The present
administration of
President
Muhammadu
Buhari has
convened an
economic retreat
to offer solutions
to the current
economic
challenges facing
Nigeria which will
take place on
Monday, March 21
and Tuesday,
March 22, at the
Presidential Villa,
Abuja
According to The
Punch, the
retreat is being
put together by
the National
Economic Council
(NEC), which has
the 36 state
governors as
members and
Vice-President
Yemi Osinbajo as
chairman.


The senior
special assistant
to the vice-
president on
media and
publicity, Laolu
Akande in a
statement on
Thursday, March
17, said President
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,
include the
Central Bank
Governor, Godwin
Emefiele; and the
minister of
budget and
national planning,
Udo Udoma,
among other top
government
functionaries.

The statement
added that
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.


In a related
development,
President
Buhari said the
current economic
crisis, plaguing
the nation, was a
blessing in
disguise.

The president
who stated this
at the opening
ceremony of the
International
Islamic
Conference on
Peace and Nation
Building in Abuja
on Thursday,
March 17,
also 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.

Source: https://uzopedia./2016/03/18/economic-crisis-read-what-buhari-is-doing-to-solve-nigerias-challenges/

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