Leadership & Management

NEC Approves Textile Board, $90b Agribusiness Plan

The National Economic Council (NEC), yesterday, approved the establishment of Cotton, Textile and Garment Development Board and endorsed an agribusiness expansion and livestock transformation agenda projected to generate up to $90 billion in economic value by 2035.

Other initiatives approved by council included the establishment of the Green Imperative Project (GIP) national office in Abuja and regional offices across the six geopolitical zones, as well as addressing the crises fuelled by the current system of animal husbandry in the country.

NEC also observed a minute of silence for victims of the recent killings in Benue and Plateau states, while expressing its condolences for the people and governments of the affected states.

However, despite growing security concerns across the country, the council deferred deliberations on the creation of state police, postponing a critical discussion many stakeholders see as key to addressing Nigeria’s worsening security crisis.

The NEC’s next meeting is expected to prioritise the State Police debate, a critical step amid Nigeria’s ongoing security crisis.

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