Tinubu Constitutes a 50-member Emergency Teams to Strengthen the Nation's Economy

President Bola Tinubu also formed a 31-man Presidential Economic Coordination Council that comprise himself, the Vice President, Senate President,13 ministers, the Central Bank of Nigeria Governor, Yemi Cardoso,  and the Chairman of the Nigerian Governors Forum, Governor Abdulrahman Abdulrazaq of Kwara State, among others.



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The PECC council also includes 13 persons drawn from the organised private sector including Chairman of Dangote Group, Aliko Dangote; UBA Chairman, Mr. Tony Elumelu; BUA Founder, Abdulsamad Rabiu, among others. The members of the organised private sector would serve on the council for a one-year tenure.




The President also constituted a 19-member Economic Management Team Emergency Taskforce with mandate to meet twice weekly and submit a six-month comprehensive plan of economic interventions for 2024.




The Economic Management Team Emergency Taskforce, comprising ministers, four governors and some members of the economic management team as well as the private sector was approved by the Federal Executive Council on Monday, March 25, 2024.




The comprehensive plan, anticipated to cover the next six months, would be due for immediate implementation within two weeks of the EET's inauguration. The team is to report to the Presidential Economic Coordination Council headed by Tinubu.




The Presidency said in a statement signed by Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale on Tuesday that the move is “in furtherance of his administration’s efforts at re-engineering the nation’s economic governance framework.”




“Over the next six months, the EET will focus on the rapid implementation, monitoring, and evaluation of critical initiatives, strengthening the Tinubu-led administration’s collective approach to advancing Nigeria’s economic objectives,” the Presidency said. 


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