Victor EzejaThe Economic Management Team’s Emergency Taskforce (EET), has designed a comprehensive plan to restore economic stability in Nigeria.
The proposed emergency package, tagged Accelerated Stabilisation and Actualisation Plan, was presented to President Bola Ahmed Tinubu at the, State House, Abuja by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Wednesday.
According to a statement by Mohammed Manga, Director, Information and Public Relations, Ministry of Finance, the Minister while making the presentation, explained that the plan aims to alleviate the impact of high cost of things on families, farmers, and businesses, in line with the Renewed Hope agenda.
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Manga said the minister proposed the plan to Mr. President and the Presidential Economic Coordination Council.
“The Minister informed further that the Plan, in addition with Executive Orders being developed by the Presidential Committee on Fiscal Policy and Tax Reforms to stem inflation, support employment and promote non-oil exports will bolster the impact of the stabilisation plan.
“He expressed confidence that the plan developed by the EET will help restore economic stability, promote growth, and improve the overall well-being of Nigerians,” Manga stated.
EET was set up to formulate an immediate action plan required to restore stability, growth of, and confidence, in the country’s economy.
The team was comprised of participants from federal government, state governments and advocacy groups such as the Manufacturing Association of Nigeria and the Nigeria Economic Summit Group to ensure a collaborative approach.
Victor Ezeja is a passionate journalist with six years of experience writing on economy, politics and energy. He holds a Masters degree in Mass Communication.
