President Bola Tinubu has inaugurated the national economic
council (NEC) which is headed by Vice-President Kashim Shettima.
The council was inaugurated on Thursday at the council
chambers of the presidential villa, Abuja.
While addressing members of the NEC, the president asked the
council to support his administration in transforming the economic fortunes of
the country.
Tinubu said the task of growing the nation’s economy is
enormous while he admonished the NEC members that there is “no excuse for
failure”.
The president said Nigerians want reforms and “they want it
quickly”, adding that “we even begged and danced for the job”.
The NEC, which will meet monthly, is mandated to “advise the
president concerning the economic affairs of the federation, and in particular
on measures necessary for the coordination of the economic planning efforts or
economic programmes of the various governments of the federation”.
Membership of the NEC comprises the 36 state governors, the
governor of the Central Bank of Nigeria (CBN) and other government officials.
Governors and deputy governors were in attendance at the
inauguration of the council.
George Akume, secretary to the government of the federation;
Femi Gbajabiamila, chief of staff; and Mele Kyari, group chief executive
officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, were
in attendance.
Oluwatoyin Madein, acting accountant-general of the
federation, and Folashodun Shonubi, acting CBN governor, were also present at
the meeting.
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