The Federal Government has announced improvements in the nation’s economy, with the Excess Crude Account (ECA) which stands at $473.75 million and the Natural Resources Fund which is N53.89 billion.
The Minister of Finance, Wale Edun, disclosed this at the 142nd National Economic Council (NEC) meeting, presided over by Vice President Kashim Shettima in Abuja.
Vice President Shettima attributed Nigeria’s improved economic outlook to President Bola Tinubu’s financial prudence and transparency framework.
He said, “We highlighted Nigeria’s improved credit outlook by Fitch Ratings, owing to Mr. President’s transparency and effective financial management to further the nation’s economic progress.
“Today, as we prepare for the agenda of the day, I am excited by the presence of His Excellency, President Tinubu, a reservoir of ideas, a visionary extraordinaire, as he guides us towards finding common ground.
“Nobody can do so better than he does, and it is this rare political virtue that has made him the unifying nucleus of our aspirations to serve the nation. He is the Jagaban, the front-row commander, for a reason.”
The NEC meeting also ratified the nomination of six state governors as members of the Board of Niger Delta Power Holding Company (NDPHC), representing the six geopolitical zones. The governors are from Borno, Katsina, Imo, Ekiti, Kwara, and Akwa Ibom States.
The council noted the importance of NDPHC to the country’s economic development and approved the nominations.
The meeting also saw presentations from various ad hoc committees, including the Ad Hoc Committee on Flood, Erosion, Drought, and Desertification, and the Ad-Hoc Committee on Economic Affairs.
