Sequel to President Bola Tinubu’s 6-week suspension of the four programmes under the National Social Investment Programmes Agency (NSIPA), President Tinubu has approved the establishment of a Special Presidential Panel, to be led by the Coordinating Minister of the Economy and Honourable Minister of Finance, Mr. Wale Edun.
This 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 which comprises ministers representing strategic sectors would ensure a multi-disciplinary approach to the reform effort.
The panel, chaired by the Coordinating Minister of the Economy and Minister of Finance, Olawale Edun, includes Coordinating Minister of Health and Social Welfare and Honourable Minister of Budget and Economic Planning as members.
Other members are Honourable Minister of Information and National Orientation, Honourable Minister of Communicatons, Innovation and Digital Economy and Honourable Minister of State for Youth.
President Tinubu, according to a statement by the Presidential Adviser on Media and Publicity, Ajuri Ngelale, anticipated that the Special Presidential Panel would validate the confidence reposed in it by winning back all lost public confidence in the vital programmes over the years by ushering in a new era of operation based on open and accountable governance frameworks that would prove impervious to abuse and incompetence for the exclusive benefit of disadvantaged households across the nation.
