The National Economic Council

     CRUDE OIL UP DATE FROM NATIONAL #ECONOMIC #COUNCIL

           The National Economic Council, chaired by Vice President Kashim Shettima, on Thursday, set up committees on economic affairs as well as crude oil theft and management.

Both committees will be headed by Kwara State Governor AbdulRahman AbdulRazak and his Imo State counterpart, Hope Uzodimma, respectively.

This followed “deliberations on critical economic matters and assessments of potential short-term, medium and long-term strategies for addressing pressing economic issues at the 138th meeting of NEC which held virtually,” a statement signed by the Senior Special Assistant to the Vice President on Media and Communications, Stanley Nkwocha, revealed Thursday.

#Almedia #NEC

The statement is titled ‘Shettima to NEC: burden of Nigerians is on our shoulders.’    The Economic Matters committee, to be chaired by the Kwara State governor, was tasked with preparing a clear roadmap for dealing with petroleum subsidy, including a framework for defending wage negotiations, exchange rate management and fiscal consolidation sustainability, liquidity management and inflation, medium-term investment and growth, fiscal transparency and accountability, as well as state of emergency on food production for 2024.

Members of the committee include the Gombe State Governor, #representing North-East; Governor of Lagos (South-West); the Governor of Akwa Ibom (South-South); the Governor of Anambra (South East); the Governor of Niger (North Central), and Governor of Kaduna (North West).

Special Adviser to the President on NEC and Climate Change, Rukaiya El-Rufai, would serve as its Secretary.