By Timothy Choji, Abuja
The National Economic Council has expressed its full support for President Bola Tinubu’s comprehensive eight-point agenda, recognizing it as the key to driving Nigeria’s development. This endorsement was made during the Council’s most recent meeting, which was presided over by Vice President Kashim Shettima and attended by prominent government officials.
In his address to State House Correspondents after the meeting, the Minister of Budget and Economic Planning, Atiku Bagudu, emphasized the significance of President Tinubu’s agenda and applauded his efforts to attract investments from around the world.
Minister Bagudu stated, “The Council greatly appreciates President Bola Tinubu’s eight-point agenda and commends his global investment drive, as well as the measures he has already taken towards its realization.“
The Minister further mentioned that the Council expressed satisfaction with the collaboration between the central and state governments in Nigeria. He urged the states to take advantage of the opportunities presented by the new Electricity Act and explore possibilities in the energy sector.
“Specifically, the Council emphasized the need for robust implementation of key resolutions through collaboration between the federal and state governments.” Minister Bagudu disclosed.
The Minister also highlighted the importance of energy sufficiency for sustainable economic development. He urged all levels of government to promote the transition of heavy-duty industries from fossil fuel to gas infrastructure, taking into account the provisions of the new Electricity Act, which grant states and individuals the power to participate in all aspects of the energy sector.
Bagudu further emphasized the significance of energy audits for state governments, as they will help in determining their energy needs and identifying areas for collaboration with the private sector, based on their competitive advantages.
The National Economic Council’s endorsement of President Tinubu’s development agenda is a significant step towards advancing Nigeria’s economic growth and prosperity. With the support and collaboration of both federal and state governments, the nation is set to embark on a transformative journey towards a better future.
