Business
Tinubu inaugurates Presidential Economic Coordinating Committee
President Bola Tinubu has inaugurated a Presidential Economic Coordinating Committee to turn around the economy in the shortest possible time.
Going forward, the Committee comprising key players in the private sector such as Chairman of Dangote Group, Aliko Dangote, Chairman of Heirs Holdings Tony Elumelu, Minister of Finance and Coordinating Minister for the Economy, Wale Edun among others are expected to inject over N2 trillion into the Nigerian economy to reflate it.
While inaugurating the Committee at the Presidential Villa Abuja on Thursday, Tinubu gave a directive of the injection of specific funds of N250bn for Health and Social Welfare, N500bn for Energy and Power among other bolster measures.
These measures may not be unconnected with the inflationary trend in the country, where Nigerians have had to complain severally.