In a strategic move to enhance Nigeria’s economic governance, President Bola Tinubu has formed the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET). These bodies, comprising both public and private sector experts, aim to strengthen economic planning and implementation.
The PECC, chaired by President Tinubu, includes key government officials such as the Vice-President, Senate President, and Governors’ Forum Chairman, along with ministers and representatives from various sectors. Notably, business leaders like Aliko Dangote and Tony Elumelu will also serve on the council for a year, contributing valuable insights.
To address immediate economic challenges, Tinubu has tasked the EET, chaired by Finance Minister Wale Edun, with formulating and executing an emergency economic plan for 2024. This plan, to be submitted to the PECC for approval, focuses on interventions for the next six months, ensuring swift implementation.
The EET comprises government officials and industry leaders, meeting twice weekly to devise and execute strategies for economic resilience and growth. With a collaborative approach, Tinubu’s administration aims to navigate economic complexities and drive sustainable development.
By fostering cooperation between public and private sectors, Tinubu’s economic initiatives seek to propel Nigeria towards prosperity while addressing pressing challenges head-on.
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