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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 Says Dangote Group Performs Excellently in Driving Economy

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The Vice President Kashim Shettima visits the Dangote pavilion at the ongoing 32nd Nigeria Economic Summit at Transcorp Hilton Abuja... Monday.

 

President Bola Ahmed Tinubu has commended the Dangote Group for its significant contribution to Nigeria’s economic growth, citing the conglomerate’s strategic investments in key sectors as instrumental in boosting domestic production, creating jobs, reducing dependence on imports, conserving foreign exchange and strengthening the country’s industrial capacity.

The President gave the commendation during a visit to the Dangote Group pavilion at the ongoing 32nd Nigeria Economic Summit at the Transcorp Hilton, Abuja, on Monday. He was represented at the event by Vice President Kashim Shettima.

Tinubu praised the Group’s performance across its business operations, highlighting the critical role of private-sector investments in expanding productive capacity, stimulating economic activities and supporting national development.

The Dangote Group has investments spanning cement manufacturing, fertiliser production, sugar refining, salt processing and petroleum refining.

These investments contribute to local value addition, employment generation and the development of domestic supply chains, while supporting efforts to reduce Nigeria’s dependence on imported products.

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He said his administration is creating conditions for public and private sectors to invest, expand and generate productive employment.

Dangote Group is the second biggest employer of labour after the federal government.

The 2026 Nigeria Economic Summit, themed “Growth That Works: Delivering Jobs, Productivity and Shared Prosperity,” was declared open by the President, who used the occasion to defend the Federal Government’s ongoing economic reforms and emphasise the importance of industrial harmony and private-sector-led growth.

The summit brings together policymakers, business leaders, investors and other stakeholders to discuss practical strategies for accelerating economic growth, improving productivity, generating employment and ensuring that the benefits of economic expansion reach more Nigerians.

The President’s commendation underscores the importance of sustained collaboration between government and the private sector in building a more productive, competitive and resilient Nigerian economy.

He said Nigeria has performed below its potentials for far too long, but “there is no shortcut for economic development.”

We came to rewrite the story of a nation that has performed below its potentials for far too long,” he said.

Through its investments in strategic industries, the Dangote Group remains a major private-sector participant in Nigeria’s industrialisation drive, with the potential to deepen local manufacturing, strengthen supply chains and support the country’s broader economic development objectives.

Through the Dangote Group’s diversified operations, the conglomerate has established a substantial presence across critical sectors of the economy, providing products and services that support construction, agriculture, manufacturing, energy and other productive activities.

One of its investments is the Dangote Petroleum Refinery and Petrochemicals complex in Lagos, which has the potential to transform Nigeria’s downstream petroleum industry by increasing domestic refining capacity and reducing the country’s reliance on imported refined petroleum products.

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Court Dismisses El-Rufai’s No-Case Submission in Ribadu Phone-Tapping Trial, Orders Defence

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By Yusuf Danjuma Yunusa

The Federal High Court in Abuja on Monday dismissed a no-case submission filed by former Gov. Nasir El-Rufai of Kaduna State in his ongoing trial over alleged unlawful interception of the telephone communications of the National Security Adviser, NSA, Nuhu Ribadu.

Justice Joyce Abdulmalik, in a ruling, held that the State Security Service, SSS, had placed before the court sufficient evidence to warrant the court to call on the ex-governor to enter his defence if he so desires.

The judge, therefore, ordered El-Rufai, the sole defendant in the charge, to enter his defence.

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The defendant had opted for a no-case submission after the SSS closed its case by calling two witnesses.

Mr El-Rufai, through his counsel, Akinyemi Aremu, had urged the court to hold that the prosecution had failed to establish a case requiring the former governor to enter a defence.

In response, the SSS lawyer, Oluwole Aladedoye, SAN, adopted their counter affidavit in opposition to the no-case submission.

Mr Aladedoye argued that the defence failed to address Exhibit “B”, which the prosecution said contained El-Rufai’s alleged admission concerning the tapping of Ribadu’s phone.

He submitted that since the prosecution had established a prima facie case against El-Rufai, the defendant was required by law to enter his defence.

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JIBWIS Calls For Arrest,Investigation Of Man In JIBWIS Uniform Over Viral Video Threatening Attack On Enugu On Sunday 

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The National Chairman of Jama’atu Izalatil Bid’ah Wa Iqamatis Sunnah (JIBWIS), Sheikh Abdullahi Bala Lau, has strongly condemned a viral video showing a man dressed in the uniform of the organisation’s First Aid Group, participating in a jogging exercise and chanting provocative statements calling for AK-47 rifles to be given to them to enable them to travel to Enugu on Sunday and carry out an attack.

Reacting to the disturbing development, Sheikh Bala Lau called on the Department of State Services (DSS), the Nigeria Police Force and other relevant security agencies to immediately investigate the incident, identify those responsible and ensure that anyone found culpable is brought to justice in accordance with the law.

The National Chairman categorically dissociated JIBWIS from the inflammatory statements, stressing that such expressions of violence, intimidation and threats against any community are completely alien to the principles, teachings and objectives upon which the organisation was established.

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He emphasised that wearing the uniform of the JIBWIS First Aid Group or appearing among its members does not automatically establish that an individual is acting on behalf of the organisation or with its authorisation.

Sheikh Bala Lau further expressed concern that the incident could represent a deliberate attempt by individuals or external interests to misrepresent the organisation and damage its longstanding reputation. He therefore urged security agencies to thoroughly investigate the circumstances surrounding the video, including the identity, affiliation and possible motives of those involved.

The Chairman recalled that JIBWIS recently organised an international conference in Abuja, bringing together Christian leaders, Muslim scholars from different Islamic schools of thought, prominent personalities and participants from different parts of the world, with the central objective of promoting interfaith dialogue, mutual understanding, religious tolerance and peaceful coexistence.

He questioned how an organisation that has consistently invested its resources, leadership and institutional efforts in building bridges across religious and ethnic divides could reasonably be associated with statements advocating violence against fellow Nigerians.

For approximately 48 years since its establishment, JIBWIS has remained committed to the propagation of authentic Islamic teachings, the promotion of the Sunnah of Prophet Muhammad (SAW), moral reformation, education, humanitarian services and the peaceful coexistence of people irrespective of their religious, ethnic or geographical backgrounds.

 

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