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Breaking:President Tinubu Constitutes Presidential Economic Coordination Council

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2 years ago

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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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FCTPoll: ADC Candidate Blames Voter Apathy on Movement Ban, Alleges Agent Intimidation

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4 hours ago

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February 21, 2026

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By Yusuf Danjuma Yunusa

The chairmanship candidate of the African Democratic Congress (ADC) for the Abuja Municipal Area Council (AMAC), Dr. Moses Paul, has attributed the low voter turnout in Saturday’s area council elections to the confusion caused by the nationwide movement restriction order.

Dr. Paul, who spoke to journalists shortly after casting his vote at his polling unit, also raised allegations of intimidation against his party’s agents in several wards.

Describing the situation in parts of the capital city as resembling a “state of emergency,” the candidate expressed dismay at the process. “The turnout is nothing compared to what we expected,” Dr. Paul stated. “Having lived in AMAC for about 40 years, I have never witnessed this kind of scenario. The movement restriction directive created a lot of confusion, which I believe is unwarranted.”

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While critical of the overall conduct of the election, the candidate commended the presiding officers at his specific polling unit for their professionalism and strict adherence to due process.

However, he painted a troubling picture of events elsewhere in the council. He alleged that ADC agents in areas such as Takum Shara and parts of Kabusa Ward—including Dogongada and Shereti—were threatened and intimidated, preventing them from properly monitoring the process.

Furthermore, Dr. Paul condemned the prevalence of vote-buying, describing it as a “criminal act” and alleging that the practice was openly taking place in various parts of the Federal Capital Territory.

Despite these challenges, the candidate remained optimistic about his chances. “The will of the people will prevail,” he asserted. “I am confident of emerging victorious. My message to Nigerians is to resist all forms of intimidation and to demand accountability from their leaders.”

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Concerned Marketers and stakeholders Urges NMPDRA to Intensify Monitoring of fuel standards in Nigeria.

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5 hours ago

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February 21, 2026

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Concerned marketers and stakeholders around the country has called on the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMPDRA) to strengthen oversight of fuel standards entering the country whether imported, refined or retailed and dispensed all over the country. warning against the influx of contaminated petroleum products that may have lacked proper octane ratings, sulphur contents and other pollutants.
In a statement issued to newsmen, the marketers expressed concern that substandard fuel may have been imported, refined or sold in the country pose serious risks to consumers, vehicles, and public safety.

The marketers emphasized that the Petroleum Industry Act (PIA) mandates strict adherence to safety standards, and approved guidelines for fuel quality, including octane ratings, sulphur contents etc. They noted that fuel with poor octane ratings can damage engines, compromise efficiency, and increase the risk of fire outbreaks.

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Recent incidents of fires at filling stations across the country were cited as evidence of the dangers posed by contaminated fuel. “The standards of fuel imported, refined, supplied and distributed should not be compromised to the benefits of any player in the industry,” the statement read, underscoring the need for accountability.
The stakeholders urged the NMPDRA leadership under Engineer Saidu Aliyu to carry all stakeholders along as stipulated by section 216 of the PIA. They argued that transporters, refinery owners, and importers all have roles stipulated under the PIA. “The Chief Regulator was appointed to execute this mandate,” the group asserted.

The statement further stressed that Nigerians deserve value for money when purchasing fuel. “Ultra-modern refineries, and depot facilities that import fuel must provide fuel with good octane ratings. It is not proper for such facilities to compromise standards,” the consortium said.

They urged the NMPDRA to examine both imported and locally refined petroleum products to ensure compliance with safety and quality benchmarks.

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Information Commissioner Meets Civil Society Groups on Governance, Development in Kano

Published

22 hours ago

on

February 20, 2026

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Comrade Ibrahim Abdullahi Waiya addressing the Press after the meeting

 

The Kano State Commissioner for Information and Internal Affairs, Ibrahim Abdullahi Waiya, on Thursday convened a strategic meeting with civil society organisations to discuss issues affecting the state and strengthen collaboration with the government.

During the engagement, the commissioner briefed participants on the ongoing initiatives of the administration of Abba Kabir Yusuf, noting that civil society groups play a critical role in governance and policy development.

Waiya reiterated the government’s commitment to inclusive governance, stressing that civil society actors remain key partners in promoting sustainable development across Kano.

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He described civil society organisations as an important constituency, emphasizing the need to deepen partnerships, sustain open communication, and build stronger cooperation between government institutions and non-state actors.

Participants at the meeting described the session as interactive and forward-looking, as stakeholders exchanged ideas on policy priorities and strategies aimed at advancing development in the state.

The meeting ended with a renewed commitment by both the government and civil society groups to continue working together in promoting transparency, accountability, and development initiatives in Kano State.

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