President Tinubu has approved the establishment of a Special Presidential Panel, on social investment programmes, which will be led by the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun.

This is sequel to the President’s six-week suspension of the four (4) programmes under the National Social Investment Programmes Agency (NSIPA).

A statement issued by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, explained that the Special Presidential Panel is tasked with immediately undertaking a comprehensive review and audit of existing financial frameworks and policy guidelines of the social investment programmes to implement a total re-engineering of the financial architecture of the programmes with detailed modifications to procedures guiding the programmes’ implementation moving forward.

The Special Presidential Panel comprises ministers representing strategic sectors and will ensure a multi-disciplinary approach to the reform effort.

Members of the panel are the Coordinating Minister of the Economy and Minister of Finance, who will serve as the Chairman; the Coordinating Minister of Health and Social Welfare; the Minister of Budget and Economic Planning; the Minister of Information and National Orientation; the Minister of Communications, Innovation, and Digital Economy; and the Minister of State for Youth.

According to the statement, “President Tinubu anticipates that this Special Presidential Panel will validate the confidence reposed in it by winning back all lost public confidence in these vital programmes over the years by ushering in a new era of operation based on open and accountable governance frameworks that will prove impervious to abuse and incompetence for the exclusive benefit of disadvantaged households across our nation.”