In response to President Bola Tinubu’s six-week suspension of the National Social Investment Programmes Agency (NSIPA), a Special Presidential Panel has been established. The coordinating minister of the economy and minister of finance, Mr. Wale Edun, will lead the panel.
The primary task of the panel is to conduct a comprehensive review and audit of the existing financial frameworks and policy guidelines of the social investment programmes. The goal is to implement a total re-engineering of the financial architecture with detailed modifications to procedures guiding the programmes’ implementation moving forward.
The Special Presidential Panel includes members representing strategic sectors for a multi-disciplinary approach to the reform effort. The members are the Coordinating Minister of Health and Social Welfare, Minister of Budget and Economic Planning, Minister of Information and National Orientation, Minister of Communications, Innovation and Digital Economy, and Minister of State for Youth.
The panel is expected to restore public confidence in the social investment programmes by introducing open and accountable governance frameworks, immune to abuse and incompetence, for the exclusive benefit of disadvantaged households across the nation.
