Mediaage NG News – ABUJA, Nigeria
President Bola Tinubu has formed a team to come up with quick solutions and fix the country’s fading economy.
Harsh economic conditions have led to widespread difficulties, amid mounting pressure on the government.
Food and fuel prices have gone up. Many are struggling to cope as their wages are not keeping up with the changes.
Some have blamed the fuel subsidy announced by Mr. President and the free fall of the Naira currency as being among the causes of the hardship. But the authorities have argued that reforming the economy is essential for the future of the country.
The president has directed the team to “submit a comprehensive plan of economic interventions” within two weeks, which will then be implemented over the next six months.
The taskforce is made up of key government officials and industry leaders.
The president also established the Presidential Economic Coordination Council (PECC) – which he aims to preside over economic reforms.
