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Presidential Election Results:Arewa Youth Accuses Obasanjo Of Plan To Cause Violence
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Breaking:President Tinubu Constitutes Presidential Economic Coordination Council
In a strategic move to bolster the nation’s economic governance frameworks and ensure robust and coordinated economic planning and implementation, President Bola Ahmed Tinubu has approved the establishment of the Presidential Economic Coordination Council (PECC) and the creation of the Economic Management Team Emergency Taskforce (EET).
The Presidential Economic Coordination Council (PECC) comprises distinguished leaders and key government officials, including:
(1) President of the Federal Republic of Nigeria – Chairman of the PECC
(2) Vice-President of the Federal Republic of Nigeria – Vice-Chairman of the PECC / NEC Chairman
(3) President of the Nigerian Senate
(4) Chairman, Nigeria Governors’ Forum
(5) Coordinating Minister for the Economy and Minister of Finance
(6) Governor of the Central Bank of Nigeria
(7) Minister of Agriculture and Food Security
(8) Minister of Aviation and Aerospace Development
(9) Minister of Budget and Economic Planning
(10) Minister of Communications, Innovation and Digital Economy
(11) Minister of Industry, Trade and Investment
(12) Minister of Labour and Employment
(13) Minister of Marine and Blue Economy
(14) Minister of Power
(15) Minister of State, Petroleum Resources
(16) Minister of State, Gas
(17) Minister of Transportation
(18) Minister of Works
The PECC will also comprise key members of the organized private sector, with the following members joining for a period not exceeding one (1) year, subject to the President’s directive:
(1) Alhaji Aliko Dangote
(2) Mr. Tony Elumelu
(3) Alhaji Abdulsamad Rabiu
(4) Ms. Amina Maina
(5) Mr. Begun Ajayi-Kadir
(6) Mrs. Funke Okpeke
(7) Dr. Doyin Salami
(8) Mr. Patrick Okigbo
(9) Mr. Kola Adesina
(10) Mr. Segun Agbaje
(11) Mr. Chidi Ajaere
(12) Mr. Abdulkadir Aliu
(13) Mr. Rasheed Sarumi
Furthermore, in his determination to address immediate economic challenges and ensure the streamlined execution of economic strategies, President Bola Tinubu has established the Economic Management Team Emergency Taskforce (EET) with a mandate to formulate and implement a consolidated emergency economic plan. The taskforce comprises key government officials and industry leaders in furtherance of the President’s collaborative approach toward achieving economic resilience and growth. The EET is now mandated to submit a comprehensive plan of economic interventions for 2024 to the PECC, covering the next six (6) months, for immediate implementation within two weeks of its inauguration. The EET will meet twice weekly and is composed of the following members:
(1) Coordinating Minister for the Economy and Minister of Finance (Chairman of the EET)
(2) Minister of Budget and Economic Planning
(3) Minister of Power
(4) Minister of Agriculture and Food Security
(5) Coordinating Minister of Health and Social Welfare
(6) Minister of Industry, Trade and Investment
(7) Governor of the Central Bank of Nigeria
(8) National Security Adviser
(9) Chairman, Nigeria Governors’ Forum
(10) Governor of Anambra State
(11) Governor of Ogun State
(12) Governor of Niger State
(13) Executive Chairman, Federal Inland Revenue Service
(14) Director-General, Budget Office of the Federation
(15) GCEO, NNPC Limited
(16) Director-General, Nigeria Economic Summit Group
(17) Special Adviser to the President on Energy
(18) Dr. Bismarck Rewane, Economist
(19) Dr. Suleyman Ndanusa, Economist
The Economic Management Team, established in October 2023, and chaired by the Coordinating Minister for the Economy and Minister of Finance, serves as the working group under the Presidential Economic Coordination Council (PECC), playing a crucial role in the economic governance structure established by the President. The EMT traditionally meets monthly or as required, but will now suspend its meetings for the duration of the EET’s mandate (six months). The EMT is composed of the following officials:
(1) Coordinating Minister for the Economy and Minister of Finance (EMT Chairman)
(2) Governor of the Central Bank of Nigeria
(3) Minister of Budget and Economic Planning
(4) Minister of Industry, Trade and Investment
(5) Minister of Communications, Innovation and Digital Economy
(6) Minister of Works
(7) Minister of Labour and Employment
(8) Minister of Agriculture and Food Security
(9) Minister of State, Petroleum Resources
(10) Minister of State, Gas
(11) Minister of Power
(12) Minister of Transportation
(13) Minister of Aviation and Aerospace Development
(14) Minister of Marine and Blue Economy
The Chairman of the EMT may, as needed, call on any Federal Minister or Head of Agency to brief the EMT on key programmes and developments affecting the economy.
The President’s formation of the PECC, under his Chairmanship, alongside the creation of the EET, led by the Chairman of the EMT, and the EMT itself, is the manifestation of a unified strategy aimed at enhancing Nigeria’s economic management architecture for verifiably improved performance. The formation of these teams will complement existing economic governance structures, including the National Economic Council (NEC), which is chaired by the Vice-President.
Over the next six months, the EET will focus on the rapid implementation, monitoring, and evaluation of critical initiatives, strengthening the Tinubu-led administration’s collective approach to advancing Nigeria’s economic objectives.
Chief Ajuri Ngelale
Special Adviser to the President
(Media & Publicity)
March 27, 2024
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Breaking: NNPC Retail Limited Clarifies Price Adjustment Rumours
The NNPC Limited wishes to clarify rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail stations nationwide.
The company asserts that these reports are false and urges Nigerians to disregard them entirely.
NNPC Ltd reaffirms its commitment to sustaining the current sufficiency in petroleum products supply across all its retail stations in the country.
*Olufemi Soneye*
Chief Corporate Communications Officer
NNPC Ltd
Abuja
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Gombe approves N549.4 million for WAEC, NBAIS, NABTEB
Gombe State Executive Council on Tuesday during its 37th meeting okayed N549.4 million for 19,840 students across 151 senior secondary schools to participate in the forthcoming examinations.
Our correspondent reports that no fewer than 1243 students would write National Business and Technical Examination Board, while 309 would write National Board for Arabic and Islamic Studies and 18,288 to seat for West Africa Examinations Council.
Briefing journalists after the council meeting, Commissioner for Education Dr Aishatu Maigari said, “Gombe State Executive Council has approved the payment of Senior Secondary Certificate Examination, for 19,840 students. In 151 senior secondary schools these students are going to enjoy payment of WAEC for 18,288 writing the exam. 1,243 are writing NABTEB, 309 are writing NBAIS.”
On how the beneficiaries were picked, she noted that the current administration has commenced mock process to select the best in order to get results, “They sat for mock examination, since the inception of this government in 2019 we have been writing examination in 2019 when we took over saw abysmal performance of 22 per cent got five credit, in 2023 67.5 per cent of our students got five credits including Mathematics and English. The percentage of student we are paying for is 72.59 per cent, we had over 23000 students who sat for mock examination. We made it 60 per cent,” Maigari added.
The commissioner added, “The students include both our indigenous students and exam students this is coming at a time when examination bodies have increased their fees. The governor approved N549,492,175 million.”
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