President Bola Tinubu, on Thursday inaugurated the National Economic Council at the Council Chamber of the State House Abuja.
It was learnt that the council will be headed by Vice-President Kashim Shettima.
Thursday’s inauguration comes a week after Tinubu directed council members to concretise intervention plans to mitigate the effects of the petroleum subsidy.
Tinubu, who inaugurated the NEC at 11:25 am, said the task of growing the nation’s economy is quite enormous.
“Therefore, there will be no excuse for failure or complain as all the elected officials, asked, campaigned and danced for the job,” the president said.
The president also urged the council to work together and support his administration’s mandate to transform the economic fortunes of the country saying “Collaboration is. Not a crime. Please let u do so.”
The President reiterated that his administration would focus on eight priority areas namely security, economy, job creation, agriculture, infrastructure, fuel subsidy, monetary policy, and foreign policy.