President Bola Tinubu made a surprise appearance at the National Economic Council (NEC) meeting on Thursday.
News About Nigeria reports that the meeting was held at the presidential villa in Abuja.
The meeting, chaired by Vice President Kashim Shettima, was scheduled to discuss the new national minimum wage.
The president’s attendance came against the backdrop of his decision to consult with necessary stakeholders, including the state governors, all of whom are members of the council.
The president had said he would only submit a new national minimum wage to the national assembly for passage into law after such consultations.
However, at the end of the meeting, the council was silent on whether or not it considered the minimum wage issue.
Announcing the resolutions reached, Minister of Agriculture Abubakar Kyari, who joined the governors of Imo, Kano, and Kogi to brief correspondents, disclosed that the federal government has approved a $1 billion agriculture mechanisation programme that will set up 1000 agro-sector service providers across the country with tractors.
He explained: “We’ll have a minimum of 2000 tractors a year for the next five years and all other aggregation of agricultural commodities is going to be utilised by at least nothing less than 600,000 youths to man these 1000 service centres.”
Noting that the elaborate plan will be rolled out as soon as it is feasible, he said the project was approved by the Federal Executive Council (FEC) last Monday.
He spoke of an arrangement with John Deere and Tata to provide 2000 tractors before the end of the year.
According to him, the Greener Imperative Project, which he said is still in the works, is a 950 million euro project that will soon be unveiled.
Kyari noted that a deal is being anticipated with Belarus Tractors to supply 2000 tractors per year for the next five years, with 9000 implements and spare parts, among others.
The agriculture minister also said that Saudi Arabia has expressed interest in 200,000 metric tonnes of red meat every year and 1 million metric tonnes of soya from Nigeria.
“We already had a meeting with our entrepreneurs last week, and we have come up with a roadmap for how we can supply and satisfy that demand.
“We are looking at partnerships with foreign governments, not necessarily trying to ask them to come and invest, but asking them what we can produce so that we can sell to you so that we can earn foreign exchange,” he added.
In his remarks, Governor Hope Uzodimma of Imo State said that the NEC directed the sub-committee on crude oil theft to provide comprehensive recommendations to end the menace during the next meeting.
He said even though the sub-committee was expected to submit its report during Thursday’s meeting, “it was inconclusive.”
On his part, Governor Abba Yusuf of Kano announced the constitution of the board of the Niger Delta Power Holding, which he said had operated for a long time without a supervising board.
He revealed that it is made up of the governors of Borno, Katsina, Imo, Ekiti, Kwara, and Akwa Ibom states, representing the different geopolitical zones.
The minister of finance and coordinating minister for the economy, Wale Edun, spoke of the activation of the Presidential Food Systems coordinating unit chaired by Vice President Kashim Shettima.
