President Bola Tinubu, yesterday, inaugurated the Presidential Economic Coordination Council (PECC) to strategise on a way
Chairman, United Bank for Africa , Tony Elumelu ; Director, MRS Oil, Amina Maina; President, Dangote Group, Aliko Dangote; Vice President, Kashim Shettima; President Bola Tinubu; President of the Senate, Godswill Akpabio and other members of the Presidential Economic Coordination Council during their inauguration at the Presidential Villa, in Abuja...yesterday.
Briefing State House correspondents after the council’s inauguration, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said the council would meet and report to the President monthly. The package includes N350 billion for Health and Social Welfare, N500 billion for Agriculture and Food Security, N500 billion for the Energy and Power Sector and N650 billion for general business support.
The Monetary Policy Committee of CBN, on May 21, raised the Monetary Policy Rate – on which banks benchmark their interest rate – from 24.75 per cent to 26.25 per cent.
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