NEC to Hold Retreat on Economy 

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Vice president Yemi Osinbajo

Tobi Soniyi in Abuja
The National Economic Council (NEC) will hold a two-day retreat next week beginning from Monday, March 21 to Tuesday on  policy actions that state and the federal governments can consider in order to stimulate local production, cut costs and enhance public revenues among other measures to stimulate the economy.

 A statement by the Senior Special Assistant on Media and Publicity in the Office of the Vice President, Mr. Laolu Akande, said President Muhammadu Buhari would deliver the keynote address during the formal opening session on Monday morning.

 He said the Vice President, Prof. Yemi Osinbajo, SAN, as Chairman of NEC, an advisory body to the president, would preside over the retreat with governors from the 36 states of the federation attending.

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefile and the Budget and  Planning Minister, Udo Udoma, are among other top government functionaries expected to speak at the retreat.

Akande said: “The objective of the NEC Retreat is to provide a forum for in-depth discussions by NEC members of the policy actions that the state and federal governments can consider in order to stimulate local production, cut costs and enhance public revenues among other measures to stimulate the economy.

“Contrary to suggestions, the retreat is not an emergency national economic conference. The idea was mooted at the last regular NEC meeting in January, where members requested an intensive session to review economic trends and evolve strategies to cope.”

  • clippers12

    No electricity ….that should be your biggest PUSH! Without it, Nigerian is not PRODUCING anything! That should be the memo for each state and stop the game play! In fact go behind the back of the private sector and find the key to unlocking the shenanigans that the private sector is doing with electricity! Buy a field solar panels even if you just want to experiment with it!

  • vincentumenyiora

    Add to what I posted already you must consider the idea or method of formulation of the party APC i.e. the defector who had nthing to offer the new amalgamation other than to win and remain in office as a result of the phobia, which they believed and hoped INEC made it possible, that Buhari as the new President for Nigeria would douse in the country! Consequently they had no time hithwerto the cross carpet saga to prepare for the new administration with such policy or economic proposals! And from that ‘exil standpoint’ of Buhari as I deposited, he needs not only a special and properly oriented economic team but down to earth advisers – the likes of Lea Quan Yea and Ghandi’s PEDIGREE – i.e. those who trained out or have the understanding of their tutelage! But essentially like I said, he can make a start with PC Sum Contract approach!