National Economic Council
President Yar’Adua inaugurates National Economic Council
Sep 4, 2007, 12:28
| | President Umaru Musa Yar’Adua has inaugurated the National Economic Council (NEC) on August 4 in Abuja.
The President while welcoming members of the council to the meeting being the first under his Administration noted that, NEC is charged with the responsibility of advising the President on the economy as well as national economic policies and programmes in line with the 1999 Constitution of the Federal Republic of Nigeria.
The body equally considers recommendations emanating from lower planning bodies such as the Joint Planning Board and the National Council on Development Planning.
He noted that the Constitution charged NEC with roles that are very critical to the attainment of the rapid growth and development of the Nigerian economy, which his Administration is unwaveringly committed to.
“Since the day we were inaugurated into office, we have steadfastly reiterated our pledge to transform ours into a world class economy; one that would be ranked among the top 20 in the world by 2020.”
President Yar’Adua said that transforming this commitment into concrete reality will require the dedication, focus, and collective will of all whom Nigerians have given charge of directing the course of the nation’s restoration.
He expressed his conviction that, given the richly diverse experiences of its membership, the Council has all that is required to be the architect of the roadmap that will lead Nigeria to greater heights.
He assured the council of the unequivocal support of the Federal Government, as it deliberates on issues of strategic economic importance to the nation.
Click for the President’s address in full.
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