National Economic Council Back 90-Day Plan to Reduce Suffering for Nigeria

National Economic Council (NEC) don approve one 90-day economic plan wey go help reduce the cost of living and make food price better for Nigerians to afford.

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, present the plan for the 161st meeting of the council, wey Vice President Kashim Shettima chair virtually on Thursday.

According to one statement from Shettima spokesperson, Stanley Nkwocha, the plan focus on five areas: making food affordable, bringing tax systems together, completing major projects, removing barriers wey dey stop investment, and giving targeted support to households.

The council also approve one national dashboard wey go help track government projects and make the use of money wey government save from petrol subsidy removal more transparent.

Shettima urge state governors and government agencies to make sure say the economic reforms improve how Nigerians dey live, including affordable transport, better healthcare, more job opportunities and stronger financial security.

“The first benefit of prosperity suppose be the confidence to plan your life.

“Our work na to make sure say this confidence no depend too much on luck,” e talk.

For transportation, the council approve plans for Federal Government and state governments to jointly fund the introduction of Compressed Natural Gas (CNG) vehicles and electric vehicles.

The council also direct government officials to meet transport unions and operators to make sure say the money wey dem save from using these vehicles go benefit passengers through cheaper transport fares.

The council talk say dem suppose judge the success of this plan by how e help passengers, no be by the number of vehicles wey dem put on the road.

Meanwhile, Oyedele identify reduction of inflation and interest rates to single digits before 2027 end as important economic goals.

However, government never announce the specific steps wey dem go take or give detailed timetable for how dem go implement the 90-day plan.

The approval come as Nigerians still dey worry about high food prices and the cost of living following the economic reforms wey President Bola Tinubu administration introduce.