An economic retreat convened by the present administration to offer 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.

Meanwhile, Buhari said the current economic crisis, plaguing the nation, was a blessing in disguise.

Buhari said this at the opening ceremony of the International Islamic Conference on Peace and Nation Building in Abuja on Thursday.

The President said through the hardship, Nigerians would be able to come up with ideas that would in turn lead to development.

He said, “The global economic challenges the world is grappling with today might well turn out to be a blessing for us in Nigeria, because it will stimulate the latent economic opportunities that we have left untapped for decades.

“Poverty breeds disaffection, which in turn leads to crime and lawlessness, including confrontation against the state. To checkmate this, we must work hard to lift our economy, engage our youths and rebuild infrastructure.’’

Buhari lamented the level of official corruption in the nation, adding that it led to many years of hardship for Nigerians. He, however, promised to do everything possible to curb the menace.

While declaring the conference open, the President commended the Jama’atu Izalatil Bid’a Wa Iqamatis Sunna and the Muslim World League for the event at a time when the nation was grappling with insecurity.

Buhari, who described Boko Haram as a mindless terrorist organisation, said the Federal Government was winning the fight against insurgency.

He said once the war was over, the government would commission a sociological study to determine the origin, the remote and immediate causes of the movement, its sponsors, its international connections if any, to ensure that measures were taken to prevent a resurgence.

The President added, “The tragic paradox of the global insurgency situation is that most of the atrocities committed by various insurgents all over the world today are being carried out mainly by people who pretend to be Muslims, yet most of the victims and casualties are equally Muslims.

“No religion approves of such heinous crimes against humanity; definitely not Islam or Christianity, the two to which most Nigerians belong.

“Religious leaders must intensify their efforts to send out the real teachings of their religion in order to counter the diabolical ideology that motivates the insurgent elements.”


http://www.punchng.com/buharis-economic-retreat-starts-on-monday/

Source

What does the dullard from Daura know about Economy? Abeg he should go and seat his old a** down somewhere.

Is PMB just waking up from his slumber.

Bubu play a smart move by not allowing Lai Mohammad because Nigerians already know his way.

If l may ask

Hope thus produces results....

If l may ask do we have Finance minister or na PMB be the minister.

i hope this help in pushing Nigeria forward in the right direction.

i would have prefered to have economic experts in that meeting not the governors nor our greedy politicians ~ my opinion

Baba ride on.
It is never late in getting it right.

Sai Baba

ifyan:
If l may ask do we have Economic minister or na PMB be the minister.

What is economic minister?

There is a minister of finance?
There is a minister of budget and planning

What is minister of economic some of you wailers are just sick

Easter Retreat. Where are we gonna camp?

banki:


What is economic minister?

There is a minister of finance?
There is a minister of budget and planning

What is minister of economic some of you wailers are just sick

Thanks for the correction.

But were is our finance minister

what does a cattle rearer knows about economic system.

ifyan:
If l may ask do we have Economic minister or na PMB be the minister.

You sound so basic. Must you wail?? Have we ever had an "economic minister"??

Indeed, the Clueless One's defeat has caused a permanent brain damage to some people.

KahlDrogo:
You sound so basic. Must you wail?? Have we ever had an "economic minister"??

Indeed, the Clueless One's defeat has caused a permanent brain damage to some people.

Why are you like this, l am more concern about the progress of the Nation and not GEJ OR PMB.

I criticise base on performance.

Respect people opinion.

ifyan:
If l may ask do we have Economic minister or na PMB be the minister.

which one be economic minister again?

banki:


What is economic minister?

There is a minister of finance?
There is a minister of budget and planning

What is minister of economic some of you wailers are just sick

Most of them are kids that still live with there parents, they post any nonsense that comes to there empty head.

You mean the clueless finance minister? Confused and ineffectual finance minister who doesnt know that 16+6 = 22 not 24 as she echoed severally. Who has also turned herself to thisday article writter

ifyan:


Thanks for the correction.

But were is our finance minister

Great

d fact dat d dullard is going to organised an economic summit (sometin dat he should have done immediately after he was sworn in may last year) next week just after calls by soyinka to do so, almost 1 year of his administration speaks volume of d dullard's unseriousness towards d economy n his level of preparedness.
d dullard has no economic policy. his govt is directionless. same man who spend 12 years contesting presidential elections is governing through trial by error. no policy no working national budget. his govt is just directionless. Tufiakwa!!!!!!

There is something about prosperous economy that keeps eluding pmb

What will our blockhead governors offer?

Alright oo

Economic retreat without an economic team! SMH!!

Very good! And to the 36 Governors and the VP actively participating in the Conference, please insist on removing Emefiele and replacing him with Kemi Adeosun as CBN Governor, plead with Dr. Ngozi Okonjo Iweala to come back as Minister of Finance and investigate the Capitalization of Jaiz Islamic Bank and its subscribers. The Employment fraud in the CBN just reported by Sahara Reporter should be cancelled.