President Bola Ahmed Tinubu, on Saturday, announced a special Presidential Panel on Social Investment Programmes.
Presidential spokesperson, Ajuri Ngelale, disclosed this in a statement.
Minister of Finance, Wale Edun, is the Chairman of the Special Panel.
The Panel is tasked with immediately undertaking a comprehensive review and audit of existing financial frameworks and policy guidelines of the Social Investment Programmes.
It will also implement a total re-engineering of the financial architecture of the programmes with detailed modification to procedures guiding the programmes’ implementation moving forward.
The Panel consists of the following members:
Coordinating Minister of the Economy and Minister of Finance – Chairman;
Coordinating Minister of Health and Social Welfare – Member
Honourable Minister of Budget and Economic Planning – Member
Honourable Minister of Information and National Orientation – Member
Honourable Minister of Communications, Innovation and Digital Economy – Member
Honourable Minister of State for Youth – Member
The development follows the suspension of the N-Power Programme, the Conditional Cash Transfer Programme and two other programmes administered by the National Social Investment Programme, NSIPA.
The programmes were suspended to give way for a thorough probe of the agency and the Humanitarian Affairs and Poverty Alleviation Ministry.
Recall that on January 2, 2024, Tinubu suspended Halima Shehu, the national Coordinator of the National Social Investment Programme Agency, over financial misappropriation.
Days after, the President suspended the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, over N585 million corruption allegations.