The National Economic Council (NEC) headed by Vice-President Yemi Osinbajo and comprising of state governors, CBN governor, among others, met on Thursday in Abuja.
Below are four takeaways from the meeting which lasted for four hours:
- A 10-man working committee to address killings by herdsmen was formed. It is to be chaired by the vice president, with the following governors as members – Kaduna, Zamfara, Taraba, Benue, Adamawa, Edo, Plateau, Oyo, and Ebonyi.
According to the Kano governor, Abdullahi Ganduje, who addressed afterwards, the committee would collaborate with the federal government to address impunity regarding killings and violence. All perpetrators of violence will be brought to book, he said.
- The council also approved the resolution of the 59th National Council on Health that between one per cent and five percent of the monthly allocation to states be earmarked for financing the implementation of the HIV/AIDS sustainability roadmap.
This is significant because substantial global funding for HIV/AIDS treatment in Nigeria is being withdrawn. If the government of Nigeria does not step up and increase funding, the treatment of infected Nigerians could be jeopardised and the nation may miss its goal of eliminating HIV/AIDS by the year 2030.
According to Ebonyi governor, Dave Umahi, “the need to invest in HIV/AIDS is imperative because donor funding is in the decline due to the global economic circumstances. Reducing the gap between those who require HIV/AIDS care and treatment and those who actually are able to access it, is another reason to investment HIV/AIDS.”
- According to the minister of finance, Kemi Adeosun, as at January 15, 2018, the excess crude account stood at $2.317 billion, and stabilisation account stood at N9.730 billion.
- The council was also told that so far, budget support loan facility disbursed to 11 states that met the requirements stood at N700 million and that the states that are having outstanding payments were required to meet and complete the necessary obligations before benefiting from the scheme.