President Buhari inaugurates National Economic Council

President Muhammadu Buhari has inaugurated the National Economic Council, charging members to initiate strategies that will strengthen the implementation mechanism, enhance cooperation across States and further promote joint deliberations.

TAI AMODU reports that governors arriving for the inauguration of a new National Economic Council and going by the camaraderie displayed, they are prepared to put heads together to ensure progress not only for their individual states, but for the nation as a whole

“The national Economic Council is established by the 1999 Constitution of the Federal Republic of Nigeria (1999), with the mandate to advise the
President on economic policy of the country and in particular, co-ordination of the economic planning efforts, and programmes of the
three- tiers of Government

Its membership is made up of all state governors and members of the ruling administration’s Economic management Team with the Vice President as Chairman

It is inaugurated at the start of every new term of governance bearing in mind that the membership would have changed with the exit of some governors and the Executive at the centre after completion of their terms and entry of newly electected governors or a change in baton of leadership at the centre”

President Muhammadu Buhari is inaugurating this new National Economic Council and with the current issues the country is faced with already has areas of interest he feels this new Council should concentrate on

The Initiatives brought about by the NEC resolutions are either implemented already or at different stages of implementation across the country.

The last national Economic Council held an unprecedented total of 38 meetings, setting up 10 Ad-Hoc Committees, in the process to address
various issues of national concern

The Buhari administration is hoping that the Council being inaugurated will keep up the tempo and in the process, dictate the pace of national
development.