The plan also seeks to attract investment, eliminate barriers to business activities and fast-track the completion of projects expected to deliver direct benefits to Nigerians.
According to a statement issued by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications in the Office of the Vice-President, the council endorsed the proposal at its 161st meeting, held virtually on Thursday under the chairmanship of Vice-President Kashim Shettima.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, presented the plan to council members.
The initiative outlines five priority areas: food affordability, tax harmonisation, completion of high-impact projects, removal of investment bottlenecks and regulated household support.
As part of efforts to strengthen accountability, NEC also approved the establishment of a national dashboard to monitor ongoing projects across the country. The platform is expected to improve transparency and provide accurate information on project implementation and the use of funds generated from the removal of the petrol subsidy.
Presenting the economic outlook, Oyedele expressed optimism about the progress of the Federal Government’s reform programme and the prospects for further economic recovery.
He identified bringing headline inflation and interest rates down to single-digit levels by 2027 as key policy objectives, stressing that achieving the targets would require coordinated action by federal and state governments.
The minister also emphasised the need to ensure that improvements in key economic indicators translate into tangible gains for households and businesses.
He said targeted interventions, stronger fiscal coordination and the removal of obstacles to investment would be important in extending the benefits of economic reforms to Nigerians.
The 90-day plan is designed to accelerate the implementation of priority measures while addressing challenges that continue to affect the cost of living and the ease of doing business.
Speaking at the meeting, Shettima said the ultimate objective of the President’s economic reforms was to promote national prosperity, but stressed that governments at all levels must ensure the benefits are reflected in the daily lives of citizens.
He urged state governors and relevant institutions to prioritise measures that would improve access to affordable transportation, strengthen healthcare delivery, create employment opportunities and enhance the financial security of Nigerians.
The vice-president maintained that economic progress should give citizens greater confidence in planning their futures, rather than leaving their livelihoods excessively exposed to uncertainty.
“The first dividend of prosperity should be the confidence to plan a life. Our task is to make such confidence less dependent on fortune,” he said.
His remarks underscored the need for closer collaboration between federal and state authorities to ensure that economic policies deliver practical improvements in living standards.
The approved action plan is expected to focus government efforts over the next 90 days on priority interventions aimed at easing economic pressures, supporting investment and accelerating projects with direct benefits for the population.
