By Chijioke Okoronkwo
Abuja, Nov. 19, 2020 The National Economic Council has approved the National Road Safety Strategy as a national policy and strategy document for implementation by stakeholders.
Mr Clem Agba, Minister of State for Budget and National Planning, briefed State House correspondents after the virtual NEC meeting presided over by Vice President Yemi Osinbajo on Thursday at the Presidential Villa, Abuja.
Agba said that the strategy was aimed at reducing crashes on the roads and road infrastructure development across all states of the federation and the FCT.
“At today’s NEC meeting, I presented the National Road Safety Strategy 2021-2030 for NEC’s consideration.
“ So, we sought the consideration and the endorsement of the National Economic Council for the National Road Safety Strategy as a national policy and strategy document for implementation by stakeholders in order to reduce crashes on the roads and road infrastructure development across all states of the federation and the FCT.
“The outline of the implementation approach as specified in the strategy document took account of planning, coordination, execution, design, regulations and standards, which are deemed necessary to support activities in the National Road Safety Strategy.
“How to create awareness amongst our people, research and training, the funding mechanism and also monitoring and evaluation mechanism; that is it on the National Road Safety Strategy which was approved by NEC.’’
The minister said he also presented to the NEC, the current state of the Excess Crude Account, which currently had a balance of 72. 4 million.
He said he also reported to NEC, the balances in the Stabilisation Account, and Development of Natural Resources Account.
“ For the Stabilisation Account, we currently have a balance of N48.9 billion.
“For the Natural Resource Account, we have a balance of N155. 5 billion
“You will recall that at the last FEC, the Minister of Finance, Budget and National Planning presented a proposal for the Finance Bill 2020, which was passed by the FEC.
“We used this opportunity to also present it to the NEC; they are also okay with it; the next stage is the transmission of the proposed Finance Bill 2020 to the National Assembly,’’ he said.