Vice President Yemi Osinbajo is presiding over the monthly National Economic Council (NEC) at the State House, Abuja. There has been speculations of a rift between him and President Muhammadu Buhari in the media.
Laolu Akande confirmed the meeting in a tweet on Thursday. The spokesperson to Prof. remarked that NEC is the constitutional body that advises the President on the coordination of the economic affairs of the country.
He noted that state governors, the Central Bank of Nigeria governor and some members of the Federal Executive Council were in attendance.
“Vice President Yemi Osinbajo is now presiding over the monthly National Economic Council, NEC meeting with state governor, CBN governor and some members of the FEC,” he tweeted.
He added that, “NEC is the constitutional body that advises the President on the coordination of economic affairs of the Nigerian federation”.
Reports say that NEC under the leadership of Prof Osinbajo between 2015 to April 2019 passed 173 resolutions in 38 meetings.
Some of the resolutions include the approval of $650 million seed funding as the Federal Government established Presidential Infrastructure Development Fund.
NEC also approved Community Policing in Nigeria as well as synergy among security agencies in a bid to improve intelligence gathering and end internal security crisis which included kidnapping.
The Council approved the National Transformation Livestock Plan (NLTP) which was launched by the Vice President in Adamawa on September 10.
Also under Osinbajo’s leadership NEC approved Micro, Small and Medium Enterprises (MSME) clinics to help MSME with loans, materials and to make the process of doing business easy.
Reports suggest that with the dissolution of the Economic Management Team hitherto headed by Osinbajo; and in its place an Economic Advisory Council who will report to the President- there appears to be a brewing feud or loss of influence.
Details soon…
