After the suspension of the four programs under the National Social Investment Programmes Agency (NSIPA) for a six-week period, President Bola Tinubu has granted approval for the establishment of a Special Presidential Panel. According to a statement released on Saturday, January 13, by the special adviser on media and publicity, Ajuri Ngelale, this panel will be led by the Coordinating Minister of the Economy and Honourable Minister of Finance, Wale Edun.
The primary responsibility of the Special Presidential Panel, as outlined in the statement, is to conduct an immediate and thorough review and audit of the existing financial frameworks and policy guidelines of the social investment programs. The objective is to implement a complete re-engineering of the financial architecture of the programs, incorporating detailed modifications to the procedures guiding their implementation moving forward.
The Special Presidential Panel comprises ministers representing strategic sectors, ensuring a multi-disciplinary approach to the reform effort. The panel’s membership includes:
President Tinubu expresses the anticipation that this Special Presidential Panel will restore lost public confidence in these crucial programs over the years. The goal is to usher in a new era of operation based on open and accountable governance frameworks that will be resistant to abuse and incompetence, exclusively benefiting disadvantaged households across the nation.
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