President Bola Tinubu took a significant step on Sunday night by inaugurating a tripartite Economic Advisory Committee, bringing together representatives from the Federal Government, subnationals, and the private sector.
This strategic move comes in response to the prevailing economic challenges in the nation, exacerbated by the removal of petrol subsidies and the devaluation of the naira.
President Tinubu’s decision reflects a proactive approach to address these issues and foster economic resilience.
The establishment of this committee emerged from a Sunday evening dialogue between President Tinubu and influential figures from the private sector.
Notable attendees included Tony Elumelu, the Chairman of the United Bank for Africa (UBA), Abdul Samad Rabiu, Chairman of the BUA Group, and Aliko Dangote, the President of the Dangote Group.
President Tinubu, in his address, emphasized that the committee’s formation aimed to contribute to the stabilization of the economy and to chart a course that ensures the best possible future for Nigerians.
This collaborative effort signifies a commitment to leveraging the expertise and insights of both public and private sector stakeholders to navigate and overcome the economic challenges facing the nation.
