President Bola Tinubu has approved the formation of a Special Presidential Panel to immediately undertake a comprehensive review and audit of existing financial frameworks and policy guidelines of the social investment programmes.
This followed the suspension of the four programmes under the National Social Investment Programmes Agency (NSIPA) for six weeks by the President.
According to a statement issued on Saturday, by the special adviser on media and publicity, Ajuri Ngelale, the panel will be headed by the Coordinating Minister of the Economy and Honourable Minister of Finance, Wale Edun.
According to Ngalale, the Special Presidential Panel was formed to implement 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 is comprised of ministers representing strategic sectors and will ensure a multi-disciplinary approach to the reform effort, is made up of the following members:
(1) Coordinating Minister of the Economy and Minister of Finance – Chairman
(2) Coordinating Minister of Health and Social Welfare – Member
(3) Honourable Minister of Budget and Economic Planning – Member
(4) Honourable Minister of Information and National Orientation – Member
(5) Honourable Minister of Communications, Innovation and Digital Economy – Member
(6) Honourable Minister of State for Youth – Member.
