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FG Plans ₦2tr Economic Revival Scheme, Inaugurates Council

The Federal Government has presented the outcomes of its review of the accelerated stabilisation and advancement plan, which seeks to inject N2tn into the economy in the next six months.

President Bola Tinubu on Thursday said his administration is determined to, in the next few months, increase crude oil production to two million barrels per day and generate more electricity for Nigerians.

He described Nigeria’s current power generation and crude oil production as’ shameful’.

Tinubu said this when he inaugurated a 31-member Presidential Economic Coordination Council at the Aso Rock Villa, Abuja, on Thursday.

Thursday’s inauguration comes three months after the President established the committee on March 27, 2024. The committee comprises himself, Vice President Kashima Shettima, Senate President Godswill Akpabio, the Chairman of the Nigerian Governors Forum, Governor Abdulrahman Abdulrazaq of Kwara State and the Governor of the Central Bank of Nigeria Governor, Yemi Cardoso.

The PECC also comprises 13 persons drawn from the organised private sector, including the Chairman of Dangote Group, Aliko Dangote; UBA Chairman,  Tony Elumelu; BUA Founder, Abdulsamad Rabiu.

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