National Economic Council Grants States Relief

 National Economic Council Grants States Relief

2ND 2016 (66TH) NEC MEETING

2ND 2016 (66TH) NEC MEETING
2ND 2016 (66TH) NEC MEETING
President Muhammadu Buhari has granted state governments relief from the monthly deductions regarding CBN salary assistance loans, to enable the states recover fully from the current financial crunch.
Minister of Finance, Mrs Kemi Adeosun said this while briefing State House correspondents on the outcome of the National Economic Council meeting presided over by Vice President Yemi Osibanjo.
The Minister called on the state governors to submit details of their financial data to enable the government to predict how much support they would be needing.
Also, the National Economic Council is to reconstitute the board of the Niger Delta Power Holding Company with representatives from the six geopolitical zones.
The National Economic Council also adopted the national road safety strategy document to address the current overlap and streamline the role and responsibility of the road safety management activities.
The council decried the current petrol crisis in the country urging Nigerians to be patient with the NNPC as efforts are in place to get the queues out by next week.
The National Economic Council (NEC) meeting, was summoned by the Presidency barely 24 hours after the Federal Executive Council meeting.
The meeting, presided over by Vice President Yemi Osinbajo, had most of the governors in attendance.
The meeting also discussed strategies to boost Nigeria’s reserves in the Excess Crude Account and then the power challenges in the country.

LTV

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