PRESIDENT TINUBU INITIATES FRESH ECONOMIC COMMITTEES

President Tinubu takes a strategic leap towards fortifying the nation’s economic governance framework by instituting the Presidential Economic Coordination Council (PECC) and assembling the Economic Management Team Emergency Taskforce (EET).
As per a communiqué by Ajuri Ngelale, Special Adviser on Media and Publicity to the President, the PECC will be presided over by the President, with Vice-President Kashim Shettima assuming the role of Vice-Chairman.
The PECC encompasses notable figures such as the President of the Nigerian Senate, the Chairman of the Nigeria Governors’ Forum, the Coordinating Minister for the Economy and Minister of Finance, and the Governor of the Central Bank of Nigeria, alongside 12 ministers.
Remarkably, distinguished members of the organized private sector, including Alhaji Aliko Dangote, Mr. Tony Elumelu, and Alhaji AbdulSamad Rabiu, among others, will grace the council for a stipulated one-year period upon the President’s directive.
The establishment of the PECC is geared towards ensuring robust and synchronized economic strategizing and execution at the highest echelons of governance, harnessing the expertise of both the public and private sectors.
Concurrently, the Economic Management Team Emergency Taskforce (EET) supersedes the existing Economic Management Team temporarily and is charged with formulating an extensive blueprint of economic interventions for 2024.
This maneuver underscores President Tinubu’s dedication to proactive economic governance and his acknowledgment of the imperative for prompt and decisive measures to tackle pressing economic hurdles confronting the nation.
By capitalizing on the proficiency of both governmental functionaries and private sector luminaries, the PECC and EET aim to foster synergy and cooperation in propelling economic advancement, employment generation, and sustainable progress.
These endeavors are poised to complement extant economic governance frameworks, including the National Economic Council (NEC) chaired by the Vice-President, thereby augmenting the government’s capacity to steer the nation’s economy towards prosperity.