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BREAKING: Tinubu begins move to revive Nigeria’s economy, inaugurates National Economic Council (Video)

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President Bola Tinubu has inaugurated the National Economic Council (NEC), with a promise to sustain the rejuvenation of the nation’s economy.

The council was inaugurated today, Thursday, June 15, 2023, at the Presidential Villa in Abuja.

Addressing members Governors of the federation, President Tinubu charged the council to join forces to support his administration towards transforming the nations economy.

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He reminded the council of the promise made during his inaugural speech that he would focus on 8 priority areas including Security, Economy, Job creation, Agriculture and Infrastructure among others.

President Tinubu further noted that the task of the growing the economy is quite enormous but he and the Governors should have no reason to complain, as he underlined the need harness the Nations potentials to stimulate serious growth.


The inauguration comes a week after he directed NEC to meet and come up with interventions to mitigate the effects of the petroleum subsidy.

The NEC will be headed by the Vice President, H.E Kashim Shettima.

The National Economic Council was established by the provisions of the Constitution of the FRN, 1999, as amended; Section 153(1) and Paragraphs 18 & 19 of Part I of the Third Schedule. Membership of the NEC comprises of the 36 State Governors, the Governor of the CBN and other co-opted Government officials.

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