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Tinubu to release N2trn to revamp Nigerian economy

“Today, they were presented with the outcome of the stabilisation emergency plan to cover the next six months, a N2 trillion naira package”

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President Bola Tinubu has promised to revamp the Nigerian economy by injecting about N2 trillion into it to turn its fortunes around within six months.

The Nigerian leader staged this while inaugurating the Presidential Economic Coordination Council (PECC) on Thursday in Abuja.

Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, disclosed to reporters following the inauguration that the N2 trillion initiative will focus on power and energy, as well as agriculture, among other areas.

Edun was flanked by the chairman of Dangote Group, Aliko Dangote; the chairman of Heirs Holding, Tony Elumelu; and the Minister of Budget and Economic Planning, Atiku Bagudu.

He pointed out that the council members are a mix of the best talents and stakeholders available in the country.

He said the PECC is made up of members from the president’s economic team, the National Assembly, and the elite organised private sector.

He added:“Today, they were presented with the outcome of the stabilisation emergency plan to cover the next six months, a N2 trillion naira package.”

Edun said that there are also executive orders signed by the president that are being gazetted to ease the cost of doing business in Nigeria.

According to him, President Tinubu is focused on food security and has asked the Nutrition Council to go to work and provide Nigerians with food at an affordable price.

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