A new economic advisory committee, spearheaded by President Bola Tinubu, has been established, bringing together representatives from the federal government, sub-national entities, and the private sector.
This decision emerged following deliberations between the President and key stakeholders at the State House, Abuja, on Sunday. The move comes amidst mounting challenges such as the depreciating value of the naira, escalating inflation rates, and other economic pressures exacerbating the prevailing cost of living crisis.
Among the notable private sector figures enlisted in the committee are Tony Elumelu, Chairman of United Bank for Africa, and Aliko Dangote, Chairman of Dangote Group. In his address at the meeting, President Tinubu underscored the committee’s objective to bolster efforts towards stabilizing the economy and charting a path towards a more promising economic future for Nigerians. He emphasized the imperative of addressing existing economic deficiencies while striving to uplift the most vulnerable segments of society.
Central to the discussions were themes of food security, employment generation, and currency stability. Dangote, representing the private sector cohort, articulated the committee’s commitment to tackling these issues comprehensively, thereby contributing to the realization of President Tinubu’s Renewed Hope Agenda. Similarly, Elumelu expressed optimism regarding the implementation of decisions made, highlighting their potential to drive economic growth, mitigate poverty, foster employment, and enhance food security across the nation.
State governments have signaled their readiness to collaborate with federal welfare initiatives aimed at ameliorating the hardships faced by Nigerians. Governor Dapo Abiodun of Ogun State affirmed the collective resolve of governors to support President Tinubu’s interventions while concurrently undertaking localized measures to alleviate immediate pressures on citizens. Governor Charles Soludo of Anambra State echoed this sentiment, emphasizing the committee’s commitment to regular evaluation and recommendation to facilitate effective policy implementation. Additionally, the private sector, represented by the Manufacturers Association of Nigeria, pledged robust engagement to furnish actionable recommendations vital for steering the nation’s economy towards sustainable growth.
Top of Form