Meet Tinubu’s Economic Council

The President Of Nigeria, Bola Ahmed Tinubu, has inaugurated the Presidential Economic Coordination Council (PECC).

The PECC comprises 13 key members from various sectors of the Nigerian economy who have made substantial contributions to the nation’s development.

The primary objective of the PECC is to generate a total of 2 trillion Naira into the Nigerian economy over the next six months.

The goal of this initiative is to stabilise the country’s economy and drive growth during Tinubu’s administration.

The 13 members of the PECC include some of Nigeria’s most prominent business leaders and experts.

Here is a brief biography on the 13 members of the council

1. Alhaji Aliko Dangote: Africa’s richest man with a net worth of $12.8 billion as of May 2024. Dangote is the chairman and CEO of the Dangote Group. It is a major business conglomerate with sectors in cement, sugar, salt, and other industries.

2. Mr. Tony Elumelu: A businessman and investor, Tony Elumelu is the chairman of Heirs Holdings, Transcorp Group, and the United Bank for Africa (UBA). Additionally, his influence has earned him a spot on Time Magazine’s 100 Most Influential People list.

3. Alhaji Abdulsamad Rabiu: The founder of BUA Group, a leading producer in the cement, sugar, and real estate sectors. His business portfolio has made him a billionaire.

4. Ms. Amina Maina: Respected businesswoman and the director of MRS Oil Nigeria Plc. Ms. Amina has years of experience in the oil industry having headed Energy Solutions Integrated Services Limited and JuniorCrude Oil among many others.

5. Mr. Benson Ajayi-Kadir: Mr Ajayi-Kadir climbed the career ladder, starting in 1991 as an administrative officer at the Lagos Chamber of Commerce and Industry (LCCI). He has since become an experienced industrialist and the chairman of the Manufacturers Association of Nigeria (MAN).

6. Mrs. Funke Okpeke: An entrepreneur and telecommunications expert, Funke Okpeke is the founder of MainOne Cable. Founded in 2008, this company built West Africa’s first privately owned 7,000-kilometre cable submarine. It stretches from Portugal to West Africa. This cable single-handedly helped boost internet connectivity across the nation.

7. Dr. Doyin Salami: The Chief Economic Adviser to former Nigerian President Muhammadu Buhari, Doyin Salami is a well-learned man with several accolades under his belt. He is an associate professor at Pan-Atlantic University teaching the Economic Environment of Business. Also, he was appointed as a member of the Economic Management Team of the Central Bank of Nigeria in 2009.

8. Mr. Patrick Okigbo: A public policy expert and advisor, Mr Patrick Okigbo III is the founder of a public policy advisory firm called Nextier. He has been in government groups like the Economic Management Team and the Monetary Policy Committee of the Central Bank of Nigeria. He was also appointed as the Senior Fellow at Mossavar-Rahmani Center for Business & Government at Harvard University’s Kennedy School.

9. Mr. Kola Adesina: He was a part of the Presidential Committee inaugurated by former President Jonathan on the Accelerated Expansion of the Electricity Infrastructure in Nigeria. He is also the chairman and a member of the board of Ikeja Electric. Additionally, he is the managing director of the Sahara Group, a trade and tourism group.

10. Mr. Segun Agbaje: Mr Segun Agbaje was the Managing Director of Guaranty Trust Bank (GTB). He held this position for a decade from 2011 to 2021. Under his leadership, the bank grew its customer base and he received awards like “African Banker of the Year” and “CEO of the Year.” In addition, he is a part of the Mastercard Advisory Group and the Director of PepsiCo. Additionally, his older brother is Jimi Agbaje, a politician in the People’s Democratic Party.

11. Mr. Chidi Ajaere: The founder of GIG Logistics, a delivery service company with headquarters in Lagos. Their services include logistics, courier services, imports, packaging, and relocation services.
Furthermore, Chidi Ajaere also heads other businesses like GIG Motors, GIG Aviation, and Jet Motors among others.

12. Mr. Abdulkadir Aliu: TheGroup Managing Director/Chief Executive Officer of Matrix Energy Group, an oil and trading company. The oil company is the first company to create a Liquefied petroleum gas (LPG) terminal in Delta State. As well as the South-South region of the country.

13. Mr. Rasheed Sarumi: An entrepreneur and Managing Director of Saro Africa International Limited. The company focuses on Agricultural inputs, that is, the materials needed for the production of agricultural products. Also, he is the chairman of the Board of Trustees Cassava and Derivatives Processors in Nigeria. And also the Chairman of Oil Palm Investors Group.

Finally, the PECC members will serve for a period not exceeding one year, as directed by the Nigerian President.