By Milcah Tanimu
President Bola Tinubu has inaugurated a Presidential Economic Coordinating Committee with the objective of revitalizing the Nigerian economy swiftly.
The committee comprises key figures from the private sector, including Aliko Dangote, Chairman of Dangote Group; Tony Elumelu, Chairman of Heirs Holdings; and Wale Edun, Minister of Finance and Coordinating Minister for the Economy.
The committee is expected to inject over ₦2 trillion into the Nigerian economy to stimulate growth. During the inauguration ceremony at the Presidential Villa in Abuja on Thursday, Tinubu announced the allocation of specific funds: ₦250 billion for Health and Social Welfare and ₦500 billion for Energy and Power, among other economic support measures.
These initiatives are likely in response to the current inflationary trends that have sparked widespread complaints among Nigerians.
More details to follow…
