President Bola Ahmed Tinubu has approved the establishment of a Special Presidential Panel aimed at overhauling the financial frameworks and policy guidelines governing the National Social Investment Programmes (NSIP) following recent financial irregularities.
Led by the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun, the Special Panel is charged with the immediate and comprehensive review and audit of existing financial structures related to the social investment programs. The ultimate goal is to ensure the total re-engineering of the financial architecture governing these programs.
The President’s Spokesperson, Ajuri Ngelale, announced the decision to form the Special Panel in a statement. Ngelale explained that the move comes in the wake of a six-week suspension of the four programs under the NSIP, as ordered by President Tinubu.
The suspended programs fall under the National Social Investment Programmes Agency (NSIPA), and their suspension follows recent revelations of financial mismanagement associated with their administration.
The Special Presidential Panel, aside from Mr. Wale Edun, will include key figures such as Coordinating Minister of Health and Social Welfare, Ali Pate; Minister of Budget and Economic Planning, Atiku Bagudu; Minister of Information and National Orientation, Idris Mohammed; Minister of Communications, Innovation and Digital Economy, Bosun Tijani; and the Minister of State for Youth.
The panel’s primary task is to thoroughly re-evaluate the NSIP, introducing detailed modifications to procedures governing the implementation of the programs moving forward. President Tinubu expects the panel to restore public confidence in these vital programs, emphasizing a new era of operations founded on open and accountable governance and frameworks.
