President Bola Tinubu has announced a N2 trillion economic stabilisation plan to revitalise Nigeria’s struggling economy.
Gatekeepers News reports that the plan, unveiled during the inauguration of the Presidential Economic Coordination Council (PECC), aims to achieve economic revitalization within the next six months.
The PECC, established in March, comprises key government officials and private sector leaders, including Aliko Dangote, Tony Elumelu, and Bismarck Rewane.
Tinubu expressed gratitude to the private sector leaders for their participation, stating, “It is Nigeria that is calling, not a Bola Tinubu. And the hope of the entire nation hangs on you people.”
The president acknowledged the current economic challenges, including high food prices, and expressed his willingness to listen to the private sector for recommendations on stabilising the economy.
He highlighted the government’s plans for a manufacturing stabilization fund and support for micro, small, and medium enterprises (MSMEs).
“We have a challenge thrown at us, and all of us will have to be careful… I believe deeply in the organized private sector. The partnership to drive the economy of this country, for reforms and stabilization that is necessary, give the incentive where we must and leave the market to control the pricing mechanism and consumption,” Tinubu said.
