NEWS: National Economic Council inauguration holds Monday

President Muhammadu Buhari will on Monday inaugurate the National Economic Council (NEC) to be constitutionally headed by Vice President Yemi Osinbajo.

The inauguration will hold at the Presidential Villa by 11am.

The NEC, which is expected to meet every month, normally have members including all state governors, Ministers of National Planning, Finance, and Justice.

Others who are usually members of the Council are the Minister of the Federal Capital Territory and Governor of the Central Bank of Nigeria (CBN).

One of the constitutional responsibility of the Council is to give advise to the President on economic affairs of the Federation.

Particularly, the Council is to advise on the necessary measures for co-ordination of the economic planning efforts and economic programmes of the various government of the federation.

The NEC, under the administration of former President Goodluck Jonathan, was not holding regularly and in some instances was not held for a period of six months.