i. Corporate Governance Reforms shall further include performance contracts for Chief Executive Officer (CEOs) and other key Management Staff, which will set Financial Indicators and Targets for each GOE;
iii. Budget performance of GOEs shall be reviewed & published quarterly by the Budget Office
i. Financial Circulars on limit of allowable expenses, frequency of Board meetings, overseas travels and other potentially wasteful practices shall be strictly enforced; and
i. It shall be mandatory for all GOEs to use the Treasury Single Account (TSA) for all financial transactions;
GOEs shall no longer send their budgets directly to the National Assembly;
vii. Agencies with capacities to be self-funding shall be categorized and removed from the National Budget
i. Institutionalized oversight mechanism through an Inter-ministerial Team, similar in operation to the Federation Accounts and Allocations Committee, will be established [...]
iii. Establishment of Revenue Department in GOEs to be manned by Professional Treasury Officers from the Office of the Accountant-General of the Federation.
In the medium-term, legislative action will be required to amend relevant sections of the acts establishing some of the GOEs to reflect current economic realities and policy thrust of government.