The National Economic Council (NEC) yesterday approved far-reaching initiatives projected to unlock up to $90 billion in value by 2035. At its 149th meeting, chaired by Vice President Kashim Shettima at the Presidential Villa, NEC endorsed the establishment of a Cotton, Textile and Garment Development Board. It unveiled a comprehensive agribusiness and livestock development plan. In a statement by Senior …

The leadership tussle in the Labour Party (LP) took a dramatic twist on Monday after the Julius Abure-led National Executive Committee (NEC) of the Labour Party announced the removal of Hon Afam Ogene as LP Caucus Leader in the House of Representatives over his involvement in anti-party activities. The NEC also vowed to direct the disciplinary committee to sanction LP …

The National Economic Council (NEC) on Thursday approved the request by the Revenue Mobilisation, Allocation and Fiscal Commission to seek a National Assembly amendment to its existing Act and to provide an alternative funding source for the commission. This also includes an approval of 0.05 per cent of non-oil federation revenue as an alternative funding source for the commission. NEC …

All 36 states have submitted their positions on state police, with a majority agreeing on the need for state-controlled policing. Kaduna State Governor, Senator Uba Sani revealed this to State House Correspondents after the 147th meeting of the National Economic Council (NEC) at the Aso Rock Villa, Abuja, on Thursday. He said, “Today, one of the discussions we had at …

The National Economic Council, on Thursday, asked President Bola Tinubu to withdraw the Tax Reforms Bills from the National Assembly to allow for wider consultations and consensus building. Oyo State Governor, Seyi Makinde, said this formed part of resolutions reached at the 144th meeting of the National Economic Council at the State House, Abuja. Makinde told journalists that the council …

Only 16 of the 36 states of the federation and Federal Capital Territory (FCT) have submitted reports on the proposed establishment of state police, in view of the security situation in the country, the National Economic Council (NEC), said yesterday. NEC also yesterday endorsed the implementation of the $617.7 million Investment in Digital and Creative Enterprises, i-DICE, programme in the …

Following the removal of the petrol subsidy and the recent hike in petrol prices to up to N617/litre, the National Executive Council (NEC) has agreed on palliative measures for Nigerians. The decision was reached on Thursday at a meeting held at the Council Chambers of the State House in Abuja. The meeting, which was chaired by Vice President Kashim Shettima, …