An economic retreat convened by the present administration to proffer solutions to the current economic challenges facing Nigeria will hold on Monday and Tuesday next week.

The retreat, being put together by the National Economic Council, which has the 36 state governors as members and Vice-President Yemi Osinbajo as chairman, will hold in the Presidential Villa, Abuja.

According to a statement on Thursday by the Senior Special Assistant to the Vice-President on Media and Publicity, Mr. Laolu Akande, President Muhammadu 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, according to the statement, are the Central Bank Governor, Godwin Emefiele; and the Minister of Budget and National Planning, Udo Udoma, among other top government functionaries.

The statement reads, “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.

“Contrary to suggestions, the retreat is not an emergency national economic conference.

“The idea was mooted at the last regular NEC meeting in January, where members requested an intensive session to review economic trends and evolve strategies to cope.”

The retreat, which was earlier fixed for March 10 and 11, was later put off to allow for more preparations on the part of the organisers.

Nobel laureate, Prof. Wole Soyinka, had called on the President to summon an emergency economic meeting to chart a course to save the country from further drift.

Soyinka, who made the call when he visited the Minister of Information and Culture, Alhaji Lai Mohammed, in Abuja, had said experts and consumers should be invited to the meeting.

“The President should call an emergency economic conference, with experts to be invited; consumers, producers, labour unions, university experts, professors, etc. I think we really need an emergency economic conference, a rescue operation, bringing as many heads as possible together to plot the way forward,” Soyinka had said.

– Punchng.com.


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