President Bola Tinubu has established the Presidential Economic Coordination Council comprising himself, the Vice President, Senate President and the Chairman of the Nigerian Governors Forum, among 27 others.

The Presidency in a statement signed by Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, said the move is in furtherance of his administration’s efforts at re-engineering the nation’s economic governance framework.

The PECC also comprises members of the organized private sector who would serve for one year.

Tinubu’s new formation also includes 19 other persons to serve on the Economic Management Team Emergency Taskforce, which was approved by the Federal Executive Council on Monday.

Ngelale, who announced the economy-focused initiatives, said the setting up of the PECC and the EET is a strategic move to ensure robust and coordinated economic planning and implementation.