President Bola Tinubu has launched a Presidential Economic Coordinating Council charged with revitalizing the economy swiftly.
The Council membership is made of influential players from the private sector of the economy, such as Alhaji 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 group is expected to inject over ₦2 trillion into the Nigerian economy to stimulate growth.
During the inauguration ceremony at the Presidential Villa in Abuja on Thursday, President Tinubu directed the allocation of specific funds: ₦250 billion for Health and Social Welfare and ₦500 billion for Energy and Power, among other economic support measures.
Details to follow as they unfold.
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