President Bola Tinubu has approved the establishment of a six-man Special Presidential Panel, which will
be chaired by the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun.

The setting up of the panel, according to a statement issued yesterday by presidential spokesperson,
Ajuri Ngelale, was sequel to President Tinubu’s six-week’s suspension of the four programmes under the
National Social Investment Programmes Agency (NSIPA).

Other members of the Special Presidential Panel, which is made up of ministers representing strategic
sectors that will ensure a multi-disciplinary approach to the reform effort, are Coordinating Minister of
Health and Social Welfare; Minister of Budget and Economic Planning; Minister of Information and
National Orientation; Minister of Communications, Innovation and Digital Economy, and Minister of
State for Youth.

The special panel is tasked with immediately undertaking a comprehensive review and audit of existing
financial frameworks and policy guidelines of the social investment programmes with a view to
implementing a total re-engineering of the financial architecture of the programmes with detailed
modification to procedures guiding the programmes’ implementation moving forward.

President Tinubu anticipates that the panel would validate the confidence reposed in it by winning back
all lost public confidence in the vital programmes over the years by ushering in a new era of operation
based on open and accountable governance frameworks that will prove impervious to abuse and
incompetence for the exclusive benefit of disadvantaged households across our nation.