NEC, EAC set up to complement FG -Osibajo

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Vice President Yemi Osibajo has said that the creation of the Economic Advisory Council(EAC) is meant to work together with the National Economic Council(NEC)is meant to complement efforts of the President to run the nations economy.
Besides,the NEC has also agree to set aside N100 billion for the implementation of the National Livestock implementation programme to cater for the animal husbandry sector of the agriculture value chain.
The clarification was contained in a statement by the senior special assistant on media to Vice President Osibajo,Laolu Akande.
He said the clarification is in responce to the requests of the members National Economic Council at its meeting on Thursday in Abuja.

Professor Osinbajo declared further at the 97th meeting of the council today at the Council Chambers,
“If NEC want to be briefed regularly by the Economic Advisory Council, EAC, we will request the President to do that,” the VP explained to the Council observing that such interaction will promote synergy.

Below are highlights of NEC deliberation.
Below are the highlights of the NEC deliberations and resolutions:

The chairman reminded NEC that the Committee was to address the
Farmer/herder crisis
The Committee presented a National Livestock Transformation Plan 2019 – 2028.
The Plan is not targeted on only cows but a holistic strategy to address animal husbandry.
The Plan has six pillars:
Conflict Resolution
Justice and Peace
Humanitarian Relief and Early Recovery
Human Capital Development
Cross cutting issues
Economic Development

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The Committee proposed an implementation guideline to guide FG and States
N100 billion has been budgeted to support the project.
FG is to contribute 80% in grant to support States, while States will contribute land, project implementation structure, personnel and 20% cost of the project.
Council Resolution
Need to look at the Trans-Human West Africa Regional Protocol – because the country cannot allow such movement of cattles without registering and monitoring them
Council emphasised the need to established the fact that NLTP is a creation of NEC and State Governors and is completely distinct from RUGA.
NEC adopted the National Livestock Transformation Plan on January 18, 2019. It is a creation of the National Economic Council.
States will determine, whether or not they are willing to participate, as FG did not impose this plan. Participation remains voluntary.
The role of the FG is to coordinate, monitor and help implement the plan.
Besides,the NEC also received an update on the account of the federation by the federal minister of state for budget and national planning that balances in the underlisted accounts as at 17th September, 2019 are as follows:
EXCESS CRUDE ACCOUNT (ECA) = USD 274, 583, 856 .78
STABILIZATION ACCOUNT = N23, 796, 349,487.76
DEV. NATURAL RES. ACCT FUND = N105, 135, 613,

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