The National Economic Council (NEC) has formally endorsed President Bola Ahmed Tinubu’s Renewed Hope Economic Plan, describing it as a comprehensive roadmap to stabilize Nigeria’s economy and chart a path toward sustainable growth.
The decision was reached during the council’s latest meeting at the Presidential Villa in Abuja, where governors, ministers, and top economic advisers deliberated on the plan’s core strategies. The Renewed Hope agenda, which focuses on macroeconomic stability, food security, job creation, and inclusive growth, is expected to serve as the guiding framework for economic reforms over the coming years.
According to government officials, the plan outlines policy actions aimed at curbing inflation, boosting agricultural productivity, supporting small and medium-sized enterprises, and attracting both local and foreign investments. It also emphasizes infrastructure development and social protection programs to cushion the impact of ongoing reforms on vulnerable Nigerians.
Vice President Kashim Shettima, who chairs the NEC, urged all state governors to align their policies with the federal government’s plan, stressing that unity of purpose is key to its success. He added that the council’s endorsement signals a collective commitment by both federal and state governments to drive Nigeria toward a more resilient economy.
Economic experts have welcomed the move but cautioned that the real test lies in effective implementation and transparency in managing resources. The federal government assured that mechanisms for monitoring progress and ensuring accountability are already being put in place.
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