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Tinubu Announces Injection Of ₦‎2 Trillion Into Economy For Stabilisation - Politics - Nairaland 6h4n2g

Tinubu Announces Injection Of ₦‎2 Trillion Into Economy For Stabilisation (12719 Views)

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Bobloco: 8:52pm On Jul 04, 2024
.....inaugurates council

PRESIDENT Bola Tinubu on Thursday said his istration seeks to inject N2 trillion into the economy in the next six months.

President Tinubu stated this when he inaugurated his Presidential Economic Coordination Council, PECC, drawn from different sectors of society and the economy.

The President at the inauguration, presented the outcomes of his review of the accelerated stabilization and advancement plan.

Briefing State House correspondents after the inauguration, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, gave a breakdown of the areas to benefit the emergency funding to include Health, Agriculture, Energy/Power and other areas.

According to him, “The President has just inaugurated the Presidential economic Coordination Council and that is a body that is made up of the President’s Economic Management Team, the Legislature, represented by the leaders of the National Assembly; the Senate President and the Speaker of the House of Representatives, as well as very importantly, the sub-nationals, represented by the chairman of the Nigerian Governors Forum, and, of course, the elite of the private sector.

“They were presented with the outcomes of Mr. President’s review of the accelerated stabilization and advancement plan and that was an emergency plan to cover the next six months, which Mr. President had directed that a combination of his own Economic Management Team and the sub nationals, the governor’s level, and the private sector put together for his consideration.

“The song of that very important exercise is that a N2 trillion package involving N350 billion funding for Health and Social Welfare; N500 billion funding for Agriculture and Food Security; N500 billion for the Energy and Power sector and general business of about N650 billion.

“In addition to a range of policy measures and tax measures, there is a range of executive orders which Mr. President has signed and which are being gazetted to ease the cost of doing business at this particular time”
, he said.

Also speaking, the Chairman of Heir Holding and founder of Elumelu Foundation, Mr. Tony Elumelu said it was time to put food on the table at an affordable price.

Elumelu, who expressed appreciation to the President for appointing him a member of the Council, said that President Tinubu called for an improvement of daily oil production.

He said with the full participation of the private sector in the Tinubu’s government, things would improve for better and more jobs created.

On his part, President of the Dangote Group, Aliko Dangote said that the Council will sit down and advise the government on the kind of policies to implement for the good of the people.

He said that the private sector will invest heavily on the economy in order to create jobs, adding that the economy could be turned around within months.

Recall that President Tinubu announced the constitution of the Council, which he personally chairs, in a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, of March 27, 2024.

Other hip of the PECC are Vice President Kashim Shettima, Vice-Chairman; President of the Nigerian Senate; Chairman, Nigeria Governors’ Forum; Coordinating Minister for the Economy and Minister of Finance; Governor of the Central Bank of Nigeria; Ministers of Agriculture and Food Security; Aviation and Aerospace Development and Budget and Economic Planning.

Others include Ministers of Communications, Innovation and Digital Economy; Industry, Trade and Investment; Labour and Employment; Marine and Blue Economy; Power; State, Petroleum Resources; State, Gas; Ministers of Transportation and Works.

The PECC, which also comprises 13 key of the organized private sector, ing for a period not exceeding one year, subject to the President’s directive include Alhaji Aliko Dangote, Mr. Tony Elumelu, Alhaji Abdulsamad Rabiu, Ms. Amina Maina, Mr. Begun Ajayi-Kadir, Mrs. Funke Okpeke and Dr. Doyin Salami.

Other PECC from the private sector are Mr. Patrick Okigbo, Mr. Kola Adesina, Mr. Segun Agbaje, Mr. Chidi Ajaere, Mr. Abdulkadir Aliu and Mr. Rasheed Sarumi.
https://www.vanguardngr.com/2024/07/tinubu-announces-injection-of-n2tr-into-sectors-of-the-economy-for-stabilisation/

8 Likes 1 Share

001Lagos: 8:54pm On Jul 04, 2024
Everyday he's got something new to say but got nothing to show for it
.yeye president

132 Likes 11 Shares

omowolewa: 8:55pm On Jul 04, 2024
Praying it gets to the right hand before Dollar start rising

6 Likes

edian: 8:57pm On Jul 04, 2024
Experts Please how will this help

3 Likes

Curious345: 8:58pm On Jul 04, 2024
Confusionist.

We are just waiting for 2027 to kick him out..

49 Likes 7 Shares

LibertyRep: 9:07pm On Jul 04, 2024
Hopefully it won't be funnelled into private and personal s

8 Likes

Finegirl734(f): 9:12pm On Jul 04, 2024
Tired...

1 Like

Yaribanzaonic: 9:14pm On Jul 04, 2024
Audio RONU.. grin

19 Likes 2 Shares

slimfit1(m): 9:15pm On Jul 04, 2024
The North should not get anything otherwise it will end up in the hands of terrorist.
helinues: 9:15pm On Jul 04, 2024
“The song of that very important exercise is that a N2 trillion package involving N350 billion funding for Health and Social Welfare; N500 billion funding for Agriculture and Food Security; N500 billion for the Energy and Power sector and general business of about N650 billion.

Good measure

81 Likes 2 Shares

GreenxGreen: 9:16pm On Jul 04, 2024
Audio ......... Till we see and feel it cool

16 Likes

Nonny95: 9:16pm On Jul 04, 2024
Injection ko.

Nurse Tinubu😂

18 Likes 1 Share

hafeeanubasy: 9:23pm On Jul 04, 2024
Bobloco:
.....inaugurates council

PRESIDENT Bola Tinubu on Thursday said his istration seeks to inject N2 trillion into the economy in the next six months.

President Tinubu stated this when he inaugurated his Presidential Economic Coordination Council, PECC, drawn from different sectors of society and the economy.

The President at the inauguration, presented the outcomes of his review of the accelerated stabilization and advancement plan.

Briefing State House correspondents after the inauguration, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, gave a breakdown of the areas to benefit the emergency funding to include Health, Agriculture, Energy/Power and other areas.

According to him, “The President has just inaugurated the Presidential economic Coordination Council and that is a body that is made up of the President’s Economic Management Team, the Legislature, represented by the leaders of the National Assembly; the Senate President and the Speaker of the House of Representatives, as well as very importantly, the sub-nationals, represented by the chairman of the Nigerian Governors Forum, and, of course, the elite of the private sector.

“They were presented with the outcomes of Mr. President’s review of the accelerated stabilization and advancement plan and that was an emergency plan to cover the next six months, which Mr. President had directed that a combination of his own Economic Management Team and the sub nationals, the governor’s level, and the private sector put together for his consideration.

“The song of that very important exercise is that a N2 trillion package involving N350 billion funding for Health and Social Welfare; N500 billion funding for Agriculture and Food Security; N500 billion for the Energy and Power sector and general business of about N650 billion.

“In addition to a range of policy measures and tax measures, there is a range of executive orders which Mr. President has signed and which are being gazetted to ease the cost of doing business at this particular time”, he said.

Also speaking, the Chairman of Heir Holding and founder of Elumelu Foundation, Mr. Tony Elumelu said it was time to put food on the table at an affordable price.

Elumelu, who expressed appreciation to the President for appointing him a member of the Council, said that President Tinubu called for an improvement of daily oil production.

He said with the full participation of the private sector in the Tinubu’s government, things would improve for better and more jobs created.

On his part, President of the Dangote Group, Aliko Dangote said that the Council will sit down and advise the government on the kind of policies to implement for the good of the people.

He said that the private sector will invest heavily on the economy in order to create jobs, adding that the economy could be turned around within months.

Recall that President Tinubu announced the constitution of the Council, which he personally chairs, in a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, of March 27, 2024.

Other hip of the PECC are Vice President Kashim Shettima, Vice-Chairman; President of the Nigerian Senate; Chairman, Nigeria Governors’ Forum; Coordinating Minister for the Economy and Minister of Finance; Governor of the Central Bank of Nigeria; Ministers of Agriculture and Food Security; Aviation and Aerospace Development and Budget and Economic Planning.

Others include Ministers of Communications, Innovation and Digital Economy; Industry, Trade and Investment; Labour and Employment; Marine and Blue Economy; Power; State, Petroleum Resources; State, Gas; Ministers of Transportation and Works.

The PECC, which also comprises 13 key of the organized private sector, ing for a period not exceeding one year, subject to the President’s directive include Alhaji Aliko Dangote, Mr. Tony Elumelu, Alhaji Abdulsamad Rabiu, Ms. Amina Maina, Mr. Begun Ajayi-Kadir, Mrs. Funke Okpeke and Dr. Doyin Salami.

Other PECC from the private sector are Mr. Patrick Okigbo, Mr. Kola Adesina, Mr. Segun Agbaje, Mr. Chidi Ajaere, Mr. Abdulkadir Aliu and Mr. Rasheed Sarumi.

https://www.vanguardngr.com/2024/07/tinubu-announces-injection-of-n2tr-into-sectors-of-the-economy-for-stabilisation/

Any Injection that is not ing through Nigerian workers is a complete Oars and corruption.

I wish TINUBU knows making workers happy can change the image of his government within a day!

No,his stupid advisers will be telling him that workers are just tiny fraction of the population

7 Likes 2 Shares

EyeCumInPeace: 9:24pm On Jul 04, 2024
This corn3 wahala don injection matter.
The corn3 should be on drip. grin

13 Likes

Nonny95: 9:27pm On Jul 04, 2024
EyeCumInPeace:

This corn3 wahala don injection matter.
The corn3 should be on drip. grin

Nurse Tinubu wan wake up😂

3 Likes 1 Share

Justiceganduje: 9:30pm On Jul 04, 2024
helinues:


Good measure
Wanna be useful in life? Hurry up ok.

4 Likes 1 Share

nedu666: 9:43pm On Jul 04, 2024
2 trillion that some govt officials and well connected private individuals will loot

7 Likes

OkCornel(m): 9:56pm On Jul 04, 2024
Story story, stoooory

Once upon a time in April 2023, Tinubu promised naira will exchange for 300 to the USD in the “short term”

6 Likes 4 Shares

kennyz247(m): 10:00pm On Jul 04, 2024
Lost idea .
Another Looted money

2 Likes

franchasofficia: 10:01pm On Jul 04, 2024
He injected 2 Trillion Naira into his pocket and that of his political appointees, not Nigeria's economy because at the end of the day Nigerians wont feel the positive impact instead we will be hearing EFCC arraign Minister for this and Director for that for looting 1000 billions undecided

10 Likes 4 Shares

obi4eze(m): 10:01pm On Jul 04, 2024
grin

2 Trillion Naira from where, to where?

These people are jokers because this is definitely another conduit pipe for looting.

5 Likes

sanpipita(m): 10:02pm On Jul 04, 2024
Optics that leads to nowhere, in few months they will say they have injected another money, and setup another committee

5 Likes 1 Share

Basicend: 10:02pm On Jul 04, 2024
Convert it to USD, how much is it?

You need to work on your currency.

5 Likes

mrvitalis(m): 10:02pm On Jul 04, 2024
Tinubu and his team don't still get it

You budget 1.1 trillion for roads in fct
15 trillion for one road

But hope a mere 2 trillion can revive a 400 trillion economy?

Not only is the 2 trillion extremely small they don't even know how to apply it

How can a group of people still keep making same mistake

22 Likes 4 Shares

Okoroawusa: 10:03pm On Jul 04, 2024
I Love Bola Ahmed Tinubu

1 Like

Lanre4uonly(m): 10:03pm On Jul 04, 2024
Ok, noted.
Kharol1234: 10:04pm On Jul 04, 2024
Money who na they inject we no they see the effect

1 Like

PlasmaTV: 10:05pm On Jul 04, 2024
Yawns

4 Likes

Creamypie(m): 10:06pm On Jul 04, 2024
Mtchew. After obasanjo, yar Adua, Nigeria no fit get who rule am again

7 Likes

Finegirl734(f): 10:06pm On Jul 04, 2024
shocked
Tekzyflex(m): 10:06pm On Jul 04, 2024
You can deceive the full Nigerians but I swear you can't deceive me.

7 Likes

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