President Bola Tinubu has inaugurated the national economic council (NEC) headed by Vice-President Kashim Shettima.
The council was inaugurated on Thursday at the council chambers of the presidential villa, Abuja.
Addressing members of the council, Tinubu urged them to support his administration in transforming the economic fortunes of the country.
The President said the task of growing the nation’s economy is enormous while he admonished the NEC members that there is “no excuse for failure”.
Tinubu 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.
The secretary to the government of the federation; George Akume, Chief of Staff to the President, Femi Gbajabiamila and the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari,
were in attendance.
Acting Accountant-General of the Federation, Oluwatoyin Madein, and Acting CBN governor, Folashodun Shonubi, were also present at the meeting.
Tinabu inaugurates national economic council
