Tinubu, speaking at the inauguration of the NEC in the Council Chambers of the State House in Abuja, urged the Council to collaborate with his administration in order to restore Nigerians' economic fortunes.

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The NEC holds monthly meetings and is charged with  “advise the President concerning the economic affairs of the Federation, and in particular on measures necessary for the coordination of the economic planning efforts or economic programmes of the various Governments of the Federation.”

The 36 State Governors, the Governor of the Central Bank of Nigeria, and other co-opted Government officials make up the NEC.

Those in attendance when meeting commenced are Governors Abdulrahman Abdulrazaq (Kwara); Ademola Adeleke (Osun); Yahaya Bello (Kogi); Biodun Oyebanji (Ekiti); Abdullahi Sule (Nasarawa); Umo Eno (Akwa Ibom); Peter Mbah (Enugu); Bassey Otu (Cross River); Caleb Muftwang (Plateau); Nasir Idris (Kebbi); Aliyu Radda (Katsina) and Hycinth Alia (Benue).

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Others are Dauda Lawal (Zamfara); Dapo Abiodun (Ogun); Charles Soludo (Anambra); Mai Mala Buni (Yobe); Agbu Kefas (Taraba); Sheriff Oborevwori (Delta); Siminalayi Fubara (Rivers); Mohammed Bago (Niger) and Ahmad Aliyu (Sokoto).

Others are Francis Nwifuru (Ebonyi); Uba Sani (Kaduna); Godwin Obaseki (Edo); Alex Otti (Abia); Douye Diri (Bayelsa); Abba Yusuf (Kano); Bala Mohammed (Bauchi); Seyi Makinde (Oyo), Borno Deputy Governor Umar Kadafur, and Ondo Acting Governor, Lucky Ayedatiwa.

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Secretary to the Government of the Federation, George Akume; Chief of Staff, Femi Gbajabiamila; Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari; Acting Accountant General of the Federation, Oluwatoyin Madein; Acting Governor of Central Bank, Folashodun Shonubi; and Permanent Secretaries Budget and National Planning, Federal Capital Territory Administration, and State House are also present.