In a swift response to the recent suspension of four programs under the National Social Investment Programmes Agency (NSIPA), President Bola Tinubu has greenlit a transformative initiative by establishing a Special Presidential Panel. Set to be helmed by the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun, this panel aims to conduct a comprehensive review and audit of existing financial frameworks and policy guidelines governing social investment programs.
Presidential Spokesman Ajuri Ngelale, in a statement released on Saturday, January 13, 2024, highlighted the panel’s crucial mandate. He emphasized that the goal is to implement a total re-engineering of the financial architecture of the programs, complete with detailed modifications to enhance the efficiency and transparency of their implementation.
The composition of the panel reflects a commitment to a multi-disciplinary approach, with key members including the Coordinating Minister of Health and Social Welfare, the Minister of Budget and Economic Planning, the Minister of Information and National Orientation, the Minister of Communications, Innovation and Digital Economy, and the Minister of State for Youth.
Ngelale conveyed President Tinubu’s expectations, stating that the Special Presidential Panel is anticipated to restore lost public confidence in these vital programs. The ultimate objective is to usher in a new era of operation based on open and accountable governance frameworks. President Tinubu envisions a system impervious to abuse and incompetence, ensuring exclusive benefits for disadvantaged households across the nation.
This initiative marks a significant step towards reinforcing the integrity and impact of social investment programs, signaling a commitment to the welfare of the nation’s vulnerable populations.
