As part of efforts to strengthen the country’s national economy and governance frameworks, the administration recently established the Presidential Economic Coordination Council (PECC). This council, chaired by the President of the Republic, brings together eminent leaders and key senior government officials, as well as important members of the private sector.
This council aims to develop economic and coordination strategies to ensure effective and coordinated economic planning and implementation. Members of this council include figures such as the President of the Nigerian Senate, the Governor of the Central Bank of Nigeria, as well as key ministers such as the Minister of Finance and Economy.
In addition, the Council also invited prominent members of the private sector to join its work for up to one year. Influential figures such as Alhaji Aliko Dangote, Mr. Tony Elumelu and others have been appointed to contribute their expertise and experience in the service of the economic growth of the country.
At the same time, an Economic Emergency Response Team was created to formulate and implement a consolidated emergency economic plan. This team, called the Emergency Taskforce for Economic Management (TUGE), meets regularly to develop rapid and effective economic interventions in response to immediate economic challenges.
Finally, an Economic Management Team (EMT) was also set up to work in close collaboration with the Presidential Economic Coordination Council. This team, led by the Coordinating Minister of Economy and Finance, plays an essential role in implementing economic policies and promoting sustainable economic growth.
Overall, these initiatives demonstrate the government’s commitment to addressing current economic challenges and ensuring inclusive and sustainable economic development for all Nigerians.
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