Tinubu constitutes committee to revive economy [Video]

By establishing the National Economic Council, Tinubu launches his initiative to revive Nigeria’s economy (Video).

The National Economic Council (NEC) was established by President Bola Tinubu with the goal of maintaining the country’s economic recovery.

At the Presidential Villa in Abuja, the council was established on June 15, 2023. President Tinubu urged the council to work together to support his administration as it works to transform the country’s economy in his address to the Federal Governors of the Federation.

He reminded the council of his pledge to concentrate on eight priority areas, including security, the economy, job creation, agriculture, and infrastructure, which was made during his inaugural speech.

President Tinubu added that while the task of expanding the economy is quite challenging, he and the governors shouldn’t have any cause to grumble because it is essential to use the nation’s potential to spur significant growth.

A week after giving the NEC the go-ahead to convene and develop interventions to lessen the effects of the petroleum subsidy, he was inaugurated.

The vice president will lead the NEC. Kashim Shettima, E. Section 153(1) and Paragraphs 18 and 19 of Part I of the Third Schedule, both amendments to the Constitution of the FRN, 1999, which established the National Economic Council. The 36 State Governors, the Governor of the Central Bank of Nigeria, and other co-opted Government officials are the members of the NEC.