JUST IN: National Economic Council Rejects Previous Social Register, Citing Credibility Concerns

The National Economic Council (NEC), chaired by Vice President Kashim Shettima, has rejected the national social register implemented during Muhammadu Buhari’s administration, citing concerns over its credibility.

The NEC meeting, held monthly, deliberates on the coordination of the economic planning efforts and economic programmes of the various levels of government.

In place of the national social register, the council has put forward a proposal for the adoption of a cash transfer program for states, utilising their respective social registers. Additionally, the council suggests implementing a cash reward policy for public servants for a duration of six months.

GOVIMA had earlier reported that participants will engage in various activities, including the receipt of recommendations aimed at alleviating the impact of petrol subsidy removal on workers. Among these suggestions is a proposed living wage adjustment, amounting to an estimated N702.9 billion in allowances.

The meeting was attended by prominent figures, including the Secretary to the Government of the Federation, George Akume; Group CEO of the NNPCL, Mele Kyari; Acting Governor of the Central Bank, Folashodun Shonubi; Acting Accountant-General of the Federation, as well as Permanent Secretaries from the Ministries of Petroleum, Agriculture, and Budget and National Planning.

The decision to change the social register was part of the outcome of the over five hours meeting by members of the council at the state house on Thursday.