President Bola Ahmed Tinubu on Thursday inaugurated the National Economic Council (NEC), chaired by Vice President Kashim Shettima, and warned that there is no time for rhetoric as Nigerians are yearning to see pragmatic reforms that would help them escape poverty.
According to Tinubu, the task on ground is about turning around Nigeria’s economy from its age-long status of “potential to pragmatic.”
He avowed that he had kicked off the process with the removal of fuel subsidy and the unification of exchange rates, calling on the 36 state governors to join in the effort for national development.
While inaugurating the council, an advisory body comprising the 36 state governors, the CBN governor, and other stakeholders, at the State House, President Tinubu listed eight priority areas for urgent attention.
The President said: “It is worthy of note that the monthly meeting of NEC chaired by Vice President Kashim Shettima has remained officially the economic platform for robust dialogue among the federal government, the 36 state governors, the CBN, and other key stakeholders.
“In my inaugural speech of May 29th, 2023, I expressed this administration’s commitment to improving the lives of Nigerians in a manner that not just reflects our humanity but encourages compassion towards one another and duly rewards our collective efforts to resolve the social ills that seek to divide us.
“I also listed the principles that will guide our administration, and they are as follows: to be partial and govern according to the constitution and ensure the rule of law; to defend the nation from terror and all forms of criminality; to promote economic growth and development through job creation, food security, and putting an end to poverty; to prominently feature women and youths in all our activities; to take proactive steps such as championing a credit culture; and to discourage corruption while strengthening the effectiveness and efficiency of various anti-corruption agencies.”