In a significant move, President Bola Tinubu has announced the establishment of a Special Presidential Panel dedicated to overhauling the National Social Investment Programmes Agency (NSIPA).
This decision comes on the heels of the six-week suspension of four key programs under NSIPA.
Chaired by the Coordinating Minister of the Economy and Honourable Minister of Finance, Mr. Wale Edun, the Special Presidential Panel has been entrusted with the immediate task of conducting a comprehensive review and audit of the financial frameworks and policy guidelines governing social investment programmes.
The primary objective is to initiate a complete re-engineering of the financial architecture, accompanied by meticulous modifications to enhance the implementation procedures of these crucial programs.
The Special Presidential Panel comprises ministers representing strategic sectors, ensuring a multi-disciplinary approach to the reform effort. Members include the Coordinating Minister of Health and Social Welfare, the Honourable Minister of Budget and Economic Planning, the Honourable Minister of Information and National Orientation, the Honourable Minister of Communications, Innovation and Digital Economy, and the Honourable Minister of State for Youth.
President Tinubu expressed confidence that the Special Presidential Panel will restore lost public trust in these vital programmes, ushering in a new era of operation characterized by transparent and accountable governance frameworks.
The reforms aim to establish a system impervious to abuse and incompetence, exclusively benefitting disadvantaged households across the nation.