Tinubu constitutes teams to revive economy

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To boost the economy, President Bola Tinubu, yesterday, established a comprehensive economic coordination and planning system for the country.

A statement by his spokesman, Ajuri Ngelale, revealed that three key economic committees were constituted, with the President heading the 31-man Presidential Economic Coordination Council while the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, is chairing both the 19-man Economic Management Team Emergency Taskforce and the 14-man Economic Management Team.

The PECC, which also comprises 13 key members of the organised private sector, joining for a period not exceeding one year, subject to the President’s directive include Aliko Dangote; Tony Elumelu; Abdulsamad Rabiu; Amina Maina; Begun Ajayi-Kadir; Funke Okpeke and Dr. Doyin Salami. The EET is now ordered to submit a comprehensive plan of economic interventions for 2024 to the PECC, covering the next six months, for immediate implementation within two weeks of its inauguration.

The EMT traditionally meets monthly or as required, but will now suspend its meetings for the duration of the EET’s six-month mandate. NAN recalled that in February, the Naira exchanged for as high as N1900 to a dollar, but the currency had gradually appreciated following some monetary policies formulated by the government.

Earlier, the leader of the delegation and founder of IDAN, Titi Ogufere, unveiled a move to train one million youths in furniture production and industrial design. Oduwole submitted yesterday at the Women in Business luncheon series organised by the Franco-Nigeria Chamber of Commerce and Industry in partnership with Zenith Bank Plc in Lagos.Lagos State Commissioner for Commerce, Corporative, Trade and Investment, Mrs. Folashade Ambrose-Medebem, said it would take 300 years to close the gender gap, pointing out that it takes all to achieve inclusion in the society.

She said celebrating diversity is another key thing in businesses, stating that the bank lives towards empowering women in all spheres of life.

 

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