President Bola Tinubu has inaugurated the Presidential Economic Coordination Council (PECC) and launched the Economic Stabilisation Programme to tackle Nigeria’s economic challenges.
_Economic Stabilisation Programme Aims to Increase Oil Production, Improve Energy Security, and Enhance Food Security_
The programme encompasses four key areas: Energy Security, Agriculture and Food Security, Health and Social Welfare, and Fiscal Measures.
_Tinubu Committed to Finding Solutions, Not Apportioning Blame – Vice President Shettima_
Vice-President Kashim Shettima emphasized President Tinubu’s commitment to finding solutions rather than apportioning blame.
_Accelerated Stabilization and Advancement Plan Outlines Key Economic Issues to be Addressed in 2024_
The Coordinating Minister of the Economy and Minister of Finance, Wale Edun, presented the highlights of the plan, which details economic issues to be resolved in 2024 by sub-committees in key sectors.
_Presidential Economic Coordination Council Members Include Senate President, Speaker of the House, and Prominent Private Sector Leaders_
The 31-member council comprises esteemed individuals from the public and private sectors, including Aliko Dangote, Tony Elumelu, and Abdul Samad Rabiu.
_Tinubu Unveils Fiscal Measures to Improve Access to Finance for MSMEs, Housing Sector, and Manufacturing Sector_
The measures include support for new and existing youth-owned enterprises, MSME support, a Manufacturing Stabilisation Fund, Sub-national Matching Fund, and Mortgage Finance Acceleration Facility.
_Fiscal Measures Aim to Create 4.7 Million Direct and Indirect Jobs over Six to 12-Month Period_
President Tinubu stated that these fiscal measures will improve access to finance for MSMEs and create jobs.
Note: NAN stands for News Agency of Nigeria, the official news agency of the Federal Republic of Nigeria.