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Breaking:President Tinubu Constitutes Presidential Economic Coordination Council

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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

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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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Tinubu, Service Chiefs Brainstorm Over Deteriorating Security in North-East

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By Yusuf Danjuma Yunusa

President Bola Tinubu on Thursday convened a nearly two-hour security meeting with service chiefs at the Presidential Villa, Abuja, marking the first of such gathering since Tunji Disu assumed office as Inspector-General of Police.

The security chiefs, who arrived at the Villa without their usual official vehicles, making identification difficult, departed the premises at approximately 5:10pm after extensive deliberations with the President.

The service chiefs and the IG were identified by newsmen present at the Villa as they left the forecourt following the closed-door meeting.

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The session comes amid heightened security concerns across the country, particularly the recent killings of military commanding officers in various theatres of operation.

In the past week alone, the military lost at least three commanding officers in charge of forward operating bases following a surge in attacks on security formations and personnel, especially in the North-East where Boko Haram and Islamic State West Africa Province insurgents have intensified assaults on military positions.

Notable among recent incidents was the attack on Ngoshe in Borno State, which resulted in abductions, as well as separate assaults on Konduga, Marte, Jakana, and Mainok, all in Borno State.

The attacks prompted responses from both President Tinubu and Vice President Kashim Shettima, who vowed to deploy overwhelming force to end the insurgency.

As of the time of filing this report, details of the discussions at the security meeting had not been disclosed to the media.

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Ex-Sokoto Governor Tambuwal Officially Joins ADC

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By Yusuf Danjuma Yunusa

Senator Aminu Tambuwal, a former Governor of Sokoto State, has officially resigned his membership from the Peoples Democratic Party (PDP), attributing his departure to the party’s deepening internal crises. He has subsequently joined the African Democratic Congress (ADC).

Tambuwal, who currently represents Sokoto South in the Senate, formalized his resignation in a letter dated March 11, 2026, addressed to the PDP ward chairman in his Tambuwal/Shinfiri Ward, Tambuwal Local Government Area. The contents of the letter were made public on Thursday.

In the correspondence, the former Speaker of the House of Representatives explained that the decision was the result of extensive deliberations with his political network. “After deep reflection and extensive consultations with my political associates and supporters, I have decided to resign my membership of the Peoples Democratic Party with immediate effect,” the letter stated.

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He pointed to the party’s ongoing instability as the primary reason for his exit. “The persistent internal crises, leadership disagreements and growing divisions within the party have made it increasingly difficult for me to continue my membership,” Tambuwal wrote.

While severing ties with the PDP, Tambuwal acknowledged the platform the party provided for his political career. “I remain grateful to the party for the platform it provided me to serve Nigeria as Speaker of the House of Representatives and later as Governor of Sokoto State,” he noted.

Confirming his immediate switch to the ADC, Tambuwal said he is joined by his associates and supporters. He framed the move as a pursuit of a more principled and credible political vehicle. “My decision is guided by the conviction that Nigeria requires a stronger political platform built on integrity, accountability, inclusiveness and a clear commitment to national development,” he added.

Tambuwal’s political career has been marked by significant shifts. He served as Speaker of the House of Representatives from 2011 to 2015 under the PDP before crossing over to the All Progressives Congress (APC) to successfully run for Governor of Sokoto State in 2015. In a dramatic move later that same year, he defected back to the PDP, under whose banner he won a second gubernatorial term in 2019.

Following the conclusion of his second term as governor in 2023, he was elected to the Senate. His latest defection to the ADC is poised to reshape the political landscape in Sokoto State, where he remains a highly influential figure.

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ADC Criticises Tinubu’s CNG Plan, Demands Price Cap

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By Yusuf Danjuma Yunusa

The African Democratic Congress (ADC) has urgently called on the Federal Government to implement a temporary cap on petrol prices, warning that the recent surge in fuel costs is exacerbating the hardship faced by millions of Nigerian households.

In a press statement issued on Wednesday, the party’s National Publicity Secretary, Mallam Bolaji Abdullahi, acknowledged that volatility in global oil markets—spurred by the ongoing crisis in the Middle East—is contributing to the price hikes. However, the ADC argued that external factors do not justify allowing fuel prices to rise unchecked in an economy still reeling from the removal of the fuel subsidy.

“For everyday Nigerians, petrol determines the price of food, transportation, and survival. When petrol rises, everything else rises with it,” Abdullahi stated. “This is why the African Democratic Congress urges the Federal Government to take urgent action to stabilize petrol prices.”

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The party criticized the administration of President Bola Tinubu, stating that the current APC-led government must take responsibility for shielding citizens from the harshest effects of the increases. The ADC further called for the introduction of targeted palliatives specifically designed to support low-income Nigerians who are most vulnerable to the rising cost of transportation and goods.

Beyond the immediate call for a price cap, the ADC questioned the feasibility of the government’s long-term energy strategy, specifically targeting the recently announced plan to distribute 100,000 Compressed Natural Gas (CNG) conversion kits.

The party noted that with over 11 million vehicles registered in Nigeria, the proposed 100,000 kits would cover less than one percent of the nation’s vehicle fleet. Furthermore, the ADC raised concerns about the limited availability of CNG refuelling stations across the country, questioning whether the policy would have any tangible impact on the average Nigerian.

“A policy that touches only a fraction of vehicles cannot meaningfully address a national fuel crisis,” Abdullahi said. “If Nigerians cannot easily find where to refuel, then the policy risks becoming an announcement without real impact.”

The ADC urged the Federal Government to pursue a more comprehensive and credible energy strategy that reflects Nigeria’s status as an oil-producing nation.

“Nigeria is an oil-producing country, and it should not be a place where the cost of petrol repeatedly pushes millions of citizens deeper into hardship,” the statement concluded. “At a time of rising global uncertainty, protecting the welfare of citizens must remain the first duty of any government that knows what they are doing.”

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