Vice President Yemi Osinbajo is presiding over a virtual meeting of the National Economic Council, NEC, at the Presidential Villa, Abuja.

Under the Nigerian Constitution, the vice president is the chairman of NEC.

The council’s meeting is held monthly to deliberate on the coordination of the economic planning efforts and economic programmes of the various levels of government.

NEC comprised of the 36 state governors, the governor of Central Bank of Nigeria, Minister of Finance, Secretary to the Government of the Federation, and other government officials whose duties hinged on the economy.

At its first meeting of 2022 on Jan. 20, the council said it had yet to take decision on the planned removal of fuel subsidy as deliberations were still ongoing.