President Bola Ahmed Tinubu on Saturday, January 13, 2024, approved the establishment of a Special Presidential Panel, which will be led by the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun.
The establishment of the panel was sequel to President Tinubu’s six-week suspension of the four programmes under the National Social Investment Programmes Agency (NSIPA),
The Special Presidential Panel is tasked with immediately undertaking a comprehensive review and audit of existing financial frameworks and policy guidelines of the social investment programmes with a view to implementing a total re-engineering of the financial architecture of the programmes with detailed modification to procedures guiding the programmes’ implementation moving forward.
The Special Presidential Panel comprised of ministers representing strategic sectors that would ensure a multi-disciplinary approach to the reform effort.
These were contained in a statement by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, in which he said that the panel is made up of the following the Coordinating Minister of the Economy and Minister of Finance as Chairman, Coordinating Minister of Health and Social Welfare – Member, Minister of Budget and Economic Planning – Member, Minister of Information and National Orientation – Member, Minister of Communications and Innovation and Digital Economy – Member and the Minister of State for Youth – Member.
The statement further stated that President Tinubu anticipated that this Special Presidential Panel would validate the confidence reposed in it by winning back all lost public confidence in these vital programmes over the years by ushering in a new era of operation based on open and accountable governance frameworks that will prove impervious to abuse and incompetence for the exclusive benefit of disadvantaged households across our nation.
