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Nigeria losing over N862bn annually to proliferation of MDAs, says ex-NACCIMA boss, Oye

Chairman, Alliance for Economic Research and Ethics (AERE), Dele Oye, has lamented the rising cost of governance, warning that the proliferation of more than 900 Ministries, Departments and Agencies (MDAs) is costing the country over ₦862 billion while worsening the business environment and undermining economic…

July 20, 2026 Nigeria

Chairman, Alliance for Economic Research and Ethics (AERE), Dele Oye, has lamented the rising cost of governance, warning that the proliferation of more than 900 Ministries, Departments and Agencies (MDAs) is costing the country over ₦862 billion while worsening the business environment and undermining economic…

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