Home / Economy / NEC To Seek Buhari’s Approval To Get Briefing From Economic Council – Osinbajo

NEC To Seek Buhari’s Approval To Get Briefing From Economic Council – Osinbajo

Vice President Yemi Osinbajo has said the National Economic Council (NEC) would have to seek approval from President Muhammadu Buhari to get a briefing from the newly constituted Economic Advisory Council (EAC).

Osinbajo stated this on Thursday in response to a request by the NEC members regarding their relationship with the newly appointed council, according to a statement by Laolu Akande, his Senior Special Assistant on Media and Publicity.

Read Also: Buhari Disbands Osinbajo’s Economic Team, Constitutes New One

According to the statement, Osinbajo, who presided over the NEC meeting at the Presidential Villa, Abuja, on Thursday, remarked that both councils serve and are for the benefit of the president.

The statement read: “If NEC wants to be briefed regularly by the Economic Advisory Council, EAC, we will request the President to do that.”

There has been an increased emphasis on Osinbajo recently after President Muhammadu Buhari disbanded the Economic Management Team (EMT) he headed.

This has led to speculations that there is a friction in the relationship between the top two leaders of the country, with the powers of the vice president been whittled down to limit his influence in the government.

Read Also: ‘Cabal’ Haunting Osinbajo Over Sidelining Them During Acting Presidency Stint

The NEC, which is also headed by Osinbajo, is made up of the 36 state governors and the governor of Central Bank of Nigeria (CBN).

The NEC is empowered by section 18 of the 1999 constitution (as amended) to advise the president on the necessary measures for coordinating the economic planning efforts and economic programmes of the various governments of the federation.

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