Minister of Finance and Coordinating Minister of the Economy, Wale Edun, with some council members addressed newsmen after the inauguration.

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The minister said the Health, Agriculture, and Energy/Power sectors would be prioritised in the emergency funding.

Edun stated that the President had just inaugurated the Presidential Economic Coordination Council, a body that is made up of the President’s Economic Management Team, the Legislature, represented by the leaders of the National Assembly; the Senate President and the Speaker of the House of Representatives, as well as the sub-nationals, represented by the chairman of the Nigerian Governors Forum, and the elite of the private sector.

The minister said they were presented with the outcomes of the President’s review of the accelerated stabilization and advancement plan that was an emergency plan to cover the next six months, which the President had directed that a combination of his own Economic Management Team and the sub-nationals, the governor’s level, and the private sector put together for his consideration.

Edun said in addition to a range of policy measures and tax measures, there is a range of executive orders which the President had signed and which were being gazetted to ease the cost of doing business at this particular time.