President Bola Ahmed Tinubu has approved the establishment of a Special Presidential Panel to be led by the Coordinating Minister of the Economy and the Minister of Finance, Mr. Wale Edun.
The Special Panel is tasked with the responsibilities of undertaking an immediate comprehensive review and audit of existing financial frameworks and policy guidelines of the social investment programmes.
This is to ensure the implementation of total re-engineering of the financial architecture of the programmes.
A statement from the President’s Spokesperson, Ajuri Ngelale said that the constitution of the Special Presidential Panel is sequel to the six-week suspension of the four (4) programmes under the National Social Investment Programmes Agency, NSIPA, by President Tinubu.
The re-evaluation of the programme is also to include detailed modification to procedures guiding the programmes’ implementation moving forward.
Other members of the Presidential panel include; Coordinating Minister of Health and Social Welfare – Ali Pate, Minister of Budget and Economic Planning – Member, Atiku Bagudu , Minister of Information and National Orientation – Member, Idris Mohammed.
The Minister of Communications, Innovation and Digital Economy – Member, Bosun Tijani and the Minister of State for Youth -member are also members.
President Tinubu expects that the Special Presidential Panel will validate the confidence reposed in it by recovering the lost public confidence in the vital programmes over the years by ushering in a new era of operation based on open and accountable governance and frameworks.
President Bola Tinubu had ordered the suspension of all programmes being overseen by the National Social Investment Programme Agency, NSIPA .
This followed a recent financial scandal revealed concerning the management of the programmes.
The President also directed that all NSIPA-related activities, including distributions, events, payments, collaborations and registrations, be suspended pending the outcome of an investigation.
Mercy Chukwudiebere
Comments are closed.