President Bola Tinubu has suspended the four programmes under the National Social Investment Programmes Agency (NSIPA) and appointed a Special Presidential Panel to overhaul them.
The panel, led by the Minister of Finance and Economy, Mr. Wale Edun, will conduct a thorough review and audit of the financial and policy aspects of the programmes and propose a new framework for their implementation.
The presidential spokesman, Ajuri Ngelale, said the panel consists of ministers from key sectors and will adopt a multi-disciplinary approach to the reform process.
He quoted President Tinubu as saying that the panel will restore public trust in the programmes by ensuring transparency, accountability and efficiency in their delivery to the needy households in the country.