The National Economic Council (NEC) has resolved to deepen engagement with stakeholders to boost non-oil revenue, in line with the economic blueprint of President Bola Ahmed Tinubu’s administration. At its first meeting of 2026, held virtually on Thursday, Vice President Kashim Shettima, Chairman of NEC, emphasized the need to accelerate the transition from oil to non-oil economy through competitive manufacturing, export diversification, and private sector investment. He noted that non-oil sectors now account for 96% of Nigeria’s GDP and contribute nearly three-quarters of government revenue.

The Council also approved the constitution of a Presidential Committee to oversee the implementation of the administration’s legacy projects, including the Lagos–Calabar and Sokoto–Badagry highways. The committee is chaired by the Governor of Cross River State, with representation from each geopolitical zone, while the Permanent Secretary of the Ministry of Budget and Economic Planning serves as Secretary. Ministers of Works and Transportation are also members.

During the meeting, the Finance Minister, Wale Edun, presented the 2026 economic priorities, highlighting reforms that have stabilized the economy, improved competitiveness, and reinforced investor confidence. NEC further reviewed updates on national accounts, human capital development programs, the World Bank Country Partnership Framework, and ongoing tax reforms. The Council resolved to focus on food security, job creation, entrepreneurship, and fiscal risk management while committing to support sustainable growth and the implementation of the Renewed Hope Agenda.