In a significant move to revitalize the nation's economy, President Bola Tinubu announced plans to inject N2 trillion into various sectors over the next six months.

This announcement was made during the inauguration of the Presidential Economic Coordination Council (PECC), a body comprising experts from diverse sectors of society and the economy.

During the inauguration ceremony, President Tinubu outlined the results of his review of the accelerated stabilization and advancement plan. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, provided further details, revealing that the emergency funding will primarily benefit the Health, Agriculture, and Energy/Power sectors, among others.

This injection of funds is expected to stimulate economic growth, create jobs, and improve the overall standard of living in the country. The targeted sectors are crucial to the nation's development, and the investment is expected to have a positive ripple effect on the entire economy.

The Presidential Economic Coordination Council (PECC) is tasked with overseeing the implementation of this plan and ensuring that the funds are utilized efficiently. The council's expertise and guidance will be invaluable in achieving the desired economic outcomes.

President Tinubu's announcement has been met with optimism, and many expect this move to mark a significant turning point in the nation's economic journey. As the country looks forward to the positive impact of this investment, the government's commitment to economic growth and development is clear.

He said;

“The President has just inaugurated the Presidential Economic Coordination Council and that is a body that is made up of the President’s Economic Management Team, the Legislature, represented by the leaders of the National Assembly; the Senate President and the Speaker of the House of Representatives, as well as very importantly, the sub-nationals, represented by the chairman of the Nigerian Governors Forum, and, of course, the elite of the private sector.

“They were presented with the outcomes of Mr President’s review of the accelerated stabilization and advancement plan and that was an emergency plan to cover the next six months, which Mr. President had directed that a combination of his own Economic Management Team and the sub nationals, the governor’s level, and the private sector put together for his consideration.

“The song of that very important exercise is that a N2 trillion package involving N350 billion funding for Health and Social Welfare; N500 billion funding for Agriculture and Food Security; N500 billion for the Energy and Power sector and general business support of about N650 billion.

“In addition to a range of policy measures and tax measures, there is a range of executive orders which Mr President has signed and which are being gazetted to ease the cost of doing business at this particular time”