President Bola Tinubu has permitted the institution of the Presidential Financial Coordination Council (PECC) and the Financial Administration Workforce Emergency Taskforce (EET) to sort out the prevailing financial challenges within the nation.
Presidential spokesman Ajuri Ngelale in an announcement stated the 2 our bodies have been a strategic transfer to bolster the nation’s financial governance frameworks and guarantee strong and coordinated financial planning and implementation.
The PECC is made up of President Bola Tinubu as Chairman and Vice-President Kashim Shettima as Vice-Chairman.
Different members are, President of the Nigerian Senate, Chairman, Nigeria Governors’ Discussion board, Coordinating Minister for the Economic system and Minister of Finance, Governor of the Central Financial institution of Nigeria and different related Ministers.
The council may even have some members of the organized personal sector, becoming a member of for a interval not exceeding one (1) 12 months, topic to the President’s directive
They’re, Alhaji Aliko Dangote, Mr. Tony Elumelu, Alhaji Abdulsamad Rabiu, Ms. Amina Maina, Mr. Begun Ajayi-Kadir amongst others.
The Financial Administration Workforce Emergency Taskforce (EET) which is remitted to formulate and implement a consolidated emergency financial plan is anticipated to be led by the Coordinating Minister for the Economic system and Minister of Finance.
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Others members consists of, Governor of the Central Financial institution, Nationwide Safety Adviser, Chairman, Nigeria Governors’ Discussion board, Governor of Anambra State, Governor of Ogun State, Governor of Niger State, Government Chairman, Federal Inland Income Service, Director-Common, Funds Workplace of the Federation, GCEO, NNPC Restricted, Director-Common, Nigeria Financial Summit Group and Particular Adviser to the President on Power.
Economists, Dr. Bismarck Rewane, and Dr. Suleyman Ndanusa, are members.
The EET is remitted to submit a complete plan of financial interventions for 2024 to the PECC, masking the following six (6) months, for fast implementation inside two weeks of its inauguration.
The assertion additionally stated the Financial Administration Workforce, established in October 2023, and chaired by the Coordinating Minister for the Economic system and Minister of Finance will function the working group below the Presidential Financial Coordination Council (PECC), taking part in an important position within the financial governance construction established by the President.
Ngelale additionally stated the Chairman of the EMT might, as wanted, name on any Federal Minister or Head of Company to temporary the EMT on key programmes and developments affecting the financial system.
“The President’s formation of the PECC, below his Chairmanship, alongside the creation of the EET, led by the Chairman of the EMT, and the EMT itself, is the manifestation of a unified technique geared toward enhancing Nigeria’s financial administration structure for verifiably improved efficiency.
“The formation of those groups will complement current financial governance buildings, together with the Nationwide Financial Council (NEC), which is chaired by the Vice-President.”
Based on him, over the following six months, the EET will concentrate on the speedy implementation, monitoring, and analysis of essential initiatives, strengthening the Tinubu-led administration’s collective method to advancing Nigeria’s financial goals.”