Nigeria council endorses 90-day economic plan

Nigeria’s National Economic Council endorsed a 90-day economic action plan aimed at easing living costs, improving food affordability and attracting investment, while approving project-monitoring and transport measures. The plan was presented by the Federal Ministry of Finance at the council’s 161st meeting, held virtually on Thursday, October 22, and chaired by Vice President Kashim Shettima. The five priorities are making food more affordable, harmonising taxes, completing high-impact projects, removing barriers to investment and providing regulated support to households. The council’s resolutions were described in a statement issued by Stanley Nkwocha, Shettima’s senior assistant on media and communications. The statement did not set out specific interventions or an implementation timetable for the 90-day plan. The council’s endorsement establishes its priorities, but the measures’ delivery and effects on household costs have not yet been reported. The council also approved a national dashboard to track projects across the country, with an emphasis on transparency, accountability and reporting on the use of proceeds from the removal of fuel subsidies. Vice President...