President Muhammadu Buhari has said that despite the disruptions in global economy and internal troubles, the Nigerian economy has continued to be resilient and maintains an upward trajectory.
Speaking at Presidential Villa, Abuja during the inauguration of the Presidential Committee on the National Economy, President Buhari said the COVID-19 pandemic, the war in Ukraine and the loss of substantial volumes of oil have had negative impacts on the Nigerian economy,
President Buhari, however, assured Nigerians that despite these hiccups, necessitating borrowings from financial sources, the current administration remains committed to the welfare of the citizens, especially the implementation of the Social Investment Programmes.
On the mandate and constitution of the Committee under his headship with representations from State Governors, the President said he is convinced that it will deliver as expected for the benefit of the populace:
Presentations were made at the event by Dr Doyin Salami, Chief Economic Adviser to the President, Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, Otunba Niyi Adebayo, Minister of Industry, Trade and Investment, as well as Mr Godwin Emefiele, Governor, Central Bank of Nigeria, while Governor of Sokoto State, Aminu Tambuwal, represented Chairman of the Governors Forum.
The Presidential Committee on the Economy is chaired by President Muhammadu Buhari and has as members the Vice President, Professor Yemi Osinbajo SAN; Dr. Kayode Fayemi, Chairman of the Nigeria Governors Forum; Dr. Mrs. Zainab Ahmed, Honourable Minister for Finance, Budget, and National Planning; Otunba Niyi Adebayo, Honourable Minister for Industry, Trade and Investment; and Chief Timipre Sylva, Honourable Minister of State for Petroleum.
Other members include Mr. Boss Mustapha, Secretary to the Government of the Federation; Prof. Ibrahim Gambari, Chief of Staff to the President; Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria and Dr. Mohammed Sagagi, Vice Chairman of the Presidential Economic Advisory Council, among others.