On Thursday, June 20th, President Muhammadu Buhari inaugurated the National Economic Council (NEC) which will help to steer/oversee the country’s economic ambitions for the next four years.

The NEC Membership is comprised of all the Governors of the thirty-six states of the Federation, as well as the Vice President of Nigeria. See the list below.

S/NNEC MembersStatesS/NNEC MembersStates
1Prof. Yemi OsinbajoVice-President of the Federal Republic of Nigeria19Nasir Ahmad el-RufaiKaduna State
2Okezie IkpeazuAbia State20Abdullahi Umar GandujeKano State
3Ahmadu Umaru FintiriAdamawa State21Aminu Bello MasariKatsina State
4Udom Gabriel EmmanuelAkwa Ibom State22Abubakar Atiku BaguduKebbi State
5Willie ObianoAnambra State23Idris WadaKogi State
6Bala Abdulkadir MohammedBauchi State24Abdul Rahman Abdul RazaqKwara State
7Henry Seriake DicksonBayelsa State25Babajide Olusola Sanwo-OluLagos State
8Samuel OrtomBenue State26Abdullahi SuleNasarawa State
9Babagana Umara ZulumBorno State27Abubakar Sani BelloNiger State
10Benedict AyadeCross River State28Dapo AbiodunOgun State
11Ifeanyi OkowaDelta State29Rotimi AkeredoluOndo State
12Dave UmahiEbonyi State30Isiaka Adegboyega OyetolaOsun State
13Godwin ObasekiEdo State31Oluseyi Abiodun MakindeOyo State
14John Olukayode FayemiEkiti State32Simon LalongPlateau State
15Ifeanyi UgwuanyiEnugu State33Ezenwo Nyesom WikeRivers State
16Muhammad Inuwa YahayaGombe State34Aminu Waziri TambuwalSokoto State
17Chukwuemeka IhediohaImo State35Darius IshakuTaraba State
18Badaru AbubakarJigawa State36Mai Mala BuniYobe State
37Dr Bello Muhammad MutawalleZamfara State

The President’s Message to the Governors: During the inauguration ceremony, the President disclosed that henceforth (between 2019 and 2023) State Governors will have to brace up and find ways to generate their revenues internally. This is because President Muhammadu Buhari does not plan to offer bail-outs for any States during his second term.

Instead, he said the Governors should rather look inward and focus on improving their Internally Generated Revenue (IGR) and Value Added Tax (VAT) collection.

“Going forward, States must in the next four years find ways to increase internally generated revenues, improve VAT collection and increase agricultural output without disrupting business activities.”

Recall that during President Buhari’s first term, the administration released a series of bailout funds to State Governments to help them meet up with their financial obligations in the face of economic recession.

[READ MORE: Buhari inaugurates NEC, targets all-inclusive healthcare provision]

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High Expectations: President Buhari further reiterated that he has high expectations for members of NEC, urging them to make the forum a veritable source for the articulation of policies and programmes that will take the country to the next level.

“Let me restate the high expectations on NEC as a veritable source of articulating policies and programmes that are expected to drive growth and development, secure our environment and take the country to the next level.

“I also want you to work with the Federal Agencies and the service providers in ensuring that broadband infrastructure is made available all over the country. Information and Communication Technology is the future of work and we must not allow ourselves to be left behind.”

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President Buhari and States Governors
Challenges Ahead: While admitting that there are challenges ahead, the President stressed that NEC has a mandate to advise on the right economic policy and coordination of the economic planning efforts.

“Your Excellencies, the challenges that confront us in the next few years, especially in the areas of security, human capital development and employment for our youths are monumental and historic. But we are more than equal to the task.

“I, therefore, urge the NEC Coordination Team to press forward with key initiatives that will strengthen the implementation mechanism, enhance cooperation across States and further promote joint deliberations, peer learning and experience sharing, under a very strong Monitoring and Evaluation Framework”

President Buhari, Mr. Godwin Emefiele and some State Governors
Furthermore, President Buhari charged the Governors to pay special attention to the four major issues of security, education, health, and agriculture in the coming years of the current administration. He also solicited for collective and deliberate efforts by all in the effort to improve the security situation in the country.

“Your Excellencies, I want you to pay special attention to the four major issues of security, education, health, and agriculture in the coming years of this tenure. As you are no doubt aware, our successes in these four areas will go a long way in lifting our people out of poverty and secure our future for sustainable growth and development.

“On Security, the government will continue to rate the security of lives and properties as the top priority on our agenda. We are firmly committed to securing the territorial integrity of our nation while confronting the remnants of terrorists, bandits and other criminals across the country.”

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