President Bola Tinubu, on Thursday, inaugurated the meeting of the National Economic Council (NEC), headed by Vice President, Kashim Shettima.
The body is composed of the federal government and the Governors of the 36 states of the federation.
The NEC was established by the provisions of the Constitution of the Federal Republic of Nigeria, 1999, as amended; Section 153(1) and Paragraphs 18 & 19 of Part I of the Third Schedule.
The Council which meets regularly once every month, also has the Governor of the Central Bank of Nigeria (CBN).
The Council assists the president in the formulation and implementation of policies that help to actualise its economic programs of the country.
It also helps to coordinate Nigeria’s economic planning efforts at both the Federal, State, and Local Government levels.
The Council achieves its objectives working through ad hoc committees set up to perform specific tasks, after which they are dissolved.
Inaugurating the body on Thursday, the President charged the council to support his administration in transforming the economic Fortunes of the country.
He stated that the task of growing the nation’s economy is quite enormous adding that there must be “no excuse for failure”.
He restated his administration’s commitment to delivering on its promises to Nigerians.
Those in attendance as at the time the meeting commenced are Kwara, Abdulrahman Abdulrazaq, Osun, Ademola Adeleke, Kogi, Yahaya Bello, Ekiti, Biodun Oyebanji, Nasarawa, Abdullahi Sule, Akwa Ibom, Umo Eno and Enugu, Peter Mbah Cross River, Bassey Otu, Plateau, Caleb Muftwang, Kebbi, Nasir Idris, Katsina, Aliyu Radda and Benue Hycinth Alia.
Others are Zamfara, Dauda Lawal, Ogun, Dapo Abiodun, Anambra Charles Soludo, Yobe, Mai Mala Buni, Taraba, Agbu Kefas, Gombe, Delta, Sheriff Oborevwori, Rivers, Siminalayi Fubara, Niger Mohammed Bago and Sokoto, Ahmad Aliyu.
Others are Ebonyi, Francis Nwifuru, Kaduna, Uba Sani, Edo, Godwin Obaseki, Abia, Alex Otti, Bayelsa, Douye Diri, Kano, Abba Yusuf, Bauchi, Bala Mohammed, Oyo, Seyi Makinde and Borno State Deputy Governor, Umar Kadafur and Deputy Governor of Ondo, Lucky Ayedatiwa
The Secretary to the Government of the Federation, George Akume, Chief of Staff, Femi Gbajabiamila, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, Acting Accountant General of the Federation, Oluwatoyin Madein, Acting Governor of Central Bank, Folashodun Shonubi, Permanent Secretaries Budget and National Planning, Federal Capital Territory Administration, and State House.