NEC Endorses 90-Day Economic Plan to Lower Living Costs
On October 22, 2026, the National Economic Council (NEC) endorsed a 90-day economic action plan proposed by the Federal Ministry of Finance to enhance President Bola Ahmed Tinubu's reform initiatives. The plan, presented by Finance Minister and Coordinating Minister of the Economy Taiwo Oyedele during the Council's 161st virtual meeting, targets five key areas: food affordability, tax harmonization, completion of high-impact projects, removal of investment bottlenecks, and regulated household support.
The NEC also approved a national dashboard to monitor project expenditures related to the fuel subsidy removal. Vice President Shettima emphasized that economic policies should positively impact citizens' lives and urged state governors to leverage local knowledge for effective national policy implementation.
Additionally, the NEC resolved to establish a joint federal-state financing framework for deploying Compressed Natural Gas (CNG) and electric vehicles, ensuring lower fares for commuters.
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