President Bola Tinubu has promised to inject about N2 trillion into the economy to turn its fortunes around within six months.
He gave the indication while inaugurating the Presidential Economic Coordination Council (PECC) on Thursday in Abuja.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, revealed this to correspondents after the inauguration.
Flanked by the chairman of Dangote Group, Aliko Dangote; chairman of Heirs Holding, Tony Elumelu; and the Minister of Budget and Economic Planning, Atiku Bagudu; Edun said the N2 trillion initiative will go into power and energy, agriculture among others.
Noting that the members are a mix of the top talents and stakeholders available in the country, he said the PECC is made up of members from the president’s economic team, the National Assembly, and the elite Organised Private sector.
He added that “today, they were presented with the outcome of the stabilisation emergency plan to cover the next six months, a N2 trillion naira package.”
Edun further said that there are also Executive orders signed by the President and are being gazetted to ease the cost of doing business in Nigeria.
According to him, President Tinubu is focused on food security and has asked the Nutrition Council to go to work and provide for Nigerians food at an affordable price.
Details later….
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