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Home Business News

NEC sets up committee to address unemployment and improve national security

Omokolade Ajayi by Omokolade Ajayi
October 27, 2020
in Business News
FG to buy only locally assembled vehicles for its use, NEC sets up committee to address unemployment and improve national security, PEBEC, Twitter deactivate Yemi Osinbajo's Twitter account, How Nigeria's LPG sector can create 2 million jobs -Osinbajo, budget support, NEC okays $250 million investment in NSIA , MSMEClinic gets 200,000 capacity yam storage facility in Benue, Accusations of Yemi Osinbajo receiving N4 Billion from recovered loots are baseless- Presidency, FG rolls out N2.3 trillion survival funds for MSMEs; see criteria , Presidential Enabling Business Environment Council (PEBEC) reforms to boost investments – Osinbajo, Public-Private Partnership infrastructure model a result of successful tax credit initiative - Vice President

Vice President Yemi Osinbajo

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At the National Economic Council (NEC) meeting held yesterday, a resolution was reached by the Council that deeper needs and demands of the #EndSARS protests should be addressed by both Federal and State Governments. Hence, a committee was set up to engage the youths on unemployment, examine the underlining issues of the protests, and find solutions to improve national security.

READ: FG to inject over N198 billion on capital projects in power sector in 2021

This information is contained in the circular issued by the National Economic Council after the over 4 hours meeting and also a confirmatory tweet by Laolu Akande, the Senior Special Assistant on Media & Publicity to the Vice President, Prof. Yemi Osinbajo. 

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After over 4 hours of deliberations:
 NEC SETS UP COMMITTEE TO ENGAGE YOUTHS, OTHERS ON EMPLOYMENT, SOCIAL SAFETY NETS & NATIONAL UNITY

*COMMENDS NIGERIAN POLICE, SECURITY AGENCIES ON HANDLING OF DISTURBANCES IN SOME STATES

— Laolu Akande (@akandeoj) October 26, 2020

At the end of the emergency meeting, a Joint Committee was set up by the Chairman of Council, VP Yemi Osinbajo, SAN, to work with State governments represented by the Governors of Ebonyi, Ondo, Niger, Delta, Borno, and Sokoto states to implement the resolutions of the emergency meeting. 

READ: Nigeria’s total public debt stock increased by N2.381 trillion in 3 months

The National Executive Council during the meeting affirmed an unequivocal belief and assurance that most members of the nation’s security personnel are law-abiding and are capable of restoring law and order in the country. 

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What you should know 

The Committee would be chaired by the Vice President, while other members of the Committee are Governors of Sokoto, Borno, Niger, Ondo, Ebonyi, and Delta states. 

READ: FG says proposed N2 trillion pension fund debt would come via bonds 

The Joint Committee set-up by NEC is to see to the implementation of the following frameworks and the given objectives: 

  • Framing of a new security and stability architecture for the country. 
  • A framework of engagement with the youth, civil society, and religious leaders, in a bid to promote national unity. 
  • A framework to engage with security agencies that will devolve more control to State governors, who are the Chief Security Officers (CFO) of their states. 
  • A framework for the Federal Government to provide compensation for those who have incurred losses in the last few weeks. 
  • And a social security framework for the youth and Nigerians to deal with the problem of unemployment and poverty in the country. 

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Tags: #EndSARSNational Economic CouncilNECNigeria News
Omokolade Ajayi

Omokolade Ajayi

Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor.

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