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Buhari opens NEC retreat, targets 10,000mw electricity (Photos)
President Muhammadu Buhari on Monday opened a 2-day National Economic Council (NEC) retreat in Abuja.
The president in his keynote address stated that decisions reached at the retreat will not be final but only contributions for economic development and subject to review as they progress.
He took participants through random policy projections in four selected sectors namely agriculture, power, manufacturing and housing, highlighting the need for the country’s agricultural sector to be able to ensure local food production for food sufficiency, as more funding and appropriate resources must be provided to achieve this.
Read also: Economy: NASS hosts round-table to find solutions
Those at the vent included Vice President, Prof. Yemi Osinbajo, state governors, ministers and CBN officials.
The National Economic Council Retreat provides a forum for in-depth discussions by members of the policy actions that the states and the Federal Government could consider in order to stimulate the economy.
Speaking further, the president said his administration must do everything necessary to increase power generation and distribution from its present status of about 1,500 to 3,500 megawatts with additional 2000 to improve the economy.
The president stated that before his government winds up in 2019, he would achieve a historic 10,000 megawatts of electricity.
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