Tinubu Inaugurates High-Powered Team To Reboot Nigeria’s Economy

President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) at the Presidential Villa, Abuja.

The council, comprising key government officials and key figures from the private sector, is tasked with injecting over N2tn into the Nigerian economy to stimulate growth and development.

Chaired by President Tinubu, the council will be complemented by the Economic Management Team Emergency Taskforce (EET).

The EET, led by the Coordinating Minister for the Economy and Minister of Finance, had been mandated to develop a comprehensive economic rescue plan for the country.

During the inauguration on Thursday, Tinubu issued directives for specific fund allocations, including N250bn for Health and Social Welfare and N500bn for Energy and Power, among other sectors.

The measures are aimed at providing immediate economic relief and laying the groundwork for sustainable growth of the country.

Notable members of the PECC from the private sector include Aliko Dangote, Chairman of Dangote Group, and Tony Elumelu, Chairman of Heirs Holdings.

The council also includes key government officials such as Wale Edun, Minister of Finance and Coordinating Minister for the Economy, and Senator Atiku Bagudu, Minister of Budget and National Planning.

Addressing the press after the inauguration, Edun said “The president has just inaugurated the Presidential Economic Coordination Council and that is a body that is made up of the president’s Economic Management Team, the legislature, represented by the leaders of the National Assembly; the Senate President and the Speaker of the House of Representatives, as well as very importantly, the sub-nationals, represented by the chairman of the Nigerian Governors Forum, and of course, the elite of the private sector.”

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