Finally, Buhari Sets Up Economic Council, Pledges to be Transparent … Osinbajo is Chairman

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.
At the inauguration ceremony on today, 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 further told State Governors 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.

“All Motion, No Movement”

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”.

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