Tinubu
Breaking: Tinubu inaugurates Presidential Econ Coordinating Council, injects N2trn to economy
A Presidential Economic Coordinating Council has been inaugurated by President Bola Tinubu, comprising key private sector players such Chairman of Dangote Group, Aliko Dangote, and Chairman of Heirs Holdings Tony Elumelu.
Also, in the Council is the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, among others, who will report monthly to President Tinubu.
Similarly, the Federal Government is injecting over N2 trillion into the Nigerian economy to reflate and turn around the economy in the shortest possible time.
President Tinubu, who inauguratef the Committee at the Presidential Villa, Abuja, on Thursday, approved the injection of specific funds of N250bn for Health and Social Welfare, N500bn for Energy and Power, among others.
These measures are tagetted to stem the inflationary trend in the country, where Nigerians’ living standard is reducing every day.
Details later…