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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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Gov Sani signs laws to transform energy, agric, climate governance

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Governor Uba Sani has signed three laws that will provide a comprehensive framework to transform the energy, agriculture and environmental sectors of Kaduna State.

A statement issued by the Commissioner for Information and Culture, Malam Ahmed Maiyaki, listed the new laws as the Kaduna State Electricity Law, 2026, Kaduna State Agricultural Development Fund (KADFund) Law, 2025, and Kaduna State Climate Change Advisory Board Law, 2026.

The statement quoted the Deputy Chief of Staff, Legal and Legislative Matters to the Governor, Dr. Mustapha Musa, as describing the laws as the most transformative governance reform packages.

He further said that the laws aim at expanding energy access, accelerating agricultural growth, strengthening climate resilience, and driving sustainable economic development through strong institutions.

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The statement pointed out that the Kaduna State Electricity Law, 2026 establishes the Kaduna State Electricity Regulatory Commission to oversee electricity generation, transmission, distribution, and supply within the State.

The Commissioner added that the Electricity Law will create opportunities for private-sector investment, renewable energy development, and improved access to electricity.

Maiyaki also said that the KADFund Law, 2025 creates a dedicated financing mechanism to support farmers, cooperatives, agribusinesses, and agricultural value-chain actors through grants, soft loans, technical assistance, and investments in critical infrastructure aimed at boosting food security and agricultural productivity.

He further noted that the Kaduna State Climate Change Advisory Board Law, 2026 establishes a state-level framework for climate action, environmental sustainability, climate finance mobilization, and the integration of climate considerations into development planning, reinforcing Kaduna’s commitment to sustainable development.

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The Commissioner also said the three laws collectively underscore the administration’s vision of building resilient institutions capable of driving inclusive growth, attracting investment, expanding opportunities, and delivering lasting benefits to citizens.

He noted that the landmark legislations reflect Governor Uba Sani’s commitment to laying the foundations for a prosperous, sustainable, and competitive Kaduna State through electricity sector reform, agricultural transformation, and climate-responsive governance.

According to him, the reforms establish the institutional framework needed to strengthen food security, improve living standards, and position Kaduna as a model for innovation, sustainable development, and effective subnational governance.

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EFCC arraigns oil magnate, two others over alleged N691.6m fraud

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The Economic and Financial Crimes Commission (EFCC) has arraigned the Managing Director of Abu-Haneefa Oil and Gas Ltd, Musa Farouk Abubakar, alongside his company and Sandra Chizoba Attoh before Justice Obiora Egwuatu of the Federal High Court, Maitama, Abuja, over alleged fraud involving N691.6 million.

The defendants were arraigned on an amended 15-count charge bordering on conspiracy, corruption, and money laundering to the tune of N691,677,310, according to a statement by the anti-graft agency posted on X.

One of the counts alleged that Abubakar, in July 2025, transferred N297 million from the company’s Zenith Bank account to an account belonging to Attoh, knowing the funds were proceeds of unlawful activity.

Another count alleged that he procured Attoh to transfer N262.8 million to a company account for the purchase of property at Kapital Villa, Guzape, Abuja, also suspected to be proceeds of corruption.

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All the defendants pleaded not guilty to the charges.

Following their pleas, prosecution counsel, Rita Ogar, urged the court to fix a trial date and remand the defendants in a correctional facility, stating that the EFCC had “overwhelming evidence” against them.

Counsel to the first and second defendants, Ishaka M. Dikko, informed the court that a bail application had already been filed and urged that his client be remanded in EFCC custody pending hearing.

Counsel to the third defendant, Y. G. Haruna (SAN), also confirmed filing a bail application and noted that responses had been exchanged between both parties.

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Ruling on the applications, Justice Egwuatu ordered that the first defendant be remanded at the Kuje Correctional Centre pending the determination of his bail application, while the third defendant was granted bail in the sum of N200 million with two sureties in like sum.

The court held that the sureties must reside in Abuja, provide verifiable means of identification, deposit passport photographs, and own property within the jurisdiction. One of the sureties must be a civil servant not below Grade Level 15 and must present letters of appointment and promotion.

The case was adjourned to September 1 and 2, 2026 for trial.

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Aisha Yesufu faults NDC over FCT senatorial ticket exclusion

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Prominent activist and politician, Aisha Yesufu, has criticised the National Democratic Congress (NDC) over her exclusion from the contest for the Federal Capital Territory (FCT) Senatorial District ticket.

She described the party’s decision as unjust and disappointing while urging her supporters to remain committed to the pursuit of good governance and national development.

Yesufu made the remarks in a statement issued on Wednesday after concluding a tour of all the Area Councils in the FCT, where she met with party leaders, ward officials, stakeholders, members of the Supporters of Aisha Yesufu Group (SAY Nation), and other supporters.

According to her, the outreach was aimed at engaging directly with supporters following the disappointment that greeted the party’s decision to deny her the opportunity to participate in the race for the FCT senatorial ticket.

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“The purpose of the outreach was to engage directly with our supporters, particularly in light of the disappointment occasioned by the party’s decision, which unjustly denied us the opportunity to participate in the contest for the FCT Senatorial District ticket,” she said.

Despite her dissatisfaction with the outcome, Yesufu said the setback would not deter her from pursuing the ideals she has consistently advocated, including justice, good governance and national development.

“It was important to reassure them that, despite this setback, our commitment to the ideals of justice, good governance, and national development remains unwavering,” she stated.

The activist disclosed that her final stop was at Bwari Area Council, where she met with party officials and supporters who, she said, had remained steadfast in their commitment to the political movement and its objectives.

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She noted that discussions during the visits focused on keeping supporters motivated and ensuring that the disappointment surrounding the senatorial ticket did not weaken their resolve to work toward broader national goals.

“I also encouraged our supporters to remain resolute, re-energize their efforts, and channel their passion, dedication, and resources toward the larger national objective of building a better Nigeria,” she said.

Yesufu stressed that the current political climate requires unity, perseverance and renewed determination, adding that supporters should continue to work toward a future anchored on responsible leadership and national progress.

“More than ever, this is a time for unity, perseverance, and renewed determination as we work collectively to secure a brighter future for our nation under the leadership of Peter Obi and Rabiu Musa Kwankwaso,” she added.

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Reflecting on the reception she received throughout the tour, Yesufu described the response from party members, stakeholders and supporters as overwhelming and encouraging.

She said the support demonstrated by those she met reinforced her belief that many Nigerians remain committed to the vision of a better country built on accountability, equity and good governance.

“The outpouring of love, support, and solidarity from party members, stakeholders, and supporters was a strong reminder that our shared vision for a better Nigeria continues to resonate with the people,” she said.

“Their confidence and determination reaffirm my belief that, through unity, hard work, and the grace of God, the Nigeria of our dreams is within reach.”

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Yesufu reiterated her commitment to the pursuit of justice, equity and good governance, expressing confidence that sustained collective action would help bring about the changes many Nigerians desire.

“Together, we will continue to stand for justice, equity, and good governance,” she said, adding that she remains optimistic about the country’s future.

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