Hardship: Tinubu inaugurates Presidential Economic Coordinating Committee
1 min read- These measures may not be unconnected with the galloping inflation in the country which has severely eroded the purchasing power of Nigerians as many struggle to afford basic commodities.
A Presidential Economic Coordinating Committee has been inaugurated by President Bola Tinubu.
The committee is saddled with the task of fixing the economy in the shortest possible time.
Among other things, it is expected to put the Nigerian economy on a sound footing by reflating it with an injection of over N2 trillion.
The Committee comprises key players in the private sector such as Chairman of Dangote Group, Aliko Dangote, Chairman of Heirs Holdings Tony Elumelu, Minister of Finance and Coordinating Minister for the Economy, Wale Edun among others.
While inaugurating the Committee at the Presidential Villa Abuja on Thursday, Tinubu gave a directive of the injection of specific funds of N250bn for Health and Social Welfare, N500bn for Energy and Power among other bolster measures.
These measures may not be unconnected with the galloping inflation in the country which has severely eroded the purchasing power of Nigerians as many struggle to afford basic commodities.
More details later
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