NEC endorses 90-day plan to ease cost of living for Nigerians, but no specific details yet

The National Economic Council (NEC), chaired by Vice President Kashim Shettima, has endorsed a 90-day economic action plan proposed by the Federal Ministry of Finance. According to Daily Trust, the plan was presented by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, during the council's 161st virtual meeting.

The initiative aims to tackle the fallout of President Bola Ahmed Tinubu’s economic reforms by reducing the cost of living, improving food affordability, attracting investment, and accelerating projects that provide direct benefits to Nigerians.

The action plan identifies five priority areas: food affordability, tax harmonisation, the completion of high-impact projects, the resolution of investment bottlenecks, and regulated household support, as reported by Punch, Punch Nigeria, and This Day. Additionally, Daily Trust reports that the NEC approved the establishment of a national dashboard to track ongoing projects across the federation, focusing on transparency and the accurate reporting of how fuel subsidy removal proceeds are utilized.

During the meeting, Vice President Shettima urged governors to ensure that the objectives of the President's reform programme are translated into improved living conditions for ordinary Nigerians. This Day further notes that the Vice President tasked governors with addressing issues such as jobs, affordable transportation, and healthcare.

Brief written by urgent.news from Premium Times, Punch, Punch Nigeria, Daily Trust, This Day — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.