Barely days after he announced a six-week suspension of the four programmes under the National Social Investment Programmes Agency (NSIPA), President Bola Tinubu this Saturday, January 13, 2024 approved the establishment of a Special Presidential Panel, which will be led by the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun.

“This 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 with a view to implementing a total re-engineering of the financial architecture of the programmes with detailed modification to procedures guiding the programmes’ implementation moving forward,” Presidential Spokesman Ajuri Ngelale said in a statement.

He said that the panel is to “ensure a multi-disciplinary approach to the reform effort”, and comprises the following members:

(1) Coordinating Minister of the Economy and Minister of Finance - Chairman

(2) Coordinating Minister of Health and Social Welfare - Member

(3) Honourable Minister of Budget and Economic Planning - Member

(4) Honourable Minister of Information and National Orientation - Member

(5) Honourable Minister of Communications, Innovation and Digital Economy - Member

(6) Honourable Minister of State for Youth - Member

“President Tinubu,” according to Ngelale, “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.”

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