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Home Economy

Economic Crisis: Edun, Cardoso, Kyari, others to lead Tinubu’s emergency economic taskforce

Cyrus Ademola by Cyrus Ademola
March 27, 2024
in Economy
Foreign debt service gulps 50% of Nigeria’s official dollar outflows in 2023
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President Bola Tinubu has established an Economic Management Team Emergency Taskforce (EET), tasked with creating and executing a unified emergency economic strategy.

This is contained in a statement by the presidential spokesperson, Ajuri Ngelale, on Wednesday in Abuja.

The task force, an extension of the Economic Management Team led by Finance Minister Wale Edun, is required to present a detailed economic intervention plan for 2024 to the PECC, spanning the upcoming six months.

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Ngelale mentioned that the EET is scheduled to convene twice a week to develop and execute a unified emergency economic plan.

The emergency economic task force includes the finance minister Wale Edun, CBN governor Yemi Cardoso, the Minister of Power Adebayo Adelabu, four state governors, and other principal figures from both public and private sectors.

  • “In his determination to address immediate economic challenges and ensure the streamlined execution of economic strategies, President Bola Tinubu has established the Economic Management Team Emergency Taskforce (EET) with a mandate to formulate and implement a consolidated emergency economic plan.
  • “The task force comprises key government officials and industry leaders in furtherance of the President’s collaborative approach toward achieving economic resilience and growth.
  • “The EET is now mandated to submit a comprehensive plan of economic interventions for 2024 to the PECC, covering the next six (6) months, for immediate implementation within two weeks of its inauguration,” Ngelale said.

Lists of the members of the Economic Taskforce

The EET is composed of the following members:

  • Coordinating Minister for the Economy and Minister of Finance (Chairman of the EET)
  • Minister of Budget and Economic Planning
  • Minister of Power
  • Minister of Agriculture and Food Security
  • Coordinating Minister of Health and Social Welfare
  • Minister of Industry, Trade and Investment
  • Governor of the Central Bank of Nigeria
  • National Security Adviser
  • Chairman, Nigeria Governors’ Forum
  • Governor of Anambra State
  • Governor of Ogun State
  • Governor of Niger State
  • Executive Chairman, Federal Inland Revenue Service
  • Director-General, Budget Office of the Federation
  • GCEO, NNPC Limited
  • Director-General, Nigeria Economic Summit Group
  • Special Adviser to the President on Energy
  • Dr. Bismarck Rewane, Economist
  • Dr. Suleyman Ndanusa, Economist

Follow us for Breaking News and Market Intelligence.
Tags: economic crisisEmergency Economic TaskforceKyariPresident TinubuWale EdunYemi Cardoso
Cyrus Ademola

Cyrus Ademola

  • Cyrus Ademola is an energy and economy analyst with over half a decade experience in journalism, research-based oped, economic reportage and energy analysis. His works have been featured on different media outlets, covering from oil and gas to business trends.

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