But the President of the NLC, Ayuba Wabba, said the consequences of the proposed sale of the strategic assets would be more grievous if Nigerians do not stop the government from doing so
Browsing: National Economic Council
PENGASSAN described the plan to sell the national assets as a self-destructive move to Nigeria
The Governors made their position known during the National Economic Council meeting in Abuja on Thursday
The NEC made its position known after a meeting on Thursday in Abuja
“The Accountant General of the Federation reported that the dollar account as at November 2015 ending has a balance of $26.389 million, while the pounds sterling has a balance of £19,000,033
Also, the firms are to look into the account books of all the revenue generating agencies of the Federal Government
According to the directive, this measure is specifically to promote transparency and facilitate compliance with sections 80 and 162 of the 1999 Constitution
Okonjo-Iweala gave the defence in response to the position of the Forum of Finance Commissioners that the Federation Accounts Allocation Committee did not give her the approval to withdraw the money
The committee was set up at the 58th meeting of the council, which was re-inaugurated by President Muhammadu Buhari, under the chairmanship of Vice President Yemi Osinbajo
Amaechi, who read the communiqué of the meeting to newsmen, said the Forum noted that the NEC meeting had been postponed for five consecutive months without reasons
He said the Committee is laying a lot of emphasis on prosecution, assuring the international community that all cases are being streamlined by the legal task force headed by the Minister for Justice and that some cases will be starting soon
Rising from its monthly meeting on Thursday, NEC, which comprises the 36 state governors, suggested that one university from each of the six geopolitical zones, should be expanded to accommodate between 150,000 and 200,000 students
Rising from its statutory monthly meeting in Abuja, the National Economic Council, which comprises the 36 state governors and chaired by Vice President Namadi Sambo, the federal and state governments, after receiving briefing on the available facilities from the Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, decided to go for the loans
They said notwithstanding the fact that the face-off over the handling of the Excess Crude Account between the states and the Federal Government is in court, there was the need for Jonathan to urgently approve the release of the $1 billion