The Honourable Minister of Finance and Coordinating Minister of the Economy, [Taiwo Oyedele](https://en.wikipedia.org/wiki/Taiwo_Oyedele), disclosed at the Federal Ministry of Finance headquarters in Abuja that a fresh "One Government" framework will be introduced to assign clear, measurable performance targets to all ministries, departments and agencies (MDAs). The initiative seeks to curb bureaucratic delays, remove overlapping regulatory demands and make the public sector more responsive to investors and entrepreneurs.
**What are the core elements of the new framework?**
- Agencies will be required to operate within their statutory mandates, eliminating duplicate requirements, multiple fees and unnecessary procedures that raise the cost of doing business.
- Where responsibilities intersect, a single lead agency will manage the process, applying one set of procedures and a single fee.
- Before any new regulation is rolled out, agencies must consult relevant stakeholders, evaluate the economic impact, coordinate with other bodies and provide reasonable notice of any major policy shift.
**How will public finance be handled?**
The minister instructed all MDAs to remit any revenues owed to the government promptly and in full, transfer any operating surpluses to the [Consolidated Revenue Fund](https://en.wikipedia.org/wiki/Consolidated_Revenue_Fund_(Nigeria)), and submit audited accounts in accordance with legal requirements.
**What performance metrics will be used?**
Agency performance will be judged on tangible results such as the speed of service delivery, adherence to published timelines and the extent to which regulatory processes become less costly for businesses.
**Will the Ministry of Finance be subject to the same standards?**
Yes. The minister affirmed that the Ministry itself will be evaluated against the same criteria, acknowledging internal challenges like slow approvals, delayed fund releases and outdated rules.
**What is the timeline for implementation?**
The Ministry will review submissions from participating agencies and provide detailed feedback within four to six weeks. A draft of the framework will then be circulated for broader consultation, after which each agency is expected to commit to measurable actions that will be reviewed periodically.
The overarching goal, as outlined in the official statement, is to hold public institutions accountable for the quality and speed of their services, thereby allowing businesses to spend less time navigating government procedures and more time investing, expanding and creating jobs.