By Marcel Okeke
Recently, to the chagrin and perhaps, bewilderment of most Nigerians, the President Muhammadu Buhari-led Federal Government inaugurated a ‘Presidential Committee on the National Economy’—just about 35 weeks to the end of the eight-year (two terms) tenure of the Administration. Truly, not a few Nigerians were stupefied by this ‘eleventh hour’ or ‘injury time’ move of the Government at the Centre—justifiably for numerous reasons.
More surprisingly, for the first time in the over seven-year-long life of the Administration, Mr. President himself assumed headship of the economic team—and presided over its inaugural meeting on Friday, September 9, 2022. About the same time, the National Economic Council (NEC), putatively headed by the Vice President, was reportedly ‘rushing out’ a National Social Protection Policy (NSPP)—to be ratified and approved ‘soon’ by the Federal Executive Council.
At the inauguration of the new Presidential Economic Team, President Buhari said: “this Committee will provide our nation an opportunity to be bold, more proactive, and innovative in tackling persistent challenges”, adding that “the work with which I have tasked the assembled team will enable us respond more swiftly and efficiently.”
