President Tinubu has approved the establishment of a Special
Presidential Panel, on social investment programmes, which will be led by the
Coordinating Minister of the Economy and Honourable Minister of Finance, Mr.
Wale Edun.
This is sequel to the President’s six-week suspension of the
four (4) programmes under the National Social Investment Programmes Agency
(NSIPA).
A statement issued by the Special Adviser to the President
on Media and Publicity, Ajuri Ngelale, explained that 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 to implement a total re-engineering of the financial architecture of
the programmes with detailed modifications to procedures guiding the
programmes’ implementation moving forward.
The Special Presidential Panel comprises ministers representing strategic sectors and will ensure a multi-disciplinary approach to the reform effort.
Members of the panel are the Coordinating Minister of the
Economy and Minister of Finance, who will serve as the Chairman; the
Coordinating Minister of Health and Social Welfare; the Minister of Budget and
Economic Planning; the Minister of Information and National Orientation; the
Minister of Communications, Innovation, and Digital Economy; and the Minister
of State for Youth.
According to the statement, “President Tinubu anticipates
that this Special Presidential Panel will 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.”
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