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NEC introduce stimulus package running into N2 trillions – Osinbajo

By Oluwaseun Sonde

Vice President, Prof Yemi Osinbajo has said National Economic Council NEC has developed a national Economic Sustainability Plan, which such plan is expected to introduce a substantial stimulus package running into a couple trillion Naira, to ensure Nigeria as a country gets through the COVID-19 economic challenges.

Speaking during the virtual meeting of NEC in Abuja on Thursday, with a resolution to ensure a more effective synergy between the Federal Government and the sub-nationals especially in matters related to the fallouts of the COVID-19 pandemic, including how to effectively and efficiently reopen the Nigerian economy after the lockdowns and shutdowns across the country.

He said it’s a path of growth and development for the Nigerian economy by ensuring massive productivity in several sectors including agriculture, power, infrastructure, technology and several others. “To this end the NEC resolved to hold a meeting next week with the ESC. The Council would be represented at the meeting by its earlier constituted Special COVID-19 Committee.

He added that the Committee will ensure that there would be an even more effective collaboration and coordination between the Federal Government’s Presidential Task Force and the States of the Federation including the FCT. “Besides, NEC also resolved to cooperate with the Economic Sustainability Committee”.

The meeting was chaired by Vice President, the Council, composed of all the 36 State Governors, the FCT Minister, Central Bank Governor and other top officials of the Federal Government, specifically decided today to set up a lean committee of seven to work with the Presidential Task Force on COVID-19. The Committee to be led by Delta State Governor, Dr. Ifeanyi Okowa, also includes the Governors of Lagos, Kano, Bauchi, Anambra, Plateau, and the FCT Minister.

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