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HomeBusinessTinubu initiates a tripartite economic advisory committee to propel economic stability

Tinubu initiates a tripartite economic advisory committee to propel economic stability

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President Bola Tinubu has taken a bold step towards economic stabilisation by establishing a tripartite Economic Advisory Committee.

This committee, comprising representatives from the Federal Government, sub-national entities, and the organised private sector, aims to collaboratively address economic challenges and drive growth.

Tinubu convened a crucial meeting attended by governors, ministers, and prominent private sector figures, emphasizing the necessity of aligning diverse stakeholders behind his economic growth and diversification plan.

The move seeks to garner support from the business community and encourage increased investments, both domestically and internationally.

Sources within the administration reveal that the meeting serves the purpose of mobilising stakeholders, particularly the business class and governors, around government policies to attract more investments.

Tinubu’s initiative aligns with his administration’s pursuit of economic revival and collaboration with key players.

Key figures present at the meeting included Vice President Kashim Shettima, Governors Dapo Abiodun (Ogun), Charles Soludo (Anambra), and influential private sector leaders such as Aliko Dangote, Abdul Samad Rabiu, Tony Elumelu, and others.

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During the meeting, Tinubu conveyed his concerns for the welfare of ordinary Nigerians and urged collective efforts to analyse and rectify economic flaws.

He expressed a commitment to finding solutions that would enhance the lives of citizens and instill confidence in economic recovery.

Addressing the attendees, Tinubu underscored the importance of considering both successful endeavours and shortcomings in revitalising the economy.

He stated,‘We are not saying that we have all the answers, but we will not be blamed for not trying.’ The focus is on devising a comprehensive economic strategy to navigate challenges and provide hope for Nigerians.

At the meeting’s conclusion, members of the newly constituted committee expressed optimism about their task’s focus and potential impact on the economy and citizens’ lives.

Governor Abiodun pledged state-level efforts to alleviate economic hardships, while Governor Soludo highlighted the committee’s commitment to periodic evaluations of action plans.

Dangote, expressing confidence in the discussions, emphasised the nation’s capability to overcome economic challenges, especially in areas of job creation, food security, and overall economic resurgence.

Abdul Samad Rabiu provided insights into ongoing efforts to stabilise the foreign exchange market, labelling the naira’s weakness as artificial and expressing faith in corrective measures.

Tony Elumelu concluded the meeting with optimism, expressing enthusiasm about implementing decisions to drive economic growth, alleviate poverty, create employment, and improve living standards.

The consensus among attendees points towards a united effort to steer Nigeria towardss economic recovery and prosperity.

(Edited by Oludare Mayowa; omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138)

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