President Tinubu Inaugurates National Economic Council, Aims to Revive Nigerian Economy

President Tinubu Inaugurates National Economic Council, Aims to Revive Nigerian Economy

…By Dorcas Funmi for TDPel Media. President Bola Ahmed Tinubu has officially inaugurated the National Economic Council (NEC) with Vice President Kashim Shettima serving as the head of the council.


The inauguration took place at the Council Chambers of the State House in Abuja.

During the event, Tinubu emphasized the importance of the Council’s collaboration with his administration in revitalizing the economic well-being of Nigerians.

Responsibilities and Composition of the NEC

The NEC is scheduled to convene on a monthly basis and has been entrusted with the task of advising the President on matters related to the economic affairs of the Federation.

Specifically, the council is expected to provide guidance on measures required to coordinate the economic planning efforts and programs of the various governments across the Federation.

The NEC consists of the 36 State Governors, the Governor of the Central Bank of Nigeria, and other government officials who are invited to participate.

President Tinubu’s Address at the Inauguration

In his address during the NEC inauguration, President Tinubu acknowledged the magnitude of the task of bolstering the country’s economy.


He reminded the state governors that they actively sought and campaigned for their positions, indicating that they have willingly taken on the responsibility without grounds for complaint.

For those interested, the complete speech delivered by President Tinubu at the NEC inauguration is available in the video shared on social media.

The video captures his remarks, wherein he discusses the enormous nature of the economic growth challenge and reminds the state governors of their voluntary commitment to this task.

“The task of growing our economy is enormous but you and I asked for this job.

We campaigned for it, we danced for it and even begged for it, so we have no reason to complain…” – President Tinubu to State Governors (@DOlusegun) June 15, 2023]


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