The National Economic Council (NEC), made of the governors of the 36 states of the federation have scheduled a two-day Retreat next week beginning Monday. President Muhammadu Buhari will deliver the keynote address during the formal opening session.
A statement from the spokesman of Vice President Yemi Osinbajo who will chair the retreat, Mr. Laolu Akande, said that the Central Bank Governor and the Budget & Planning Minister were among other top government functionaries that will attend the retreat.
Akande said that the objective of the NEC Retreat 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.
“Contrary to suggestions, the Retreat is not an emergency national economic conference. 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.” [myad]
