The National Economic Council (NEC) on Thursday endorsed a 90-day economic action plan covering five priority areas, including food affordability, tax harmonisation, completion of high-impact projects, resolution of investment bottlenecks, and regulated household support. Plans were initiated by the Federal Ministry of Finance to consolidate gains from President Bola Tinubu’s economic reforms.
NEC also approved the establishment of a national dashboard to track ongoing projects across the federation, with particular emphasis on transparency, accountability, and accurate reporting of how proceeds from fuel subsidy removal are being utilised. The plan focuses on reducing the cost of living, improving food affordability, attracting investment, and accelerating the delivery of projects with direct benefits to Nigerians.
Finance Minister and Coordinating Minister of the Economy Taiwo Oyedele unveiled the plans during the council’s 161st meeting, held virtually and chaired by Vice-President Kashim Shettima. Vice-President Shettima said that while President Tinubu’s economic reform programme was designed to achieve broader national prosperity, governments at all levels have a responsibility to translate its objectives into improved living conditions for Nigerians.
Oyedele, presenting the economic outlook, expressed optimism about the progress recorded under the Tinubu administration’s reform programme and the prospects for further economic recovery. He identified the reduction of headline inflation and interest rates to single digits by 2027 as key policy objectives, noting that the next phase of reforms would require coordinated implementation across federal and state institutions.
The finance minister’s presentation placed particular emphasis on translating macroeconomic improvements into measurable benefits for households and businesses through targeted interventions, improved fiscal coordination, and the removal of barriers to investment. Shettima charged state governors and relevant government institutions to ensure that the gains of the administration’s economic reforms translate into affordable transportation, improved healthcare, employment opportunities, and greater financial security for Nigerians. He stressed that the success of