Barely a few days after he ordered the suspension of the four programmes under the National Social Investment Programmes Agency (NSIPA), President Bola Tinubu at the weekend inaugurated a Special Presidential Panel to review and audit existing financial frameworks and policy guidelines of the social investment programme.
A statement issued by the Special Adviser (Media & Publicity), Ajuri Ngelale, indicated that The panel will be chaired by the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun.
According to the President’s aide, the Panel is tasked with immediately undertaking a comprehensive review and audit of existing financial frameworks and policy guidelines of the social investment programmes (SIPs) with a view to implementing a total re-engineering of the financial architecture of the programmes with detailed modification to procedures guiding the programmes’ implementation moving forward.
Ngelale disclosed that the Special Presidential Panel comprised six ministers representing strategic sectors to ensure a multi-disciplinary approach to the reform effort.
He listed the members of the panel as including the Coordinating Minister of the Economy and Minister of Finance, Wale Edu as Chairman; Coordinating Minister of Health and Social Welfare, Muhammad Ali Pate, as member; Minister of Budget and Economic Planning; Minister of Information and National Orientation, Minister of Communications, Innovation and Digital Economy and Minister of State for Youth.
Also, he stated that the President expected that the Special Presidential Panel would validate the confidence reposed in it by winning back all lost public confidence in the vital programmes over the years.
Ngelale further stated that this can be done by ushering in a new era of operation based on open and accountable governance frameworks that would prove impervious to abuse and incompetence for the benefit of disadvantaged households nationwide.
