Tinubu announces injection of N2tr into sectors of the economy for stabilisation

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PRESIDENT Bola Tinubu on Thursday said his administration seeks to inject N2 trillion into the economy in the next six months.

President Tinubu stated this when he inaugurated his Presidential Economic Coordination Council, PECC, drawn from different sectors of society and the economy.

According to him, “The President has just inaugurated the Presidential economic Coordination Council and that is a body that is made up of the President’s Economic Management Team, the Legislature, represented by the leaders of the National Assembly; the Senate President and the Speaker of the House of Representatives, as well as very importantly, the sub-nationals, represented by the chairman of the Nigerian Governors Forum, and, of course, the elite of the private sector.

“In addition to a range of policy measures and tax measures, there is a range of executive orders which Mr. President has signed and which are being gazetted to ease the cost of doing business at this particular time”, he said. He said with the full participation of the private sector in the Tinubu’s government, things would improve for better and more jobs created.

Recall that President Tinubu announced the constitution of the Council, which he personally chairs, in a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, of March 27, 2024.

 

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