President Bola Tinubu has inaugurated the Presidential Economic Coordination Council (PECC) to bolster Nigeria's economy. The council, composed of leaders from various sectors, aims to implement an accelerated stabilization and advancement plan over the next six months, injecting N2 trillion into critical areas.
After the inauguration, President Tinubu outlined the plan, which allocates N350 billion for Health and Social Welfare, N500 billion for Agriculture and Food Security, N500 billion for the Energy and Power sectors, and N650 billion for general business support. This emergency funding is expected to enhance stability and foster economic growth.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, detailed the plan's execution. The PECC includes members from the President’s Economic Management Team, the National Assembly, the Nigerian Governors Forum, and key private sector figures such as Alhaji Aliko Dangote and Mr. Tony Elumelu.
Additionally, the plan features a range of policy measures and executive orders designed to ease the cost of doing business. These steps, combined with substantial financial injections, signify a robust effort to stabilize and advance Nigeria's economy under President Tinubu’s leadership.
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