President
A statement issued by presidential spokesperson, Ajuri Ngelale, said three key economic committees were constituted, with the president heading a 31-man presidential economic coordination council, and Minister of Finance and Coordinating Minister of the Economy,
Tinubu approved the constitution of the committees in a strategic move to bolster the country's economic governance framework and ensure robust and coordinated economic planning and implementation.
Members of the
Others were Minister of Communications, Innovation and Digital Economy; Minister of Industry, Trade and Investment; Minister of
PECC, which was also made up of 13 key members of the organised private sector, joining for a period not exceeding one year, subject to the president's directive, included
Equally on the membership of PECC from the private sector were Mr.
In his determination to further address immediate economic challenges and ensure the streamlined execution of economic strategies, Tinubu established the
The taskforce comprised key government officials and industry leaders in furtherance of the president's collaborative approach toward achieving economic resilience and growth.
EET was mandated to submit a comprehensive plan of economic interventions for 2024 to PECC, covering the next six months, for immediate implementation within two weeks of its inauguration.
Membership of EET, which would meet twice weekly, included Minister of Finance and Coordinating Minister of the Economy (Chairman); Minister of Budget and Economic Planning; Minister of Power; Minister of Agriculture and Food Security; Minister of Health and Social Welfare; Minister of Industry, Trade and Investment; Governor of the
Other members were governors of Ogun and
Another 14-man Economic Management Team (EMT), established in
EMT traditionally meets monthly or as required, but would now suspend its meetings for the duration of the EET's mandate of six months.
Membership of the EMT include Minister of Finance and Coordinating Minister of the Economy (Chairman); Governor of the
Other members are Minister of Works; Minister of
Chairman of the EMT may, as needed, call on any mnister or head of agency to brief the EMT on key programmes and developments affecting the economy.
The statement said the president's formation of the new committees was "the manifestation of a unified strategy aimed at enhancing
"The formation of these teams will complement existing economic governance structures, including the
It said over the next six months, EET would focus on the rapid implementation, monitoring and evaluation of critical initiatives, and strengthening the federal government's collective approach to advancing
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