President Muhammadu Buhari, on Monday inaugurated the National Economic Council, NEC, charging members to ensure transparency and integrity in the distribution of funds from the nation’s coffers.

He also told the members of the committee to coordinate the implementation of sound economic policies that would re-engineer the dwindling fortunes of the country.

At the inauguration ceremony which held at the Presidential Villa, Buhari, also told the council to make sure that all revenue accruing from the Nigerian National Petroleum Corporation, NNPC, Nigerian Customs Service, Federal Inland Revenue Service, FIRS, Nigerian Ports Authority, NPA, Central Bank of Nigeria, CBN, Nigerian Maritime Administration and Safety and the Liquefied Natural Gas, LNG, and other government revenue yielding outfits must henceforth be remitted into the Consolidated Revenue fund.

The President also counselled members of the council to be objective in the discharge of their duties and to also not politicize any of their subsequent deliberations.

The council which is expected to be chaired by Vice President, Yemi Osinbajo was also charged to explore efficient means of paying the salaries of government staff and suggest ways of plugging the wastage of government funds.

The council is constitutionally expected to draw up the economic blue print for the current administration.