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Tinubu names Dangote, Elumelu, Rabiu, others in economic committee

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President Bola Tinubu has approved the establishment of the Presidential Economic Coordination Council (PECC) and the creation of the Economic Management Team Emergency Taskforce (EET).

According to the Presidency, this is a strategic move to bolster the nation’s economic governance frameworks and ensure robust and coordinated economic planning and implementation.

The PECC comprises distinguished leaders and key government officials, including:

(1) President of the Federal Republic of Nigeria – Chairman

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(2) Vice-President of the Federal Republic of Nigeria – Vice-Chairman of the PECC/ NEC Chairman

(3) President of the Senate

(4) Chairman, Nigeria Governors’ Forum

(5) Coordinating Minister for the Economy and Minister of Finance

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(6) Governor of the Central Bank of Nigeria

(7) Minister of Agriculture and Food Security

(8) Minister of Aviation and Aerospace Development

(9) Minister of Budget and Economic Planning

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(10) Minister of Communications, Innovation and Digital Economy

(11) Minister of Industry, Trade and Investment

(12) Minister of Labour and Employment

(13) Minister of Marine and Blue Economy

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(14) Minister of Power

(15) Minister of State, Petroleum Resources

(16) Minister of State, Gas

(17) Minister of Transportation

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(18) Minister of Works

The statement stated that the PECC will also comprise key members of the organised private sector, with the following members joining for a period not exceeding one year, subject to the President’s directive:

(1) Alhaji Aliko Dangote

(2) Mr. Tony Elumelu

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(3) Alhaji Abdulsamad Rabiu

(4) Ms. Amina Maina

(5) Mr. Begun Ajayi-Kadir

(6) Mrs. Funke Okpeke

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(7) Dr. Doyin Salami

(8) Mr. Patrick Okigbo

(9) Mr. Kola Adesina

(10) Mr. Segun Agbaje

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(11) Mr. Chidi Ajaere

(12) Mr. Abdulkadir Aliu

(13) Mr. Rasheed Sarumi

The statement by the President’s spokesperson, Chief Ajuri Ngelale also read: “Furthermore, in his determination to address immediate economic challenges and ensure the streamlined execution of economic strategies, President Bola Tinubu has established the Economic Management Team Emergency Taskforce (EET) with a mandate to formulate and implement a consolidated emergency economic plan.

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The taskforce comprises key government officials and industry leaders in furtherance of the President’s collaborative approach toward achieving economic resilience and growth.

The EET is now mandated to submit a comprehensive plan of economic interventions for 2024 to the PECC, covering the next six (6) months, for immediate implementation within two weeks of its inauguration. The EET will meet twice weekly and is composed of the following members:

(1) Coordinating Minister for the Economy and Minister of Finance (Chairman of the EET)

(2) Minister of Budget and Economic Planning

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(3) Minister of Power

(4) Minister of Agriculture and Food Security

(5) Coordinating Minister of Health and Social Welfare

(6) Minister of Industry, Trade and Investment

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(7) Governor of the Central Bank of Nigeria

(8) National Security Adviser

(9) Chairman, Nigeria Governors’ Forum

(10) Governor of Anambra State

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(11) Governor of Ogun State

(12) Governor of Niger State

(13) Executive Chairman, Federal Inland Revenue Service

(14) Director-General, Budget Office of the Federation

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(15) GCEO, NNPC Limited

(16) Director-General, Nigeria Economic Summit Group

(17) Special Adviser to the President on Energy

(18) Dr. Bismarck Rewane, Economist

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(19) Dr. Suleyman Ndanusa, Economist

“The Economic Management Team, established in October 2023, and chaired by the Coordinating Minister for the Economy and Minister of Finance, serves as the working group under the Presidential Economic Coordination Council (PECC), playing a crucial role in the economic governance structure established by the President.

The EMT traditionally meets monthly or as required, but will now suspend its meetings for the duration of the EET’s mandate (six months). The EMT is composed of the following officials:

(1) Coordinating Minister for the Economy and Minister of Finance (EMT Chairman)

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(2) Governor of the Central Bank of Nigeria

(3) Minister of Budget and Economic Planning

(4) Minister of Industry, Trade and Investment

(5) Minister of Communications, Innovation and Digital Economy

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(6) Minister of Works

(7) Minister of Labour and Employment

(8) Minister of Agriculture and Food Security

(9) Minister of State, Petroleum Resources

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(10) Minister of State, Gas

(11) Minister of Power

(12) Minister of Transportation

(13) Minister of Aviation and Aerospace Development

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(14) Minister of Marine and Blue Economy

“The Chairman of the EMT may, as needed, call on any Federal Minister or Head of Agency to brief the EMT on key programmes and developments affecting the economy.

“The President’s formation of the PECC, under his Chairmanship, alongside the creation of the EET, led by the Chairman of the EMT, and the EMT itself, is the manifestation of a unified strategy aimed at enhancing Nigeria’s economic management architecture for verifiably improved performance. The formation of these teams will complement existing economic governance structures, including the National Economic Council (NEC), which is chaired by the Vice-President.

“Over the next six months, the EET will focus on the rapid implementation, monitoring, and evaluation of critical initiatives, strengthening the Tinubu-led administration’s collective approach to advancing Nigeria’s economic objectives”.

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NIDEC 2026: Nigeria Will Attract Investment, Create Jobs, Boost Forex Inflows – Enikanolaiye

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By Gloria Ikibah

The Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, has said the Nigeria Diaspora Investment Economic Conference (NIDEC) 2026 in Toronto, Canada, is not another diplomatic jamboree but a strategic platform to attract investment, create jobs and increase foreign exchange inflows into Nigeria.

Enikanolaiye stated this on Monday while speaking with journalists at the Nnamdi Azikiwe International Airport, Abuja, shortly before departing for Canada as part of the Federal Government delegation to the four-day conference.

The minister was responding to concerns that similar international engagements in the past had produced limited tangible results and amounted to little more than jamborees.

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He said the Tinubu administration’s foreign policy approach, anchored on Demography, Development, Democracy and Diaspora, was focused on measurable economic outcomes.

“This administration does not travel for jamborees. We travel for results. Mr. President has mandated a high-powered delegation led by the Chief of Staff to the President, Hon. Femi Gbajabiamila, because NIDEC 2026 is a deal room for Nigeria’s growth,” the minister said.

According to Enikanolaiye, the presence of senior Canadian officials, including the President of the Treasury Board, Hon. Shafqat Ali, and ministers from Ontario, will provide an opportunity to strengthen Nigeria-Canada economic relations.

He said discussions will focus on new trade agreements, partnerships involving small and medium-sized enterprises and improved market access for Nigerian products in North America.

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The minister also said the composition of the Nigerian delegation was deliberately designed to attract investment and generate economic opportunities at both federal and state levels.

He said the participation of the Central Bank of Nigeria, Nigerian Investment Promotion Commission, Nigerian Export Promotion Council and Nigeria Revenue Service would enable Nigeria to present opportunities and incentives for diaspora investment, export expansion and remittance-backed investment vehicles.

Enikanolaiye said the initiative is expected to contribute to increased foreign exchange inflows while supporting job creation in Nigeria.

He also highlighted the participation of five state governors from Anambra, Borno, Kaduna, Plateau and Zamfara, saying their presence would help decentralise investment opportunities beyond Abuja.

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According to him, the governors would directly engage potential investors on projects in infrastructure, agriculture, technology and mining within their respective states.
The minister said the conference would also support technology and skills transfer, with the Director-General of the National Information Technology Development Agency, Kashifu Inuwa, part of the delegation.

He said Nigeria will use the platform to explore partnerships in digital innovation, fintech and information technology capacity building as part of efforts to accelerate the country’s digital economy.

On diaspora engagement, Enikanolaiye said NIDEC 2026 was designed to connect investment-ready Nigerian projects with Nigerians in the diaspora and other high-net-worth investors.
He said the conference will also provide an opportunity for the government to strengthen its relationship with Nigerians abroad and address some of the challenges they face when seeking to invest in the country.

The minister noted that Nigeria received more than $20 billion in diaspora remittances last year, stressing the need to convert a significant portion of the funds into productive investments.

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“NIDEC 2026 is designed to convert that goodwill into equity, into factories, and into businesses that employ Nigerians,” he said.

Enikanolaiye described the conference as a practical expression of Nigeria’s economic diplomacy and assured prospective investors that the country was ready for business.

“NIDEC 2026 is economic diplomacy in action. Nigeria is open for business. And we are going to Toronto to close deals,” he stated.

The four-day NIDEC 2026, themed “INVEST NIGERIA, THRIVE ABROAD”, will take place from August 12 to 15, 2026, in Toronto, Canada.

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The conference is organised by the Nigerians in Diaspora Commission (NiDCOM) in collaboration with the Nigerian High Commission in Ottawa and the Canadian High Commission in Abuja.

The Ministry of Foreign Affairs said the conference would serve as a platform for connecting global capital with bankable investment opportunities in Nigeria.

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Davido writes Trump to intervene in Osun guber poll

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Popular singer, David Adeleke, popularly known as Davido, has called on United States President Donald Trump to pay attention to the situation in Osun State ahead of the upcoming governorship election, citing concerns over tension and possible violence.

In a post on X on Tuesday addressed to Trump, Davido drew the US president’s attention to developments in Osun State as the state prepares for the election.

The singer expressed concerns over growing tension and the possibility of violence, intimidation or disruption of the democratic process, stressing that residents of Osun State deserve to exercise their constitutional right to vote freely, peacefully and without fear.

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Davido appealed to the United States and the international community to pay close attention to the election and urged relevant authorities to ensure that every voter is protected and every vote is respected.

He stressed the need to prevent bloodshed and intimidation, while calling for peace, transparency and a free and fair election.

He wrote, “A CALL FOR ATTENTION TO PRESIDENT DONALD TRUMP

“President Donald Trump, I am calling your attention to the situation in Osun State, Nigeria, as we approach the election.

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“There are growing concerns about tension and the possibility of violence, intimidation, or disruption of the democratic process. Osun people deserve to exercise their constitutional right to vote freely, peacefully, and without fear.

“I appeal to the United States and the international community to pay close attention to the election and encourage all relevant authorities to ensure that every voter is protected and every vote is respected.

“We do not want bloodshed. We do not want intimidation.

We want peace, transparency, and a free and fair election. @realDonaldTrump”

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See details of suspected kidnappers behind Enugu Catholic invasion

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The details of three suspected members of the kidnapping gang accused of abducting worshippers during an attack on St. Joseph’s Catholic Church, Inoyi-Affa, Udi Local Government Area of Enugu State, have been revealed following their arrest by security operatives.

The suspects were identified as Aliyu Mohammed, Usman Mohammed and Babuga Usman.

Meanwhile, SaharaReporters gathered that Babuga Usman was killed during an alleged gun battle.

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The three men were arrested during a joint security operation involving operatives of the Department of State Services (DSS), Nigerian Army and other security agencies following the August 2, 2026 attack on the Catholic church.

The operation also led to the recovery of four AK-47 rifles, seven magazines, 133 rounds of 7.62mm special ammunition, $1,000 and ₦785,900 allegedly belonging to the criminal syndicate.

Recall that on Monday that troops of the Nigerian Army and DSS operatives under Operation UDO KA had arrested a suspected commander of a notorious kidnapping syndicate in Enugu State and recovered a cache of arms, ammunition and cash.

Although, the military authority didn’t reveal the identity of the suspects in the statement, the arrest followed the abduction of worshippers in Udi Local Government Area on August 2.

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In a statement issued on Monday, the Acting Deputy Director, Army Public Relations, 82 Division, Lieutenant Colonel Olabisi Olalekan Ayeni, said an earlier operation had resulted in the neutralisation of one member of the syndicate and the arrest of another suspect.

According to Ayeni, information obtained from the arrested suspect enabled security operatives to track the fleeing commander.

“Acting on the intelligence, troops intensified their manhunt and eventually tracked, intercepted, and arrested the syndicate commander as he attempted to flee Enugu State,” he said.

The arrested suspect subsequently led troops to the gang’s hidden armoury inside Umuchingu Ujenike Forest in Udi.

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“During the follow-up operation, troops recovered four AK-47 rifles, seven AK-47 magazines, and 133 rounds of 7.62mm special ammunition from the forest hideout,” the Army said.

The military said preliminary investigations indicated that the arrested kingpin was linked to several high-profile kidnapping operations across the South-East and North-Central regions.

The development also comes after the remaining victims of the August 2 attack, including seminarian Lawrence Igbo and Emmanuel Onwudi, were rescued by security agencies.

The Enugu State government said all the kidnapped victims were recovered alive and without injuries.

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Governor Peter Mbah, represented by the Secretary to the State Government, Prof Chidiebere Onyia, had disclosed this while parading the arrested suspects at the DSS office in Enugu on Monday night.

Onyia said the victims had identified the arrested suspects as the men responsible for their abduction, but didn’t disclosed their identities.

He also disclosed that ransom was paid during the rescue operation but insisted that the money was used as bait as part of a broader strategy to track the kidnappers.

The kidnapped victims were all recovered and they have been returned safe. None of them lost their lives or were harmed,” Onyia said.

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According to him, the security agencies prioritised the safety of the victims throughout the operation.

“Part of what was used was the ransom amount as bait, as part of our strategy. That was not the only strategy,” he said.

Onyia said all the ransom money paid had subsequently been recovered following the arrest of the suspects.

“So yes, ransoms were paid but they have all been recovered completely. They were used strictly as strategy and we have it and nobody was killed,” he said.

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