•Directs Customs, NNPC, CBN, FIRS To Remit Revenues To Consolidated Revenue Account Only
PRESIDENT Muhammadu Buhari on Monday June 29, 2015 inaugurated the National Economic Council (NEC) of his administration and charged state governors to immediately pay off outstanding workers salaries in their states.
The state governments last week shared from the N409 billion in the Federal Account Allocation Committee after they complained of inadequate funds to pay staff salaries.
The NEC?, designed to advise the President on economic policies, is chaired by Vice President Yemi Osinbajo and has as members the 36 state governors, governor of the Central Bank of Nigeria (CBN) and Attorney General of the Federation.
Buhari tasked the governors to distance politics from development projects, especially concerning construction and maintenance of inter-state and feeder roads.
Declaring that the Armed Forces have been re-invigorated ?to fight Boko Haram insurgency, Buhari further directed governors of the frontline states of Borno, Yobe and Adamawa to articulate an assessment of reconstruction of infrastructure destroyed by the terrorists for onward transmission to G-7 group of industrialised nations, which promised to help in that regard.
The President directed all Federal Government’s revenue-generating agencies like the Customs, Federal Inland Revenue Service (FIRC), CBN, ?Nigeria Ports Authority (NPA), and the Nigeria National Petroleum Corporation (NNPC) to henceforth comply with stipulated financial regulations and the Constitution in remitting their revenues to the Consolidated Revenue Account.


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