In a significant move aimed at reshaping Nigeria’s social investment landscape, President Bola Tinubu has approved the establishment of a special presidential panel on social investment programmes.
The panel, led by Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun, is tasked with conducting a thorough review and audit of existing financial frameworks and policy guidelines within the National Social Investment Programmes Agency (NSIPA).
The decision to form the special panel follows President Tinubu’s directive on Friday, suspending four social investment programmes under NSIPA for a period of six weeks. The announcement was made through a press release by the presidential spokesperson, Ajuri Ngelale, on Saturday.
The special presidential panel holds the responsibility of not only reviewing but also implementing a comprehensive re-engineering of the financial architecture of social investment programmes. This includes detailed modifications to procedures guiding their future implementation.
Key members appointed to the special presidential panel and their designations include:
Wale Edun: Chairman of the Special Presidential Panel; Coordinating Minister of the Economy and Minister of Finance
Prof. Ali Pate: Member of the Special Presidential Panel; Coordinating Minister of Health and Social Welfare
Atiku Bagudu: Member of the Special Presidential Panel; Minister of Budget and Economic Planning
Mohammed Idris: Member of the Special Presidential Panel; Minister of Information and National Orientation
Bosun Tijani: Member of the Special Presidential Panel; Minister of Communications, Innovation And Digital Economy
Ayodele Olawande: Member of the Special Presidential Panel; Minister of State for Youth Nigeria
The president’s expectation is that this special panel will not only restore public confidence in social investment programmes but also usher in a new era of open and accountable governance frameworks.
The aim is to create a system impervious to abuse and incompetence, exclusively benefiting disadvantaged households across the nation
