President
Muhammadu Buhari has granted state governments relief from the monthly
deductions regarding CBN salary assistance loans, to enable the states recover
fully from the current financial crunch.
Minister of Finance, Mrs Kemi Adeosun said
this while briefing State House correspondents on the outcome of the National
Economic Council meeting presided over by Vice President Yemi Osibanjo.
The Minister called on the state governors to
submit details of their financial data to enable the government to predict how
much support they would be needing.
Also, the National Economic Council is to
reconstitute the board of the Niger Delta Power Holding Company with
representatives from the six geopolitical zones.
The National Economic Council also adopted
the national road safety strategy document to address the current overlap and
streamline the role and responsibility of the road safety management
activities.
The council decried the current petrol crisis
in the country urging Nigerians to be patient with the NNPC as efforts are in
place to get the queues out by next week.
The National Economic Council (NEC) meeting,
was summoned by the Presidency barely 24 hours after the Federal
Executive Council meeting.
The meeting, presided over by Vice President
Yemi Osinbajo, had most of the governors in attendance.
The meeting also discussed strategies to
boost Nigeria’s reserves in the Excess Crude Account and then the power
challenges in the country.
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