President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) at the Presidential Villa, Abuja.
The council, comprising key government officials and key figures from the private sector, is tasked with injecting over N2tn into the Nigerian economy to stimulate growth and development.
Chaired by President Tinubu, the council will be complemented by the Economic Management Team Emergency Taskforce (EET).
The EET, led by the Coordinating Minister for the Economy and Minister of Finance, had been mandated to develop a comprehensive economic rescue plan for the country.
During the inauguration on Thursday, Tinubu issued directives for specific fund allocations, including N250bn for Health and Social Welfare and N500bn for Energy and Power, among other sectors.
The measures are aimed at providing immediate economic relief and laying the groundwork for sustainable growth of the country.
Notable members of the PECC from the private sector include Aliko Dangote, Chairman of Dangote Group, and Tony Elumelu, Chairman of Heirs Holdings.
The council also includes key government officials such as Wale Edun, Minister of Finance and Coordinating Minister for the Economy, and Senator Atiku Bagudu, Minister of Budget and National Planning.
Addressing the press after the inauguration, Edun said “The president has just inaugurated the Presidential Economic Coordination Council and that is a body that is made up of the president’s Economic Management Team, the legislature, represented by the leaders of the National Assembly; the Senate President and the Speaker of the House of Representatives, as well as very importantly, the sub-nationals, represented by the chairman of the Nigerian Governors Forum, and of course, the elite of the private sector.”
Members Of The Presidential Economic Coordination Council (PECC) Are:
- President of the Federal Republic of Nigeria – Chairman of the PECC
- Vice-President of the Federal Republic of Nigeria – Vice-Chairman of the PECC / NEC Chairman
- President of the Nigerian Senate
- Chairman, Nigeria Governors’ Forum
- Coordinating Minister for the Economy and Minister of Finance
- Governor of the Central Bank of Nigeria
- Minister of Agriculture and Food Security
- Minister of Aviation and Aerospace Development
- Minister of Budget and Economic Planning
- Minister of Communications, Innovation and Digital Economy
- Minister of Industry, Trade and Investment
- Minister of Labour and Employment
- Minister of Marine and Blue Economy
- Minister of Power
- Minister of State, Petroleum Resources
- Minister of State, Gas
- Minister of Transportation
- Minister of Works
The PECC Members Drawn From The Organised Private Sector Are:
- Alhaji Aliko Dangote
- Mr. Tony Elumelu
- Alhaji Abdulsamad Rabiu
- Ms. Amina Maina
- Mr. Begun Ajayi-Kadir
- Mrs. Funke Okpeke
- Dr. Doyin Salami
- Mr. Patrick Okigbo
- Mr. Kola Adesina
- Mr. Segun Agbaje
- Mr. Chidi Ajaere
- Mr. Abdulkadir Aliu
- Mr. Rasheed Sarumi
The Economic Management Team Emergency Taskforce (EET) Comprises Of The Following Members:
- Coordinating Minister for the Economy and Minister of Finance (Chairman of the EET)
- Minister of Budget and Economic Planning
- Minister of Power
- Minister of Agriculture and Food Security
- Coordinating Minister of Health and Social Welfare
- Minister of Industry, Trade and Investment
- Governor of the Central Bank of Nigeria
- National Security Adviser
- Chairman, Nigeria Governors’ Forum
- Governor of Anambra State
- Governor of Ogun State
- Governor of Niger State
- Executive Chairman, Federal Inland Revenue Service
- Director-General, Budget Office of the Federation
- GCEO, NNPC Limited.
- Director-General, Nigeria Economic Summit Group
- Special Adviser to the President on Energy
- Dr. Bismarck Rewane, Economist
- Dr. Suleyman Ndanusa, Economist