Economic crisis: Read what Buhari is doing to solve Nigeria’s challenges

The present administration of President Muhammadu Buhari has called for an economic retreat. The retreat to offer solutions to the current economic challenges facing Nigeria. The retreat is being organised by the National Economic Council (NEC), which has the 36 state governors as members



The present administration of President Muhammadu Buhari has convened an economic retreat to offer solutions to the current economic challenges facing Nigeria which will take place on Monday, March 21 and Tuesday, March 22, at the Presidential Villa, Abuja According to The Punch, the retreat is being put together by the National Economic Council (NEC), which has the 36 state governors as members and Vice-President Yemi Osinbajo as chairman.

The senior special assistant to the vice-president on media and publicity, Laolu Akande in a statement on Thursday, March 17, said President Buhari will deliver the keynote address during the retreat’s opening session on Monday. Akande said Osinbajo, being the chairman of NEC, which is an advisory body to the President, would preside over the retreat with governors from the 36 states of the federation attending.

Others expected at the meeting, include the Central Bank Governor, Godwin Emefiele; and the minister of budget and national planning, Udo Udoma, among other top government functionaries.

The statement added that the objective of the NEC retreat is to provide a forum for in-depth discussions by NEC members of the policy actions that the states and the Federal Government can consider in order to stimulate local production, cut costs and enhance public revenues among other measures to stimulate the economy.

In a related development, President Buhari said the current economic crisis, plaguing the nation, was a blessing in disguise.

The president who stated this at the opening ceremony of the International Islamic Conference on Peace and Nation Building in Abuja on Thursday, March 17, also said through the hardship, Nigerians would be able to come up with ideas that would in turn lead to development.

He said: “The global economic challenges the world is grappling with today might well turn out to be a blessing for us in Nigeria, because it will stimulate the latent economic opportunities that we have left untapped for decades.