President Bola Tinubu has set up a Special Presidential Panel led by the Coordinating Minister of the Economy and Minister of Finance, Wale Edun, to immediately undertake a comprehensive review and audit of existing financial frameworks and policy guidelines of the social investment programmes.
Special Adviser to the President on Media and Publicity, Ajuri Ngelale disclosed this in a Saturday statement.
The move is sequel to the president’s six-week suspension of the four programmes under the National Social Investment Programmes Agency (NSIPA).
According to the statement, the review is with a view to implementing a total re-engineering of the financial architecture of the social investment programmes with detailed modification to procedures guiding the programmes’ implementation moving forward.
Ngelale said that the Special Presidential Panel comprises ministers representing strategic sectors and will ensure a multi-disciplinary approach to the reform effort.
Other members of the panel are Coordinating Minister of Health and Social Welfare; Minister of Budget and Economic Planning; Minister of Information and National Orientation; Minister of Communicatons, Innovation and Digital Economy; and Minister of State for Youth.
“President Tinubu anticipates that this Special Presidential Panel will validate the confidence reposed in it by winning back all lost public confidence in these vital programmes over the years by ushering in a new era of operation based on open and accountable governance frameworks that will prove impervious to abuse and incompetence for the exclusive benefit of disadvantaged households across our nation,” the statement read in part.