Tinubu enlists Dangote, Elumelu, Rabiu, others in Economic Coordination Council
Ngelale said that Tinubu also established the EET with a mandate to formulate and implement a consolidated emergency economic plan.
President Bola Tinubu [Presidency]
Recommended articles
![Alhaji Ganiyu Egunjobi the Executive Chairman, Agege LG, addressing the security personnel during the public enlightenment on Friday. [NAN]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Alhaji Ganiyu Egunjobi the Executive Chairman, Agege LG, addressing the security personnel during the public enlightenment on Friday. [NAN]")
This is part of the administration’s move to boost the nation’s economic, and governance frameworks and ensure robust and coordinated economic planning and implementation.
This is contained in a statement by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, on Wednesday in Abuja.
Ngelale said that the Presidential Economic Coordination Council (PECC) comprises distinguished leaders and key government officials, including:
ADVERTISEMENT
(1) President of the Federal Republic of Nigeria – Chairman of the PECC
(2) Vice-President of the Federal Republic of Nigeria – Vice-Chairman of the PECC / NEC Chairman
(3) President of the Nigerian Senate
(4) Chairman, Nigeria Governors’ Forum
(5) Coordinating Minister for the Economy and Minister of Finance
ADVERTISEMENT
(6) Governor of the Central Bank of Nigeria
(7) Minister of Agriculture and Food Security
(8) Minister of Aviation and Aerospace Development
(9) Minister of Budget and Economic Planning
(10) Minister of Communications, Innovation and Digital Economy
ADVERTISEMENT
(11) Minister of Industry, Trade and Investment
(12) Minister of Labour and Employment
(13) Minister of Marine and Blue Economy
(14) Minister of Power
(15) Minister of State, Petroleum Resources
ADVERTISEMENT
(16) Minister of State, Gas
(17) Minister of Transportation
(18) Minister of Works
The presidential spokesman said that PECC would also comprise key members of the organised private sector, with the following members joining for a period not exceeding one year, subject to the President’s directive.
The members are:
ADVERTISEMENT
(1) Alhaji Aliko Dangote
(2) Mr Tony Elumelu
(3) Alhaji Abdulsamad Rabiu
(4) Ms. Amina Maina
(5) Mr Begun Ajayi-Kadir
ADVERTISEMENT
(6) Mrs Funke Okpeke
(7) Dr Doyin Salami
(8) Mr Patrick Okigbo
(9) Mr Kola Adesina
(10) Mr Segun Agbaje
ADVERTISEMENT
(11) Mr Chidi Ajaere
(12) Mr Abdulkadir Aliu
(13) Mr Rasheed Sarumi
Ngelale said that Tinubu also established the Economic Management Team Emergency Taskforce (EET) with a mandate to formulate and implement a consolidated emergency economic plan.
He said this was part of the President’s determination to address immediate economic challenges and ensure the streamlined execution of economic strategies.
ADVERTISEMENT
He said that the task force comprised key government officials and industry leaders in furtherance of the President’s collaborative approach toward achieving economic resilience and growth.
The EET is now mandated 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.
The EET will meet twice weekly and is composed of the following members:
(1) Coordinating Minister for the Economy and Minister of Finance (Chairman of the EET)
(2) Minister of Budget and Economic Planning
ADVERTISEMENT
(3) Minister of Power
(4) Minister of Agriculture and Food Security
(5) Coordinating Minister of Health and Social Welfare
(6) Minister of Industry, Trade and Investment
(7) Governor of the Central Bank of Nigeria
ADVERTISEMENT
(8) National Security Adviser
(9) Chairman, Nigeria Governors’ Forum
(10) Governor of Anambra State
(11) Governor of Ogun State
(12) Governor of Niger State
ADVERTISEMENT
(13) Executive Chairman, Federal Inland Revenue Service
(14) Director-General, Budget Office of the Federation
(15) GCEO, NNPC Limited
(16) Director-General, Nigeria Economic Summit Group
(17) Special Adviser to the President on Energy
ADVERTISEMENT
(18) Dr Bismarck Rewane, Economist
(19) Dr Suleyman Ndanusa, Economist
Ngelale said that the Economic Management Team was established in October 2023 and chaired by the Coordinating Minister for the Economy and Minister of Finance.
He said it serves as the working group under the Presidential Economic Coordination Council (PECC), playing a crucial role in the economic governance structure established by the President.
The EMT meets monthly or as required, but will now suspend its meetings for the duration of the EET’s mandate of six months.
ADVERTISEMENT
The EMT is composed of the following officials:
(1) Coordinating Minister for the Economy and Minister of Finance (EMT Chairman)
(2) Governor of the Central Bank of Nigeria
(3) Minister of Budget and Economic Planning
(4) Minister of Industry, Trade and Investment
ADVERTISEMENT
(5) Minister of Communications, Innovation and Digital Economy
(6) Minister of Works
(7) Minister of Labour and Employment
(8) Minister of Agriculture and Food Security
(9) Minister of State, Petroleum Resources
ADVERTISEMENT
(10) Minister of State, Gas
(11) Minister of Power
(12) Minister of Transportation
(13) Minister of Aviation and Aerospace Development
(14) Minister of Marine and Blue Economy
ADVERTISEMENT
The Chairman of the EMT may, as needed, call on any Federal Minister or Head of Agency to brief the EMT on key programmes and developments affecting the economy.
The President’s formation of the PECC, under 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 strategy.
The unified strategy is aimed at enhancing Nigeria’s economic management architecture for verifiably improved performance.
The formation of these teams will complement existing economic governance structures, including the National Economic Council (NEC), which is chaired by the Vice-President.
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.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Agege LG gives traders, scavengers, 5 days to vacate rail lines
Prophet El-Buba wants Tinubu to give EFCC more backing in fight against corruption
Kwara govt rescue 40 poisoned cows from death, 33 others dead
BDC operators' president warns against naira speculation, vows unified market
Olorunfemi emerges Ondo LP guber candidate as other aspirants fail to buy ₦25m form
Gov Alia vows to demolish property housing kidnappers, Yahoo boys in Benue
Tinubu appoints former Rivers lawmaker, ex-Naval officer as heads of NESREA, NDRBDA
Court accuses EFCC boss of contempt over handling of Yahaya Bello's case
Fubara donates ₦350m as Navy moves training headquarters from Lagos to Rivers
ADVERTISEMENT
![FCE, Zaria sets committee to investigate 12 students suspected to be cultists [myschoolgist]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "FCE, Zaria sets committee to investigate 12 students suspected to be cultists [myschoolgist]")