarm that with the low revenue that accrues to the Federation Account of the country,\u00a0 over 400 out of 541 Federal Government owned Ministries, Departments and Agencies ( MDAs) should be\u00a0 scrapped in consonance with the recommendations of\u00a0 Stephen Orosanye led Presidential Committee on rationalization of agencies.<\/div>\n<div dir=\"auto\">\nAccording to the Senate, revenue\u00a0generation is the most critical factor being considered by the Federal Government to decide the 106 MDAs to be retained and over 400 others to be scrapped.<\/p>\n<p>Speaking on Wednesday in Abuja at the second day of the ongoing interface between the Committee and heads of MDAs on revenue drive for the implementation of proposed N19.76trillion 2023 budget, Chairman, Senate Committee on Finance Senator Olamilekan Adeola, APC, Lagos West),\u00a0 said that Orosanye panel recommended retention of 106 of the MDAs.<\/p><\/div>\n<div dir=\"auto\">\nThe imminent scrapping of low revenue generating MDAs by the Federal Government as declared\u00a0 by Senator Adeola reared its\u00a0 when the Director General of National Biosafety Management Agency ( NBMA) , Dr Rufus\u00a0 Ebegba made presentation of low revenue generation by the agency to the committee .<\/p>\n<p>In his presentation, the\u00a0 DG explained that only N2million has been generated by NBMA this year as against N5million it usually generates on yearly basis and that,\u00a0 out of the N2 .5billion\u00a0 appropriated\u00a0 for capital budget this year, only N1.3billion has been released.<\/p><\/div>\n<div dir=\"auto\">\nNot happy with\u00a0 poor revenue generation , Senator Adeola who told the Biosafety Management Agency boss,\u00a0 that it was unacceptable for an agency spending N500million a year outside capital projects to be remitting N5milllion into government coffers, declared that the time for such low revenue generation by any government agency was over,!!!\u00a0 as those not meeting up , will be scrapped as recommended by the Orosanye panel .<\/p>\n<p>Senator Adeola said, \u201cThere is no way in stopping the implementation of Orosanye panel because of economic situation at hand in the country.<\/p>\n<p>\u201cGovernment needs revenue for impactful budget implementation, particularly in the area of projects execution and can no longer afford to be dolling money to MDAs without corresponding returns on yearly basis.<\/p>\n<p>\u201cWe in the Senate , are in support of implementation of the Orosanye led panel report to save the economy from self \u2013 inflicted\u00a0 bleeding.\u201d<\/p>\n<p>The committee members further\u00a0 got annoyed when the Managing Director of Sokoto Rima River Basin Development Authority ( SRRBDA) , Engineer Buhari Bature Mohammed said that out of the N7billion collected from government as funding for year 2022, only N7million revenue has been generated.<\/p>\n<p>At the end of the day, the Committee declared that Orosanye report should be applied on agencies with yearly low revenue generation.<\/p>\n<p>The Committee through Adeola also threatened zero budget allocation in year 2023\u00a0 for any agency whose accounting officer refused to honour the ongoing interface on revenue generation.<\/p>\n<p>The Governor of the Central Bank of Nigeria , Godwin Emefiele and the\u00a0 Group Managing Director of Nigerian National Petroleum Corporation Limited,\u00a0 Mele Kyari failed to\u00a0 \u00a0appear before the committee as directed on Tuesday by the Chairman .<\/p><\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Senate raised the alarm that with the low revenue that accrues to the Federation Account of the country,\u00a0 over 400 out of 541 Federal Government owned Ministries, Departments and&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":92360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-99222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Over 400\u00a0MDAs\u00a0 risk scrapping \u2013 Senate\u00a0 - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/over-400-mdas-risk-scrapping-senate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Over 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