The National Economic Council has postponed its meeting originally scheduled for Thursday, though no official reason was given for the delay.
The council, chaired by Vice President Kashim Shettima, is constitutionally mandated to advise the President on economic affairs, particularly measures to coordinate economic planning across federal and state governments. Its membership includes all 36 state governors, the Central Bank Governor, and other key government officials.
The postponement comes as at least 11 governors were spotted in Kaduna State attending project commissioning ceremonies presided over by President Bola Tinubu. This likely affected the NEC’s quorum requirements.
At its last meeting in April (the 149th session), the NEC had approved significant economic measures, including: Establishment of a Cotton, Textile, and Garment Development Board; New strategies for agribusiness expansion; Livestock transformation projects projected to generate $90 billion in economic value by 2035.
The council plays a critical role in shaping Nigeria’s economic policies, with its postponed meeting expected to be rescheduled soon. Observers note the timing coincides with increased federal-state collaboration on development projects across the country.
No new date has been announced for the deferred meeting, which was expected to review progress on the previously endorsed economic initiatives and potentially consider new policy measures.
