19 Mar 2016

KINGSLEY IGWE

Pres Buhari To Commence Operation Save The Economy



A powerful economic retreat convened by the present administration to offer solutions to the current economic challenges facing Nigeria will hold on Monday and Tuesday next week.

The retreat, being put together by the National Economic Council, with the 36 state governors as members and Vice-President Yemi Osinbajo as chairman, will hold in the Presidential Villa, Abuja.

According to a statement on Thursday by the Senior Special Assistant to the Vice-President on Media and Publicity, Mr. Laolu Akande, President Muhammadu Buhari will deliver the keynote address during the retreat’s opening session on Monday.

Akande said Osinbajo, being the chairman of NEC, which is an advisory body to the President, would preside over the retreat with governors from the 36 states of the federation attending.

Others expected at the meeting, according to the statement, are the Central Bank Governor, Godwin Emefiele; and the Minister of Budget and National Planning, Udo Udoma, among other functionaries.

The statement reads:-

“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.”

It would be recalled that Nobel laureate, Proffessor Wole Soyinka, had called on the President to summon an emergency economic meeting to chart a course to save the country from further drift.

- See more at: http://www.naijaloaded.com.ng/2016/03/18/pres-buharis-retreat-save-economy-set-begin/#sthash.EmxZNcF9.dpuf

KINGSLEY IGWE

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