President Bola Tinubu on Thursday said his administration seeks to inject N2 trillion into the economy in the next six months.
The President made the commitment when he inaugurated a Presidential Economic Coordinating Committee aimed at revitalizing the economy swiftly.
The Committee includes influential figures from the private sector, such as Aliko Dangote, Chairman of Dangote Group; Tony Elumelu, Chairman of Heirs Holdings; and Wale Edun, Minister of Finance and Coordinating Minister for the Economy.
Briefing State House correspondents after the inauguration, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, gave a breakdown of the areas to benefit the emergency funding to include Health, Agriculture, Energy/Power and other areas.
According to him, “the song of that very important exercise is that a N2 trillion package involving N350 billion funding for Health and Social Welfare; N500 billion funding for Agriculture and Food Security; N500 billion for the Energy and Power sector and general business support of about N650 billion.
“In addition to a range of policy measures and tax measures, there is a range of executive orders which Mr. President has signed and which are being gazetted to ease the cost of doing business at this particular time”, he said.
Also speaking, the Chairman of Heir Holding and founder of Elumelu Foundation, Tony Elumelu and President of the Dangote Group, Aliko Dangote said that the Council will sit down and advise the government on the kind of policies to implement for the good of the people.
They said with the full participation of the private sector in the Tinubu’s government, things would improve for better and more jobs created.
Other membership of the PECC are Vice President Kashim Shettima, Vice-Chairman; President of the Nigerian Senate; Chairman, Nigeria Governors’ Forum; Coordinating Minister for the Economy and Minister of Finance; Governor of the Central Bank of Nigeria; Ministers of Agriculture and Food Security; Aviation and Aerospace Development and Budget and Economic Planning.
Others include Ministers of Communications, Innovation and Digital Economy; Industry, Trade and Investment; Labour and Employment; Marine and Blue Economy; Power; State, Petroleum Resources; State, Gas; Ministers of Transportation and Works.
The PECC, which also comprises 13 key members of the organized private sector, joining for a period not exceeding one year, subject to the President’s directive include Alhaji Aliko Dangote, Mr. Tony Elumelu, Alhaji Abdulsamad Rabiu, Ms. Amina Maina, Mr. Begun Ajayi-Kadir, Mrs. Funke Okpeke and Dr. Doyin Salami.
Other PECC members from the private sector are Mr. Patrick Okigbo, Mr. Kola Adesina, Mr. Segun Agbaje, Mr. Chidi Ajaere, Mr. Abdulkadir Aliu and Mr. Rasheed Sarumi.
