President Bola Tinubu inaugurated the National Economic Council (NEC) led by Vice President Kashim Shettima, announcing the council's role in transforming Nigeria's economic fortunes. The inauguration came a week after Tinubu directed the NEC to meet to address the effects of the petroleum subsidy. The NEC is responsible for promoting economic growth and development, focusing on job creation, food security, and poverty reduction. The administration has also highlighted eight priority areas, including security, economy, jobs, agriculture, and infrastructure. The NEC meetings have been productive and have produced key outcomes, resolutions, and recommendations into brilliant government policies. Tinubu emphasized the need for Nigerians to harness the growth potential and bring about serious development, stating that collaboration is not a crime. The council meets monthly and has the flexibility to develop infrastructure within local government areas.