FG to decide on proposed new Ecological Fund criteria

 

THERE is considerable progress in the implementation of ideas generated at last year’s retreat of the National Economic Council, according to a Monitoring Report presented to the Council at the July meeting earlier today.
At the NEC meeting presided over by the Acting President, Yemi Osinbajo, the report of an Ad-hoc Committee on Ecological Fund was also received with recommendations on how to manage the Fund. Prof. Osinbajo noted the report and stated that the Federal Government will now consider the recommendations and take its decision on the matter
The NEC Retreat which was held in March, 2016 adopted 71 resolutions across six thematic areas, which included; agriculture, solid minerals, investments, industrialization and enabling monetary policy. Others are infrastructure and services, investing in our people and survival of states & beyond.
The monitoring activities started in the 1st quarter of 2017 determined the level of implementation of the resolutions and the extent to which the Federal Government and States have invested towards achieving the objectives of the resolutions.
National Economic Council (NEC) is composed of Governors of the 36 States including the Minister of the Federal Capital Territory and the Central Bank Governor.