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Money · Video

NEC’s 90-day cost-of-living plan: what we know and what it means for you

The council of governors endorsed a five-point plan on food, tax, projects, investment and household support, with single-digit inflation as a 2027 goal. Here is what is known.

The National Economic Council (NEC), which brings together the Vice-President and the state governors, has endorsed a 90-day economic action plan from the Federal Ministry of Finance to bring down the cost of living. The council approved it at its 161st meeting, held virtually on Thursday, 22 October 2026 and chaired by Vice-President Kashim Shettima. The Finance Minister and Coordinating…

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