Osinbajo gets first portfolio, heads NEC

Vice president, Yomi Osinbajo on Monday got his first official assignment as head of the National Economic Council, with the inauguration of the body by Presidemt Muhammadu Buhari.
The council which has the 36 state governors and the Governor of Central Bank of Nigeria as members is saddled with the responsibility of advising the President on economic affairs of the country.
While inaugurating the council, President Buhari called on state governors currently owing salaries to, as a matter of urgency, explore ways of liquidating all unpaid salaries of staff which, he said, have brought untold hardship to thousands of families.

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He also encouraged them to restrict themselves to projects that will meet immediate needs of the people, taking account of available resources.
Buhari said on its part, the Federal Government, under his leadership, would abide by the provisions of Sections 80 and 162 of the Constitution and ensure more accountability, transparency and integrity in the distribution of the Federation Account.
He promised that all revenue generating agencies such as the Nigerian National Petroleum Corporation; Nigeria Customs Services; Federal Inland Revenue Services; Nigeria Ports Authority; Central Bank of Nigeria; Nigeria Maritime Administration and Safety Agency and Liquefied Natural Gas shall comply with stipulated financial regulations and administrative instructions in their remittances into the Consolidated Revenue Fund.

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