Africa’s richest man and Chairman of Dangote Group, Aliko Dangote, Chairman of Heirs Holding and United Bank of Africa, Tony Elumelu, Chief Executive Officer of the Financial Derivatives Company Limited, Bismarck Rewane, Chairman of BUA Group, Abdul Samad Rabiu and Governor of Central Bank of Nigeria, Olayemi Cardoso have topped list of President Bola Tinubu’s economic team to lead Nigeria out of her present economic fix in the next six months.
President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) tasked with strategising a way out of the current economic situation in the country.
The Council has a mix of government officials, top private sector players, and economic consultants.
Briefing State House Correspondents after the Inauguration of the Council, Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun said the Council is to meet and report to the President monthly.
According to Edun, President Tinubu presented the PECC with the outcomes of his accelerated, stability, stabilization and advancement plan which is an emergency plan to cover the next six months.
A cross section of members of the Presidential Economic Coordination Council (PECC) shortly after their inauguration in Abuja, yesterday.
In addition, the Council is to galvanise the current administration’s target of getting crude oil production up to two million barrels per day.
Edun also said the plan involves an N2 trillion package aimed at stabilising the economy and it includes: N350 billion for Health and Social Welfare; N500 billion for Agriculture and Food Security; N500 billion for the Energy and Power sector; and N650 billion for general business support.
He further explained that the Federal Government is focusing attention on boosting agricultural production in the country to ensure food security.
Also speaking, billionaire business tycoon and Africa’s richest man Dangote assured Nigerians that the PECC would come up with measures that will help the economy bounce back in the shortest possible time.
Also, Elumelu commended the President for constituting the Council as he pledged the commitment of the private sector.
Other members of the 31-member Council include Senate President Godswill Akpabio; the Speaker of the House of Representatives, Tajudeen Abbas; Chairman of the Nigeria Governors Forum, AbdulRahman AbdulRazaq; and 12 ministers.
Other members from the Organised Private sector include Ms. Amina Maina, Mr Segun Ajayi-Kadir; Dr Funke Opeke; Dr. Doyin Salami; Mr. Patrick Okigbo; Mr. Kola Adesina; Mr. Segun Agbaje; Mr. Chidi Ajaere; Mr. Abdulkadir Aliu; and Mr. Rasheed Sarumi.
