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.”