As plans for next year’s budget begins to gather pace, the National Economic Council (NEC) has endorsed the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) which was presented to it at an emergency meeting of the Council today.
Besides the MTEF presentation, the NEC also updated its focus on the reports of the State Judicial Panels set up across the country after last year’s #EndSARS protests.
Vice President Yemi Osinbajo, SAN, urged States where the panels are still sitting to also send interim reports so as to measure progress.
According to the Vice President, in a statement by his media aide Laolu Akande, the reports are now being received ahead of a Council meeting where presentations would be made on them, both for States where the panels have concluded their work and those that are still sitting.
The statement said these were some of the major highlights of the emergency meeting of the Council which held virtually and was presided over by the Vice President, with several State Governors, FCT Minister, Finance Minister, Central Bank Governor, and other government officials in attendance.
It will be recalled that the Council recommended the establishment of judicial panels nationwide to address complaints of police brutality after the President dissolved the Police SARS unit. Almost all States in the Federation set up the panels, including the Federal Capital Territory.
The Council comprises the 36 State Governors, the Minister of the Federal Capital Territory, and the Governor of the Central Bank of Nigeria (CBN), as well as other senior Federal Government officials.
During the presentation of the MTEF to the Council, the Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, stated that the draft of the 2022-2024 MTEF/FSP was prepared against the backdrop of global economic recovery, amidst improved vaccination outlook and lower incidence of (COVID-19) infection.