NEC Endorses 90-Day Action Plan To Ease Cost Of Living
The National Economic Council (NEC) has endorsed a 90-day economic action plan proposed by the Federal Ministry of Finance to consolidate gains from President Bola Ahmed Tinubu’s economic reforms. The plan focuses on…
The National Economic Council, chaired by the Vice-President and comprising the 36 state governors, the CBN governor and other key economic officials, meets monthly to advise on economic policy coordination between the federal and state governments. Its endorsement of this plan comes against the backdrop of sustained public anger over the high cost of living that followed the removal of the petrol subsidy and the unification of foreign exchange rates under President Tinubu's administration — reforms the government argues are necessary but which have driven up food, transport and energy costs for ordinary Nigerians.
Coverage across outlets agrees on the five priority areas said to anchor the plan: food affordability, tax harmonisation, completion of high-impact projects, resolving investment bottlenecks and household support measures, alongside Vice-President Shettima's charge to governors to translate federal reforms into tangible improvements in jobs, transport and healthcare. Reports also note that the Council used the meeting to review the health minister's briefing on Ebola preparedness. However, as Premium Times points out, specifics on funding, implementation timelines and enforcement mechanisms for the 90-day plan have not yet been disclosed, leaving key questions about how the targets will be achieved unanswered.