President Bola Tinubu has approved the dissolution of the Governing Boards of all federal government parastatals, agencies, institutions and government-owned companies.

This was contained in a statement by the Director of Information in the Office of the Secretary to the Government of the Federation (OSGF), Willie Bassey, on Monday evening

The statement also disclosed that the running of the affected federal government concerns would be managed through Permanent Secretaries, who will in turn refer all matters to the Secretary to the Government of the Federation (SGF).

As the dissolution does not affect Boards, Commissions and Councils listed in the Third Schedule, Part 1, Section 153 (i) of the 1999 Constitution of the Federal Republic of Nigeria as amended, Nigeria Judicial Council, Code of Conduct Bureau; Council of State; Federal Character Commission; Federal Civil Service Commission; Independent National Electoral Commission; National Population Commission; Police Service Commission; and Revenue Mobilization Allocation and Fiscal Commission are part of the agencies excluded from the directive.