National Economic Council Archives - Business Today NG https://businesstodayng.com/tag/national-economic-council/ The Hub of News Reporting Sun, 03 May 2026 17:09:46 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.2 Unified Emergency Number 112 Gets NEC Backing, NCC to Drive Execution https://businesstodayng.com/unified-emergency-number-112-gets-nec-backing-ncc-to-drive-execution/ Sun, 03 May 2026 17:09:46 +0000 https://businesstodayng.com/?p=62852 BY NKECHI NAECHE-ESEZOBOR—The Nigerian Communications Commission (NCC) is set to play a central role in the rollout of a unified emergency response system following the approval of 112 as the country’s nationwide emergency contact number by the National Economic Council (NEC). As part of the directive, the NCC, alongside the Office of the Vice President, […]

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BY NKECHI NAECHE-ESEZOBOR—The Nigerian Communications Commission (NCC) is set to play a central role in the rollout of a unified emergency response system following the approval of 112 as the country’s nationwide emergency contact number by the National Economic Council (NEC).

As part of the directive, the NCC, alongside the Office of the Vice President, will spearhead a joint implementation framework involving multiple agencies to ensure a seamless and coordinated response structure across Nigeria.

The decision was reached during the 157th NEC meeting, conducted virtually under the leadership of Vice President Kashim Shettima. The move aims to streamline emergency communication and eliminate delays often associated with fragmented systems.

Speaking on the development, the Vice President emphasized that the introduction of a single emergency line is crucial in addressing urgent situations where time is critical. He noted that during crises such as accidents, security threats, natural disasters, or health emergencies, citizens require immediate assistance rather than procedural delays.

According to him, the initiative goes beyond system improvement and reflects the government’s commitment to safeguarding lives. He stressed the need for a reliable, easily accessible number backed by a responsive and well-coordinated support system.

While acknowledging that the emergency number already exists, the Vice President pointed out that the focus now is on harmonization, effective deployment, operational guidelines, public sensitization, and building confidence in the system.

He further described the Council as a key platform where both federal and state governments must translate national development goals into measurable outcomes. He urged members to prioritize decisions that directly improve the welfare of citizens, emphasizing that real impact—not meetings—will define success.

In addition to the emergency communication initiative, the Council reviewed progress on the upgrade of police training facilities nationwide. The report, presented by a committee led by Enugu State Governor Peter Mbah, received commendation for its progress so far.

NEC also directed the Ministry of Finance to fast-track the release of remaining funds for the project and advised that the first phase of implementation should reflect equitable coverage across all geopolitical zones.

The NCC’s leadership in coordinating the emergency number rollout signals a renewed effort to build a responsive, efficient, and citizen-focused emergency management system across the country

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Tinubu: We’ll Overcome Terrorism, Banditry https://businesstodayng.com/tinubu-well-overcome-terrorism-banditryo/ Mon, 09 Feb 2026 23:13:35 +0000 https://businesstodayng.com/?p=60975 President Bola Tinubu on Monday declared that Nigeria will defeat terrorism and banditry, describing the security threats as “unacceptable” and alien to the nation’s core values. Declaring open the Second National Economic Council (NEC) Conference at the State House Conference Centre, Abuja, President Tinubu assured Nigerians of his administration’s resolve to strengthen the country’s security […]

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President Bola Tinubu on Monday declared that Nigeria will defeat terrorism and banditry, describing the security threats as “unacceptable” and alien to the nation’s core values.

Declaring open the Second National Economic Council (NEC) Conference at the State House Conference Centre, Abuja, President Tinubu assured Nigerians of his administration’s resolve to strengthen the country’s security forces and restore peace across affected communities.
“I promise you here that I’ll play my part. Seven zones of mechanisation are coming. I promise Nigerians that this will be delivered, and I am here again to further find ways to strengthen our security forces and defeat terrorism.
“That, I promise you, is what has kept all of us sleepless at night, but I assure you we will win with determination and resilience. We will overcome this unacceptable terrorism and banditry. It’s not part of our culture. It’s foreign to us,” he said.
The President described insecurity as an economic hindrance, stressing that all hands must be on deck to find an immediate solution.
He particularly commended the governors of Borno, Katsina and Kaduna states, as well as others, for doing “so much to defend our freedom, liberty and our commonwealth,” he added.
Welcoming state governors, ministers, members of the National Assembly, development partners and private sector leaders to the two-day conference themed “Delivering Inclusive Growth and Sustainable National Development: The Renewed Hope National Development Plan 2026–2030,” President Tinubu described the gathering as a reflection of collective dedication to national progress.
He praised the National Economic Council, chaired by Vice President Kashim Shettima, for sustaining a vital platform for policy coordination and strategic dialogue.
“I am pleased to address the second edition of the National Economic Council Conference at a critical moment in Nigeria’s development journey. NEC remains a cornerstone of fiscal federalism and economic governance in our country,” he said.
Highlighting the key achievements of his administration thus far, President Tinubu said the economic reforms undertaken since inception have helped stabilise the economy and restore confidence.
“I must say again at this juncture, the monetary policy that we have embarked on since the reforms has yielded positive results and gained recognition around the world,” he noted.
He commended the Central Bank of Nigeria under Governor Yemi Cardoso for restoring confidence in Nigeria’s monetary policy.
President Tinubu said state and local governments now receive increased, more predictable federal allocations, enhancing their capacity to pay salaries, invest in infrastructure, and deliver social services.
He added that infrastructure development across transportation, power, digital connectivity, housing and irrigation has been prioritised.
The President also highlighted expanded social investment and human capital programmes targeting vulnerable households, youth, women and small businesses, alongside grassroots-focused initiatives under the Renewed Hope Agenda.
“The Renewed Hope Ward Development Project further demonstrates our commitment to grassroots inclusion through a bottom-up approach to national development.
“These successes reflect strong collaboration among the federal and state governments, development partners and the private sector,” he said.
In the Renewed Hope National Development Plan 2026–2030, President Tinubu explained that it represents the next phase of Nigeria’s national journey, anchored in inclusive, resilient, and environmentally sustainable growth.
“The Plan prioritises economic diversification and productivity; human capital development; subnational competitiveness based on comparative advantage; private sector-led growth; and climate resilience.
“Its success will depend largely on effective implementation at the state and local government levels, making NEC central to aligning national priorities with subnational realities.
“This Conference has reinforced collaboration, shared accountability and a focus on practical solutions and measurable outcomes.
“We must move decisively from declarations to implementation through data-driven decision-making, peer learning among states and innovative financing models,” he said.
President Tinubu told the conference that while the task before the nation is challenging, the opportunity is historic.
He expressed confidence that resolutions from the conference would advance agricultural diversification, including dairy farming, livestock investment and ranching.

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