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News

NEC Holds 2-day Retreat Next Week

Farouk Mohammed
By Farouk Mohammed
Published: March 17, 2016
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The National Economic Council, (NEC) will hold a two-day Retreat next week from Monday, March 21 to March 22.

A statement by the Senior Special Assistant on Media and Publicity, Laolu Akande, said that President Muhammadu Buhari will deliver the keynote address during the formal opening session on Monday morning.

Vice President, Yemi Osinbajo, as Chairman of NEC, which is an advisory body to the President, would preside over the retreat with governors from the 36 states of the federation attending, including the Central Bank of Nigeria (CBN) Governor and the Budget & Planning Minister among other top government functionaries.

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The objective of the NEC Retreat, the statement said, is to provide a forum for in-depth discussions by NEC members of the policy actions that the States and the Federal Government can consider in order to stimulate local production, cut costs and enhance public revenues among other measures to stimulate the economy.

Stressing that the Retreat is not an emergency national economic conference, the statement said: “The idea was mooted at the last regular NEC meeting in January, where members requested an intensive session to review economic trends and evolve strategies to cope.”

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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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