On Thursday, President Bola Tinubu officially opened the 31-member Presidential Economic Coordination Council, which includes the Vice President, the President of the Senate, the Chairman of the Nigerian Governors Forum, and other notable figures.
According to a report by Punch. Three months have passed since the committee was formed by the President on March 27, 2024, when Thursday's inauguration takes place.
The results of Tinubu's evaluation of the Accelerated Stabilization and Advancement Plan, which aims to infuse N2 trillion into the economy over the course of the next six months, were also revealed.
Following the briefing, State House Correspondents were briefed by Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who also stated that the emergency funds will be prioritized for the sectors of health, agriculture, and energy/power.
The finance minister gave the following breakdown: N350 billion for health and social welfare, N500 billion for agriculture and food security, N500 billion for the energy and power industry, and roughly N650 billion for general business support.