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Tinubu Unveils Special Presidential Panel On Social Investment Programmes

The Panel is tasked with immediately undertaking a comprehensive review and audit of existing financial frameworks and policy guidelines of the Social Investment Programmes.

by NewsOnline Nigeria
January 14, 2024
in Headline, Top Stories
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President Tinubu

Tinubu has unveiled a Special Presidential Panel on Social Investment Programmes.

 

NewsOnline Nigeria reports that President Bola Ahmed Tinubu has announced a special Presidential Panel on Social Investment Programmes.

 

This Nigeria news platform understands that Ajuri Ngelale, presidential spokesperson, disclosed this in a statement on Saturday.

 

ALSO: Disquiet As Yemi Cardoso Move To Relocate Major CBN Departments Back To Lagos

 

The President gave the Minister of Finance, Wale Edun, the nod to head the Special Panel.

 

The Panel is tasked with immediately undertaking a comprehensive review and audit of existing financial frameworks and policy guidelines of the Social Investment Programmes.

 

It will also implement a total re-engineering of the financial architecture of the programmes with detailed modification to procedures guiding the programmes’ implementation moving forward.

 

The Panel consists of the following members:

Coordinating Minister of the Economy and Minister of Finance – Chairman;

Coordinating Minister of Health and Social Welfare – Member

Honourable Minister of Budget and Economic Planning – Member

Honourable Minister of Information and National Orientation – Member

Honourable Minister of Communications, Innovation and Digital Economy – Member

Honourable Minister of State for Youth – Member

 

NewsOnline Nigeria reports that the development follows the suspension of the N-Power Programme, the Conditional Cash Transfer Programme and two other programmes administered by the National Social Investment Programme, NSIPA.

 

The programmes were suspended to give way for a thorough probe of the agency and the Humanitarian Affairs and Poverty Alleviation Ministry.

 

NewsOnline Nigeria recalls that on January 2nd 2024, Tinubu suspended Halima Shehu, the national Coordinator of the National Social Investment Programme Agency, over financial misappropriation.

 

Days after, the President suspended the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, over N585 million corruption allegations.

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