Tinubu creates economic taskforce, appoints Edun as chairman

Minister of Finance, Wale Edun

President Bola Tinubu has established the Economic Management Team Emergency Taskforce (EET) with a mandate to formulate and implement a consolidated emergency economic plan.

This was disclosed in a statement issued by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, on Wednesday, March 27, 2024.

Ngelale noted that the taskforce comprises some government officials and industry leaders in furtherance of the president’s collaborative approach toward achieving economic resilience and growth.

The presidential spokesman said the EET taskforce was established by Tinubu to address immediate economic challenges and ensure the streamlined execution of economic strategies.

He said the EET taskforce has been mandated to submit a comprehensive plan of economic interventions for 2024 to the Presidential Economic Coordination Council (PECC), covering the next six months, for immediate implementation within two weeks of its inauguration.

The EET taskforce which will meet twice weekly has the Coordinating Minister for the Economy and Minister of Finance, Wale Edun, as Chairman.

Tinubu heads economic council, appoints Dangote, Elumelu as members

Others appointed as members are the 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 (CBN); National Security Adviser; and Chairman of Nigeria Governors’ Forum.

Other members of the EET taskforce include the Governor of Anambra State, the Governor of Ogun State, and the Governor of Niger State.

Also appointed as members are the Executive Chairman of Federal Inland Revenue Service; Director-General of Budget Office of the Federation; GCEO of NNPCL; Director-General of Nigeria Economic Summit Group; Special Adviser to the President on Energy; Dr Bismarck Rewane, Economist; and Dr Suleyman Ndanusa, Economist.

Ngelale added that the Economic Management Team, established in October 2023 and chaired by Edun, will now suspend its monthly meetings for the duration of the EET’s mandate (six months).

He stated: “The Chairman of the EMT may, as needed, call on any Federal Minister or Head of Agency to brief the EMT on key programmes and developments affecting the economy.

“Over the next six months, the EET will focus on the rapid implementation, monitoring, and evaluation of critical initiatives, strengthening the Tinubu-led administration’s collective approach to advancing Nigeria’s economic objectives.”

The Star