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₦2 Trillion: Tinubu Announces Massive Investment To Stabilize Economy
President Bola Tinubu announces a ₦2 trillion investment in critical sectors like Health, Agriculture, Energy/Power, and others to accelerate economic stabilization and advancement.
EKO HOT BLOG reports that President Bola Tinubu has announced a bold plan to inject ₦2 trillion into key sectors of the economy over the next six months. This significant investment aims to accelerate economic stabilization and advancement, paving the way for a brighter future for Nigerians.
The President made this announcement during the inauguration of his Presidential Economic Coordination Council (PECC) at the State House in Abuja.
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The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared details of the plan with journalists after the event.
He was joined by other council members, including the Minister of Budget and Economic Planning, Abubakar Bagudu, and prominent business leaders Aliko Dangote and Tony Elumelu.
According to Edun, the sectors set to benefit from this investment include Health, Agriculture, Energy/Power, and other critical areas.
He emphasized that the Presidential Economic Coordination Council brings together a diverse group of stakeholders, including the President’s Economic Management Team, legislative leaders, state governors, and private sector leaders, to work towards a common goal of economic growth and development.
₦2 Trillion Investment
This significant investment and collaborative approach demonstrate President Tinubu’s commitment to driving economic progress and improving the lives of Nigerians.
“They were presented with the outcomes of Mr. President’s review of the accelerated stabilization and advancement plan and that was an emergency plan to cover the next six months, which Mr. President had directed that a combination of his own Economic Management Team and the sub nationals, the governor’s level, and the private sector put together for his consideration.
“The song of that very important exercise is that a N2 trillion package involving N350 billion funding for Health and Social Welfare; N500 billion funding for Agriculture and Food Security; N500 billion for the Energy and Power sector and general business support of about N650 billion.
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“In addition to a range of policy measures and tax measures, there is a range of executive orders which Mr. President has signed and which are being gazetted to ease the cost of doing business at this particular time”
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