Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun has been appointed as chairman of a Special Presidential Panel for the overhaul of the National Social Investment Programmes (NSIP), following revelations of alleged corruption in the scheme.
Special Adviser on Media and Publicity to the President, Ajuri Ngelale in a statement Saturday said that the 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.
According to Ngelale, the over all intention is to implement a total re-engineering of the financial architecture of the programmes with detailed modification to procedures guiding the programmes’ implementation moving forward.
“Sequel to President Bola Tinubu’s six-week suspension of the four (4) programmes under the National Social Investment Programmes Agency (NSIPA), he has approved the establishment of a Special Presidential Panel, which will be led by the Coordinating Minister of the Economy and Honourable Minister of Finance, Mr. Wale Edun.
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“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
(2) Coordinating Minister of Health and Social Welfare – Member
(3) Honourable Minister of Budget and Economic Planning – Member
(4) Honourable Minister of Information and National Orientation – Member
(5) Honourable Minister of Communicatons, Innovation and Digital Economy – Member
(6) Honourable Minister of State for Youth – Member.
Ngelale added that it is President Tinubu’s anticipation that the Special Presidential Panel will validate the confidence reposed in it by winning back all lost public confidence in the vital programmes over the years.
He expressed the optimism that by so doing they will usher 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 the nation.
