President Bola Tinubu on Wednesday established the Presidential Economic Coordination Council comprising himself, the Vice President, Senate President and the Chairman of the Nigerian Governors Forum among 27 others.
Wednesday’s move is “in furtherance of his administration’s efforts at re-engineering the nation’s economic governance framework,” the Presidency said in a statement signed by Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale.
The statement is titled ‘President Tinubu establishes comprehensive economic coordination and planning system for Nigeria.’
The PECC also comprises members of the organised private sector who would serve for one year.
Tinubu’s new formation also includes 19 other persons to serve on the Economic Management Team Emergency Taskforce, which was approved by the Federal Executive Council on Monday.
Ngelale, who announced the economy-focused initiatives, said the setting up of the PECC and the EET is a strategic move to ensure robust and coordinated economic planning and implementation.
Members of the PECC include President Tinubu as Chairman, Vice President Kashim Shettima as Vice-Chairman; President of the Nigerian Senate; Chairman, Nigeria Governors’ Forum; Coordinating Minister for the Economy and Minister of Finance; Governor of the Central Bank of Nigeria; Ministers of Agriculture and Food Security; Aviation and Aerospace Development and Budget and Economic Planning.
Tinubu’s new formation also includes 19 other persons to serve on the Economic Management Team Emergency Taskforce, which was approved by the Federal Executive Council on Monday.
Ngelale, who announced the economy-focused initiatives, said the setting up of the PECC and the EET is a strategic move to ensure robust and coordinated economic planning and implementation.
Members of the PECC include President Tinubu as Chairman, Vice President Kashim Shettima as Vice-Chairman; President of the Nigerian Senate; Chairman, Nigeria Governors’ Forum; Coordinating Minister for the Economy and Minister of Finance; Governor of the Central Bank of Nigeria; Ministers of Agriculture and Food Security; Aviation and Aerospace Development and Budget and Economic Planning.
Others include Ministers of Communications, Innovation and Digital Economy; Industry, Trade and Investment; Labour and Employment; Marine and Blue Economy; Power; State, Petroleum Resources; State, Gas; Ministers of Transportation and Works.
The 13 members representing the organised private sector for one year include Chairman of Dangote Group, Aliko Dangote; UBA Chairman, Mr. Tony Elumelu; BUA Founder, Abdulsamad Rabiu, Ms. Amina Maina, Mr. Begun Ajayi-Kadir, Mrs. Funke Okpeke and Dr. Doyin Salami.
Other private-sector members of the PECC are Mr. Patrick Okigbo, Mr. Kola Adesina, Mr. Segun Agbaje, Mr. Chidi Ajaere, Mr. Abdulkadir Aliu and Mr. Rasheed Sarumi.
Meanwhile, President Tinubu also established the Economic Management Team Emergency Taskforce, which Ngelale said is in his determination to “address immediate economic challenges and ensure the streamlined execution of economic strategies.”
The EET will is mandated to formulate and implement a consolidated emergency economic plan in “furtherance of the President’s collaborative approach toward achieving economic resilience and growth.”
Members include the Coordinating Minister of the Economy and Minister of Finance who serves as Chairman, Minister of Budget and Economic Planning, Minister of Power, Minister of Agriculture and Food Security, Coordinating Minister of Health and Social Welfare, and Minister of Industry, Trade and Investment.
Others are the Governor of the Central Bank of Nigeria, National Security Adviser, Chairman, Nigeria Governors’ Forum, Governor of Anambra State, and Governor of Ogun State.
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