Fidelity bank card banner Camano banner

Buhari inaugurates National Economic Council, pledges to be transparent

By News Express on 29/06/2015

Views: 2,538

President Muhammadu Buhari has inaugurated the National Economic Council (NEC), with a pledge to ensure accountability, transparency and integrity in the distribution of funds in the Federation Account.

They are made up of the 36 State Governors, the Minister of the Federal Capital Territory and Permanent Secretaries for the key ministries that have something to do with the economy.

At the inauguration ceremony today in Abuja, President Buhari insisted that all revenues from the Nigerian National Petroleum Corporation, Nigerian Customs Service, Federal Inland Revenue Service, Nigerian Ports Authority, Central Bank of Nigeria, Nigerian Maritime Administration and Safety and the Liquefied Natural Gas, among others, should be remitted into the Consolidated Revenue fund.

The President reminded the council members of issues and challenges facing the oil-rich nation, from insecurity to unemployment, corruption power shortages and his commitment to be visionary in order to surmount the challenges.

He made reference to remittances to the Federation Account by government agencies and pledged to ensure accountability and transparency in the distribution of funds from the Federation account.

President Buhari also pledged to abide by the Constitution of the Federal Republic of Nigeria.

He pledged his renewed commitment to the fight against the Boko Haram terrorists, urging front line states to articulate assessment of the destructions in their states for submission to the G7, which had requested for the document.

The Nigerian President further reiterated his high expectations from the National Economic Council.

Addressing the Governors, President Buhari urged them to, as a matter of urgency, explore efficient means of liquidating all unpaid salaries of staff, which have brought untold hardship to thousands of families.

He said there was the need for states to cooperate closely on projects such as interstate and feeder roads, soil erosion, desertification and other developmental programmes.

President Buhari also urged them to separate politics from development programmes.

The NEC serves as an advisory body to the President on economic matters and is made of the 36 State Governors and select members of the Federal Executive Council.

According to tradition, the council is expected to be chaired by the Vice President, Professor Yemi Osinbajo.

With Ministers yet to be appointed, the Permanent Secretaries of some ministries such as finance, and national planning as well as the Governor of the Central Bank of Nigeria were at the inauguration.

The council will draw up the economic blue print for the current administration.

The inauguration of the NEC was held amidst criticisms against President Buhari of delays in constituting his cabinet and making key appointments for his administration, a month after being sworn in as president.

On Sunday the opposition Peoples Democratic Party (PDP) claimed the Buhari’s administration was finding it difficult to locate its bearing and even take off and face the challenges of governance at the centre, resulting in “30 days of all motion and no movement.”

The party warned that the scenario was not a good one for the polity.

The PDP further urged Nigerians to join hands in prayers to save the government from further “inaction and dithering.”

Source News Express

Posted 29/06/2015 3:40:13 PM





You may also like...
Tribunal upholds Ugwuanyi’s election, opposition parties urged to...

Mnangagwa takes over power in Zimbabwe

House in rowdy session over El-Zakzaky

Energy professionals, stakeholders brainstorm in Abuja •Proffer solutions...

Zamfara 2019: Yari, Yerima battle for supremacy

Court orders arrest of INEC Chairman, Mahmood Yakubu...

NCC, CBN intervene in Etisalat debt crisis

Why FRSC, others have not received November Pay:...

Senator Oduah hosts constituents, gives account of stewardship...

Western Post for launch today in Ibadan

Kidnappers demand N10m to release Catholic priest

Buhari, Osinbajo get May 28 deadline to submit...


Latest News Many reported dead as Boko Haram go on rampage in parts of Borno Terrorists ambush, kill 5 soldiers Meet Buhari’s Minister who rose from Messenger to the top Generator fumes kill couple Joint security panel worried over Wadume’s video I know nothing of Interior Ministry — Aregbesola PDP clears 34 aspirants for Kogi, Bayelsa Gov Primaries Travellers stranded as Nigeria suddenly shuts down Seme Border UNILAG graduate beats 15 contestants to get $1.5m LNI scholarship in AUB Dickson seeks international community’s support for credible Bayelsa governorship poll We must increase revenue or Nigeria slips into fiscal crisis — Finance Minister Workers jubilate as Amaechi returns to Transportation Ministry


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (529,526 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (438,803 views) Shameless Genevieve Nnaji exposes breasts in public (383,694 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (322,662 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (290,470 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (251,335 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (246,130 views) 10 cars more expensive than Jets (233,158 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (228,079 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (214,298 views) Lagos plane crash: Journalist releases victims’ names (193,151 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (191,038 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (98) Business & Economy (4,400) Business Verdict (79) Columnists (1,095) Complaints & Requests (95) Enterprise & Opportunities (215) Entertainment (648) Features (795) Global Business Monitor (420) ICT Monitor (58) International (3,851) Interview (198) Live Commentary (30) Love Matters (166) Maggie's Blog (383) News (50,261) Opinion (1,327) Pidgin (17) Politics (11,331) Religion (1,085) Sports (2,133) Stock Watch (39) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera