A day after suspending the National Social Investment Programmes, NSIP, President Tinubu on Saturday approved the setting of a special presidential panel on the programmes.
A statement on Saturday by presidential Spokesman, Chief Ajuri Ngelale, said the panel will be headed by Mr Wale Edun, the Coordinating Minister of the Economy and Honourable Minister of Finance.
“Sequel to President Bola Tinubu’s six-week suspension of the four (4) programmes under the National Social Investment Programmes Agency (NSIPA), President Tinubu has approved the establishment of a Special Presidential Panel, which will be led by the Coordinating Minister of the Economy and Honourable Minister of Finance, Mr. Wale Edun,” Ngelale said in the statement.
He added that the panel is tasked with immediately undertaking a comprehensive review and audit of existing financial frameworks and policy guidelines of the social investment programmes.
He said this is 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.
“The Special Presidential Panel which is comprised of ministers representing strategic sectors and will ensure a multi-disciplinary approach to the reform effort”, the statement said.
Other members of the panel include the ministers of Health and Social Welfare, Budget and Economic Planning, Information and National Orientation, Communications, Innovation and Digital Economy and minister of State for Youth as members.
Ngelale conveyed President Tinubu’s anticipation that this panel will validate the confidence reposed in it by winning back all lost public confidence in these vital programmes over the years.
The president noted that the panel is expected to do this 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.
