The National Economic Council (NEC) has approved major initiatives aimed at reviving Nigeria’s economy. These include the establishment of the Green Imperative Project (GIP) national office in Abuja, along with regional offices across the six geopolitical zones of the country. The council also approved the formal launch of the National Agribusiness Policy Mechanism.
The approval comes after the 149th NEC meeting, where Vice-President Kashim Shettima called on members to prioritize meaningful reform over political rhetoric. He emphasized that Nigerians are looking for results, not promises. Shettima urged the council to focus on policies that address the nation’s pressing issues and build a sustainable future.
During the meeting, Shettima highlighted the importance of reviving the Cotton, Textile, and Garment (CTG) sector, which he said was once a significant contributor to Nigeria’s economy. Despite the country’s ability to grow cotton in all 34 states, Nigeria currently produces only 13,000 metric tonnes, with billions of dollars spent on importing textiles. To tackle this, the council approved the creation of a Cotton, Textile, and Garment Development Board, which will be funded by textile import levies and operate in all regions. Shettima highlighted that the initiative is about more than regulation—it is about revitalizing the sector, empowering communities, and re-industrializing Nigeria.
Shettima also touched on the country’s food security, emphasizing that ongoing initiatives like the Nutrition 774 Initiative would be expanded to create a resilient and inclusive food economy. He called for concrete actions that would translate into real change for Nigerians, strengthening unity and improving citizens’ lives.
The Vice President proposed a field visit by the NEC Implementation Monitoring Committee to ensure that these policies are effectively executed, bridging the gap between planning and real-world results.
