President Bola Tinubu has taken action to revamp the National Social Investment Programmes Agency (NSIPA). Following the suspension of the four programs under NSIPA for six weeks, President Tinubu has greenlit the establishment of a Special Presidential Panel.
Heading this critical initiative is the Coordinating Minister of the Economy and Honourable Minister of Finance, Mr. Wale Edun. The Special Presidential Panel’s primary mandate is to conduct an extensive review and audit of the existing financial frameworks and policy guidelines governing social investment programs.
The objective is clear – a comprehensive re-engineering of the financial architecture with detailed modifications to enhance the efficiency and transparency of the programs.
The panel, boasting a multi-disciplinary approach, comprises ministers representing strategic sectors, including Health, Social Welfare, Budget and Economic Planning, Information, National Orientation, Communications, Innovation, Digital Economy, and Youth Affairs.
President Tinubu expresses confidence that this Special Presidential Panel will restore public trust in these crucial programs, ushering in a new era of open and accountable governance frameworks. The aim is to create a system impervious to abuse and incompetence, exclusively benefiting disadvantaged households nationwide.
Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, made this known on his social media handle on Saturday.
The President had earlier last week suspended Better Edu following the alleged misappropriation of funds meant for the agency.
Stay tuned for further updates on this pivotal reform effort.
