By Atlantic Reports

The Federal Government has announced plans to assess Ministries, Departments and Agencies (MDAs) against measurable performance targets as it seeks to reduce bureaucratic delays and overlapping regulatory demands on businesses.

The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, outlined the proposal during an engagement with agency heads and senior government officials in Abuja on Thursday.

His remarks were contained in a statement issued on Sunday by the ministry’s Head of Information and Public Relations, Efe Ovuakporie.

Oyedele said the next phase of economic reforms would address the everyday difficulties businesses encounter when dealing with government institutions, including duplicate requirements, multiple fees and unnecessary procedures.

One Lead Agency, One Process

Under the proposed “One Government” approach, agencies would coordinate their activities to reduce conflicting demands and operate within their statutory mandates.

“Where mandates overlap, the goal should be one lead agency, one process and one fee,” Oyedele said.

He called for consultations with affected stakeholders before new regulations are introduced, supported by economic impact assessments and coordination among relevant institutions.

The minister also urged agencies to give reasonable notice before major policy changes, allowing businesses time to prepare.

For enterprises navigating several regulators, the proposal is intended to reduce the time and expense involved in meeting government requirements. However, the framework remains under development.

Service Deadlines and Revenue Accountability

Oyedele said agency performance would be measured through service delivery timelines, reductions in regulatory costs and compliance with published deadlines.

He also directed agencies to remit government revenue promptly, transfer operating surpluses to the Consolidated Revenue Fund and submit audited accounts as required by law.

The minister acknowledged that the Ministry of Finance had its own bottlenecks to address, including slow approvals, delayed releases and outdated rules.

That acknowledgement places the ministry’s internal processes within the scope of the proposed improvements, alongside the performance of other agencies.

Feedback Expected Within Six Weeks

Oyedele said the ministry would review submissions from participating agencies and provide specific feedback within four to six weeks.

A draft framework would then be circulated for further consultation, with each agency expected to agree to measurable commitments subject to periodic review.

The statement did not specify when the framework would take effect, whether agency performance results would be published or what consequences would follow missed targets.

The government said the initiative was intended to strengthen accountability, improve public services and support investment, business expansion and job creation. Its practical effect will depend on whether the agreed targets translate into shorter waiting times, fewer duplicate charges and more predictable procedures.

Atlantic Reports: Voices. People. Facts.