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Tony Elumelu, Dangote Others Named As PECC Members As President Tinubu Establishes Comprehensive Economic Coordination And Planning System For Nigeria

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In a strategic move to bolster the nation’s economic governance frameworks and ensure robust and coordinated economic planning and implementation, President Bola Ahmed Tinubu has approved the establishment of the Presidential Economic Coordination Council (PECC) and the creation of the Economic Management Team Emergency Taskforce (EET).

The Presidential Economic Coordination Council (PECC) comprises distinguished leaders and key government officials, including:

(1) President of the Federal Republic of Nigeria – Chairman of the PECC

(2) Vice-President of the Federal Republic of Nigeria – Vice-Chairman of the PECC / NEC Chairman

(3) President of the Nigerian Senate

(4) Chairman, Nigeria Governors’ Forum

(5) Coordinating Minister for the Economy and Minister of Finance

(6) Governor of the Central Bank of Nigeria

(7) Minister of Agriculture and Food Security

(8) Minister of Aviation and Aerospace Development

(9) Minister of Budget and Economic Planning

(10)Minister of Communications, Innovation and Digital Economy

(11)Minister of Industry, Trade and Investment

(12)Minister of Labour and Employment

(13) Minister of Marine and Blue Economy

(14) Minister of Power

(15)Minister of State, Petroleum Resources

(16)Minister of State, Gas

(17)Minister of Transportation

(18)Minister of Works

The PECC will also comprise key members of the organized private sector, with the following members joining for a period not exceeding one (1) year, subject to the President’s directive:

(1) Alhaji Aliko Dangote

(2) Mr. Tony Elumelu

(3) Alhaji Abdulsamad Rabiu

(4) Ms. Amina Maina

(5) Mr. Begun Ajayi-Kadir

(6) Mrs. Funke Okpeke

(7) Dr. Doyin Salami

(8) Mr. Patrick Okigbo

(9) Mr. Kola Adesina

(10)Mr. Segun Agbaje

(11)Mr. Chidi Ajaere

(12)Mr. Abdulkadir Aliu

(13)Mr. Rasheed Sarumi

Furthermore, 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 taskforce 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. The EET will meet twice weekly and is composed of the following members:

(1) Coordinating Minister for the Economy and Minister of Finance (Chairman of the EET)

(2) Minister of Budget and Economic Planning

(3) Minister of Power

(4) Minister of Agriculture and Food Security

(5) Coordinating Minister of Health and Social Welfare

(6) Minister of Industry, Trade and Investment

(7) Governor of the Central Bank of Nigeria

(8) National Security Adviser

(9) Chairman, Nigeria Governors’ Forum

(10) Governor of Anambra State

(11)Governor of Ogun State

(12)Governor of Niger State

(13)Executive Chairman, Federal Inland Revenue Service

(14)Director-General, Budget Office of the Federation

(15)GCEO, NNPC Limited

(16) Director-General, Nigeria Economic Summit Group

(17)Special Adviser to the President on Energy

(18)Dr. Bismarck Rewane, Economist

(19)Dr. Suleyman Ndanusa, Economist

The Economic Management Team, established in October 2023, and chaired by the Coordinating Minister for the Economy and Minister of Finance, 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 EMT traditionally meets monthly or as required, but will now suspend its meetings for the duration of the EET’s mandate (six months). The EMT is composed of the following officials:

(1) Coordinating Minister for the Economy and Minister of Finance (EMT Chairman)

(2) Governor of the Central Bank of Nigeria

(3) Minister of Budget and Economic Planning

(4) Minister of Industry, Trade and Investment

(5) Minister of Communications, Innovation and Digital Economy

(6) Minister of Works

(7) Minister of Labour and Employment

(8) Minister of Agriculture and Food Security

(9) Minister of State, Petroleum Resources

(10) Minister of State, Gas

(11) Minister of Power

(12) Minister of Transportation

(13) Minister of Aviation and Aerospace Development

(14) Minister of Marine and Blue Economy

The Chairman of the EMT may, as needed, call on any Federal Minister or Head of Agency to brief the EMT on key programmes and developments affecting the economy.

The President’s formation of the PECC, under his Chairmanship, alongside the creation of the EET, led by the Chairman of the EMT, and the EMT itself, is the manifestation of a unified strategy aimed at enhancing Nigeria’s economic management architecture for verifiably improved performance. The formation of these teams will complement existing economic governance structures, including the National Economic Council (NEC), which is chaired by the Vice-President.

Over the next six months, the EET will focus on the rapid implementation, monitoring, and evaluation of critical initiatives, strengthening the Tinubu-led administration’s collective approach to advancing Nigeria’s economic objectives.

BIG STORY

NSA Ribadu Tells Canada To “Go To Hell” For Denying Military Chiefs Visas

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In a significant diplomatic snub, Canada has refused to grant visas to Nigeria’s Chief of Defence Staff (CDS), Gen. Christopher Musa, and several other senior military officers for an official event. Speaking on Thursday, February 13, 2025, at the first annual lecture of the National Association of the Institute for Security Studies (AANISS) in Abuja, National Security Adviser (NSA) Nuhu Ribadu voiced his dissatisfaction, telling Canada “to go to hell.”

The officials were scheduled to participate in a ceremony in Canada honoring war veterans, but only a part of the delegation was granted visas, sparking strong reactions from Nigerian authorities.

Ribadu and Musa discussed the matter at the inaugural lecture of the Alumni Association of the National Institute for Security Studies (AANISS). The event, attended by security experts and government officials, highlighted national security and international collaboration.

Ribadu labeled the visa denial as disrespectful, while Musa stressed that Nigeria needs to assert itself internationally and no longer be taken lightly. Musa reflected on how his team had been invited to the veterans’ event, only to be hit with an unexpected setback when some members of the delegation were denied entry. He viewed the incident as a reminder for Nigeria to bolster its independence and strength.

He stated, “Every disappointment is a blessing. Yesterday, I was meant to be in Canada for an event to honor our veterans… half of us have gone, and half have been denied. It’s very disappointing. It’s a clear reminder that the country must stand on its own, stand strong as a nation, and should no longer be taken for granted.”

Ribadu commended Musa for his leadership in tackling security issues and underscored the importance of national advancement. He remarked, “Thank you for having the courage to say Canada denied you visas. They can go to hell. Even though it’s painful and disrespectful, we are peaceful and strong, and I agree with you that it is time to fix our country.”

The visa rejection raises concerns about Canada’s position on Nigerian military officials and its broader diplomatic relationship with Nigeria. While the exact reasons for the denial remain unclear, the incident has shed light on the bureaucratic and political obstacles Nigerian officials face in international dealings.

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BIG STORY

Gbenga Adeyinka D’1st Gears Up For Laffmattazz “About Time World Tour”

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Iconic Nigerian comedian, Gbenga Adeyinka D’1st, is set to embark on a global comedy tour, bringing laughter and excitement to fans around the world.

The Laffmattazz tagged “About Time World Tour” promises to be an unforgettable experience, featuring Gbenga Adeyinka D’1st’s unique brand of comedy and other amazing comedians.

The tour will kick off in Nigeria, with shows in Ibadan, Akure, Abeokuta, and Lagos.

From there, Gbenga Adeyinka D’1st will take his comedy to the global stage, performing in the UK, Canada, and the USA.

“We are thrilled to announce the Laffmattazz World Tour, which promises to be an epic comedy experience,” said Gbenga Adeyinka D’1st.

When asked what his fans should expect, Gbenga Adeyinka D’1st said “We have an amazing lineup of shows planned, and we can’t wait to bring laughter and joy to our fans around the world.”

The Laffmattazz World Tour is set to be a hilarious and entertaining experience, featuring Gbenga Adeyinka D’1st’s signature comedy style, which blends humor, storytelling, and audience interaction.

For more information on the Laffmattazz World Tour, including tour dates, venues, and ticket information, follow us on social media @gbengaadeyinka1stgcon @Laffmattazz_ga1st

Join the conversation on social media using the hashtag #LaffmattazzWorldTour.

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BIG STORY

Our Matriarch Has Returned To Her Creator

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With a heavy heart and complete submission to the will of Almighty Allah, we announce the passing of our beloved mother, Mrs Mojisola Norinatu Adebayo Nee Adelakun who departed this world on the evening of Tuesday, February 11, 2025.

Fondly known as Iya Wale, she lived a remarkable 68years filled with love, kindness, and wisdom. She was a pillar of strength who taught us patience, tolerance, and, above all, the true essence of love. Her presence touched many lives, and her legacy of compassion will forever remain in our hearts.

Though my siblings and I deeply mourn her loss, we take solace in the knowledge that she has returned to her Creator. In accordance with Islamic rites, she was laid to rest on Wednesday, February 12, 2025.

As we reflect on her impactful life, the family will hold the 8th Day Fidau prayers next week to honor her memory. We kindly ask for your prayers and support during this difficult time.

May Allah grant her eternal rest and admit her into Al-Jannah Firdaus.

 

Dr. Abiola Adebayo

For the Family

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