Eko Hot Blog reports that President Bola Ahmed Tinubu has established a special presidential panel on Social Investment Programmes Agency (NSIPA) following a six-week suspension of all programmes administered by the agency.
The latest development was made known in a statement issued on Saturday by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale.
The suspension of the NSIPA programmes results from an ongoing investigation into alleged misconduct in the management of the agency and its programs.
According to the statement released by the Presidential spokesperson, the special panel will be led by the Coordinating Minister of the Economy and Minister of Finance, Wale Edun, alongside other ministers representing strategic sectors.
The statement reads, “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.
“The Special Presidential Panel, which is comprised of ministers representing strategic sectors and will ensure a multi-disciplinary approach to the reform effort, is made up of the following members:
(1) Coordinating Minister of the Economy and Minister of Finance – Chairman
“President Tinubu 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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