Wale Edun-led EET to Implement Consolidated Emergency Economic Plan

By Aduragbemi Omiyale

In his determination to address immediate economic challenges and ensure the streamlined execution of economic strategies, President Bola Tinubu on Wednesday approved the creation of an Economic Management Team Emergency Taskforce (EET).

The EET, according to a statement issued in Abuja, has been mandated to formulate and implement a consolidated emergency economic plan.

The team, chaired by the Coordinating Minister for the Economy and Minister of Finance, Mr Wale Edun, serves as the working group under the Presidential Economic Coordination Council (PECC), playing a crucial role in the economic governance structure established by the President.

The taskforce comprises key government officials and industry leaders in furtherance of Mr Tinubu’s collaborative approach toward achieving economic resilience and growth.

The EET, which will meet two times a week, is now mandated to submit a comprehensive plan of economic interventions for 2024 to the PECC, covering the next six months, for immediate implementation within two weeks of its inauguration.

It has as members the Minister of Budget and Economic Planning, the Minister of Power, the Minister of Agriculture and Food Security, the Coordinating Minister of Health and Social Welfare, the Minister of Industry, Trade and Investment, the Governor of the Central Bank of Nigeria (CBN), the National Security Adviser, the Chairman of the Nigeria Governors’ Forum, the Governor of Anambra State, the Governor of Ogun State, the Governor of Niger State, the Executive Chairman of the Federal Inland Revenue Service (FIRS), the Director-General of the Budget Office of the Federation, the chief executive of the Nigerian National Petroleum Company (NNPC) Limited, the Director-General of the Nigeria Economic Summit Group (NESG), the Special Adviser to the President on Energy, Mr Bismarck Rewane, and Mr Suleyman Ndanusa.