
The Vice President of the Federal Republic of Nigeria, Kashim Shettima on Thursday presided over the maiden meeting of the National Economic Council (NEC) at the Presidential Villa, Abuja.
New Telegraph gathered that the meeting held at the State House Council Chambers is the first since the inauguration of President Bola Tinubu’s administration on 29 May.
The NEC is constitutionally headed by the Vice President, State governors, and the Central Bank of Nigeria (CBN) Governor, amongst others as members.
The NEC meets monthly and has the mandate to advise the President concerning the economic affairs of the Federation, and in particular on measures necessary for the coordination of the economic planning efforts or economic programmes of the various Governments of the Federation.
Membership of the NEC comprises of the 36 State Governors, the Governor of the CBN and other co-opted Government officials.
Earlier, the President had promised Nigerians that there will be no excuse for the failure of his administration.
President Tinubu also 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, restating his administration’s commitment to delivering on its promises to Nigerians.