Tinubu launches Presidential Economic Coordinating Committee, names Dangote, Elumelu members

In order to rectify the economy in the minimum possible time, President Bola Tinubu has inaugurated a Presidential Economic Coordinating Committee.

The Nigerian economy is anticipated to be reflated by the Committee, which includes key players in the private sector such as Aliko Dangote, Chairman of Dangote Group, Tony Elumelu, Chairman of Heirs Holdings, and Wale Edun, Minister of Finance and Coordinating Minister for the Economy.

The Committee is expected to inject over N2 trillion into the economy in the future.

While inaugurating the Committee at the Presidential Villa Abuja on Thursday, Tinubu gave a directive of the injection of specific funds of N250bn for Health and Social Welfare, N500bn for Energy and Power among other bolster measures.

These measures may not be unconnected with the inflationary trend in the country, where Nigerians have had to complain severally.

More details later…