In a decisive move aimed at bolstering Nigeria’s economic landscape and fostering sustainable growth, President Bola Tinubu has unveiled two pivotal economic coordination teams designed to navigate the nation towards a prosperous future.
Tinubu’s spokesman Ajuri Ngalale announced the establishment of the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET) in a press release on Wednesday.
Comprising the President (chairman), Vice-President Kashim Shettima (vice-chairman), key government officials and seasoned business leaders, the PECC is tasked with providing strategic guidance and monitoring the implementation of key economic initiatives.
The EET comprises a cadre of distinguished economists, policy experts, and industry leaders tasked with providing strategic counsel on critical economic matters. Chaired by Wale Edun, Nigeria’s finance minister, the EET is charged with analyzing economic trends, identifying emerging challenges, and formulating evidence-based recommendations to guide policymaking and enhance economic resilience.
The formation of the two committees “is the manifestation of a unified strategy aimed at enhancing Nigeria’s economic management architecture for verifiably improved performance,” Ngalale stated.
The EET is expected to submit a comprehensive plan of economic interventions for 2024 to the PECC, covering the next six months, for immediate implementation within two weeks of its inauguration.
—Ezinwanne Onwuka reports for TruthNigeria from Abuja.
