The Federal Government has presented the outcomes of its review of the accelerated stabilization and advancement plan, which seeks to inject N2tn into the economy in the next six months.
President Bola Tinubu on Thursday said his administration is determined to increase crude oil production to two million barrels per day in the next few months and generate more electricity for Nigerians.He described Nigeria’s current power generation and crude oil production as’ shameful’.On Thursday, Tinubu said this when he inaugurated a 31-member Presidential Economic Coordination Council at the Aso Rock Villa, Abuja.
The committee comprises himself, Vice President Kashima Shettima, Senate President Godswill Akpabio, the Chairman of the Nigerian Governors Forum, Governor Abdulrahman Abdulrazaq of Kwara State, and the Governor of the Central Bank of Nigeria Governor, Yemi Cardoso.
The PECC also comprises 13 persons drawn from the organized private sector, including the Chairman of Dangote Group, Aliko Dangote; UBA Chairman, Mr. Tony Elumelu; BUA Founder, Abdulsamad Rabiu, among others, who would serve on the Council for one year.