The National Economic Council (NEC) has announced measures to strengthen Nigeria’s non-oil revenue base and advance key infrastructure projects under the administration of President Bola Ahmed Tinubu.

Speaking during NEC’s 156th meeting, Vice President and Council Chairman Kashim Shettima emphasized the urgency of diversifying Nigeria’s economy away from oil dependency. He highlighted the growth of the non-oil sector, which now contributes nearly three-quarters of government revenue and accounts for approximately 96% of GDP, driven by services, agriculture, and other sectors.

To ensure the proper execution of the President’s legacy projects, NEC approved the formation of a high-level committee chaired by the Governor of Cross River State, with representation from each of Nigeria’s six geopolitical zones, alongside federal ministers and officials. The committee will oversee the implementation of major infrastructure initiatives, including the Lagos-Calabar and Sokoto-Badagry Super Highways.

The Council also reviewed the 2026 economic priorities, presented by Finance Minister Wale Edun, noting reforms that have stabilized the economy and boosted investor confidence, with a projected growth rate of 4.68% in 2026. Shettima called for continued fiscal discipline, investment in competitive manufacturing, export diversification, and private sector engagement to accelerate sustainable development and job creation.

Additionally, NEC discussed partnerships with the World Bank under the new Country Partnership Framework, focusing on early childhood development, stunting reduction, and human capital investment through state-driven programmes. The Council also committed to advancing the ongoing tax reform initiatives, targeting equity, efficiency, and improved revenue mobilization.

Shettima cautioned that while economic growth is promising, it must be paired with strategic planning to address population pressures, inflation, and external shocks, ensuring tangible benefits reach ordinary Nigerians.