The National Council of State has passed a vote of confidence on President Bola Ahmed Tinubu, commending Nigerians for resisting unconstitutional change of government.
Briefing State House correspondents on Tuesday after four hours of the council meeting at the Council Chamber of the State House in Abuja, the Minister of Solid Minerals Development, Mr Dele Alake said the council also passed vote of confidence on President Bola Tinubuโs administration.
Alake disclosed that the Council meeting which was attended physically by Former Presidents, Muhammadu Buhari and Goodluck Jonathan had in attendance virtually, the former Former Heads of State, Yakubu Gowon and Abdulsalami Abubakar.
He further revealed that seven cabinet members of President Tinubu made individual presentations on roadmaps, prospects and challenges adding that areas of diversification of the Nigerian economy were more prioritised.
โAs you all are aware, the Council of State just concluded its meeting with all the former heads of state in attendance, physically or virtually.
โThe last count, I think most of them were the physically attending was the former head of state, General Buhari and President Goodluck Jonathan, were there physically, and the rest were there virtually, via zoom.
โSo in essence, in principle, all of them were in attendance. And thatโs a very eloquent testimony to the kind of support that they are giving to our current president, President bola Ahmed Tinubu.
โA lot of issues were exhaustively discussed at the meeting. And of course, you know that, apart from the former heads of state, the Constitutional composition of the Council of State includes all governors,, security adviser, Attorney General and the rest. So the governors were all in attendance as well.
โAnd some of us ministers who are invited to make presentations on our road map on what weโve been able to achieve, the prospects and the challenges in our various ministries. And so myself, the Solid Minerals, coordinating Minister of the Economy and the finance minister, Mr Wale Edun was also there to make presentation. The Minister of Budget was also there he made his presentation. The Minister of works also made presentation, the Minister of Trade and Investment. Dr Doris was also there. The Minister of Agriculture also was invited.
โSo these seven of us ministers made individual presentations to the council of state meeting, and our presentations were well received from the feedback that we got immediately after individual presentations.
โAnd of course, at the end of it, matters of state were discussed, in a robust manner and frank manner. And the National Security Adviser also was on hand to present the security situation of the country.
โAnd he did inform the Council of State about the pre, during and post event of the last protests, which I do not call a protest. I call a movement to effect a change of regime by force, which was also resisted.
โAnd so, you know, the council thanked Nigerians at large for resisting any unconstitutional move to change government, if anybody is not satisfied with the government, any current administration, there is always an election coming, so you wait for election and cast your vote.
โSo the NSA briefed the Council on the security situations, and allayed fears all round. So after the NSAโs briefing, generally, he allayed everybodyโs fears and spoke on the tightness of the security around the country, and also reassured all and sundry that nobody will be allowed to truncate our hard earned democracy.
โAny change of government has to be through the ballots and not through the barrel of the gun or through insurrection or through any other unconstitutional means, only through the ballot box can any government be changed. And he reassured on the security readiness of all security agencies in the country, to secure our territorial integrity and to protect Nigeriaโs Democracy.
โNow the details of the presentation that the ministers did will be too long for you, but succinctly put is just to let the Council of State know the progress being made in each sector of the economy. And the emphasis, of course, by the Renewed Hope Agenda, is on economic diversification. And thatโs why I was there. Thatโs why Agric was there. Thatโs why all the other ministers you know that constitute, or the ministries that constitutes the plank of the Renewed Hope Agendas, economic diversification and transformation,โ he said.
Speaking on the participation of the members of the Nigeria Governorsโ Forum, the Chairman, the Governor of Kwara State Abdulrazaq Abdulrahman, said governors of the 36 states of the federation unanimously passed vote of confidence on President Bola Ahmed Tinubu with satisfaction on the activities of his administration in the last 14months.
He said frank and fruitful discussions were held and the Council reached satisfactory conclusion that the administration of President Bola Ahmed Tinubu is on the right track.
โThe high note of the meeting was a unanimous passage of a vote of confidence on President Bola Ahmed Tinubu GCFR, Commander in Chief of the Nigerian armed forces.
โMembers, especially those of the Nigerian governorโs forum, were satisfied with the presentation by the members of the Federal Executive Council, and after that meeting, there was an executive session between members of the Nigerian governorโs forum and Mr President, and frank and fruitful discussions were held between both parties, and Iโm glad to say weโre on the right track.
โAnd to say in the same vein, members of the NGF also, like the members of the Council of State, passed a vote of confidence on Mr President. We also wish him well and pray for God, guidance for him,โ he said.
Also speaking, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said he reported encouraging progress in the economy under President Tinubuโs leadership, citing data from the first half of 2023.
He said the economy is growing with a surplus in the balance of payments, trade balance and current account balance.
He said: โIndeed as the honourable minister of solid minerals and chairman of the Governors forum and governor of Kwara state, have said, we did have the opportunity and the privilege to present to the Council of State, and in particular the former presidents, who turned out a large number to participate, and we had the opportunity to, in my case, update them on the economy, update them on how far progress had been made in terms of the macroeconomic policies being followed under the leadership of President Bola Ahmed Tinubu, and these policies are anchored in his eight priority areas and the results to date have been very encouraging.
โWe looked at the data, or we reported on the evidence and the data of this half year for which data was available, compared to the first quarter and the second quarter of 2023. And in broad terms, the economy is growing. The balance of payments, in particular, the trade balance and a current account balance are in surplus.
โThe exchange rate is stabilizing, and inflation, though high, uncomfortably high for the liking of Mr president and his team, it is slowing and it is set to fall. But in particular, there has been support for the economy from investors, foreign investors, by way of portfolio investors, domestic investors, who are participating in important private public partnerships, particularly infrastructure sector and foreign direct investment, is beginning to recover, I would say so.
โOn that basis, we reported on, in particular, the opportunities for the economy once stabilized for investment and growth, and identified for the meeting was the fact that we have exports, goods exports, Non oil exports, at $55 billion last year with tremendous room to grow.
โAnd in particular, we identified that the service sector that is software services, Computer Services, accounting services, personnel services, which can be provided by young Nigerians staying in Nigeria and providing services through the internet and through telephones, outsourcing in a world was a big area we emphasised.
So in a nutshell, we reported that there was good progress being made that the effort was going to continue to ensure that the interventions and measures to ameliorate the high cost of living for individuals, for the agricultural sector, for industry, for Small Scale businesses, were going to continue to be implemented with all efforts needed for success.
โAnd on that basis, we we reported an optimistic outlook for the Nigerian economy and the Nigerian society in general, as a result of prospects for economic growth and economic progress.โ