President Bola Tinubu has inaugurated an economic advisory committee comprising representatives from the federal government, state governments, and the private sector. This decision followed discussions held between the President and key stakeholders at the State House, Abuja, on Sunday evening.
The move comes amid growing concerns over the deteriorating economic conditions in Nigeria, including the depreciation of the naira, rising inflation, and other challenges impacting the cost of living.
Notable members of the private sector appointed to the committee include Tony Elumelu, Chairman of United Bank for Africa, and Aliko Dangote, Chairman of Dangote Group.
Addressing the gathering, President Tinubu emphasized the committee's objective of stabilizing the economy and ensuring a prosperous future for all Nigerians. He stressed the importance of addressing the needs of various segments of society, from students to farmers, in the quest for economic recovery.
Discussions at the meeting centered on key issues such as food security, job creation, and managing the exchange rate. Dangote, representing the private sector delegation, expressed optimism about the committee's potential impact, emphasizing the importance of collaboration in achieving the goals outlined in President Tinubu's Renewed Hope Agenda.
The establishment of this economic advisory panel signals a concerted effort by the government and private sector to address the challenges facing Nigeria's economy and pave the way for sustainable growth and development.
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