By Goodluck Ikiebe
Nigeria has unveiled strategic measures aimed at stabilizing the economy.
In a session with newsmen at the State House Abuja, after the inauguration of the Presidential Economic Coordination Council (PECC) by President Bola Ahmed Tinubu, the Minister of Finance and Coordinating Economy, Mr Wale Edun disclosed that the plan would strengthen the economy, create jobs and improve the general well-being of Nigerians.
Mr Edun provided a detailed explanation of the sectors set to receive emergency funding.
“These sectors include Health, Agriculture, Energy/Power, as well as other key areas”.
He said, “The President has just inaugurated the Presidential Economic Coordination Council (PECC) and that it’s 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.
Mr Edun noted that they were presented with the outcomes of Mr. President’s review of the accelerated stabilization and advancement plan and that was an emergency plan to cover the next six months, which Mr. President had directed that a combination of his own Economic Management Team and the sub nationals, the governor’s level, and the private sector put together for his consideration.
He added that in addition to a range of policy measures and tax measures, there is a range of executive orders, which the President had signed and which are being gazetted to ease the cost of doing business at this particular time.
The Finance Minister expressed optimism that this intervention would drive economic growth, create jobs and improve the overall well-being of Nigerians.
