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The National Economic Council (NEC) on Thursday gave a one-week ultimatum to three Northern States and the Federal Capital Territory (FCT), Abuja, to submit their position paper on the proposed creation of state police.
Governor of Bayelsa State, Duoye Diri, who briefed newsmen at the end of the NEC meeting presided over by Vice President Kashim Shettima, at the Presidential Villa, Abuja, mentioned that three states, Adamawa, Kebbi and Kwara, as well as FCT, continued to dilly-dally in the assignment.
Also, NEC gave the status of the Excess Crude Account (ECA), which it said stood at $473,754.57; the Stabilisation Account N33,324,135,076.39; and the Natural Resources Account, N26,847,747,854.93.
Minister of Budget and Economic Planning, Atiku Bagudu disclosed that NEC received a presentation by the chairman of the Revenue Mobilization Allocation and Fiscal Commission on the alternative funding of revenue for the Revenue Mobilisation, Allocation and Fiscal Commission.
The National Economic Council (NEC) alos resolved to reinforce the implementation of the National Electrification Strategy in a bid to end the collapse of the nation’s power grid.
Accordingly, the Council has constituted a committee on National Electrification to help address the challenges in the power sector.
The committee, headed by Cross River State Governor Bassey Otu, will work to deepen states’ engagement in the Electricity Reform Act 2023 and the National Electrification Strategy and Implementation Plan.
Earlier in his address, Vice President Shettima maintained that access to energy is a fundamental right and not a privilege because electricity is the oxygen of economic growth.
He outlined urgent issues before the Council, including energy infrastructure, human capital development, creative industries, fiscal strategy, industrial innovation, and long-term development planning, describing them as foundational to Nigeria’s transformation. END!!!!
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-Duoye Diri-Governor of Bayelsa State
Source: Swifteradio.com