An extraordinary Presidential Panel on Social Investment Programs has been announced by President Bola Ahmed Tinubu.
The presidential spokeswoman, Ajuri Ngelale, revealed this in a statement on Saturday.
The Special Panel will be led by Wale Edun, the Minister of Finance, as the President has approved.
The Panel’s initial assignment is to conduct a thorough examination and audit of the Social Investment Programs’ current policy guidelines and financial structures.
In addition, a comprehensive overhaul of the financial framework of the programs will be carried out, along with specific adjustments to the protocols that will direct the programs’ future execution.
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.
Platinum Times recalls that on January 2nd 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.