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Naija & The News Friday, 23 October 2026
Explained

New Economic Plan: What It Means For You

The National Economic Council has endorsed a new economic plan to ease the cost of living for Nigerians. The plan focuses on reducing the cost of living and improving food affordability.

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1

New Plan

The National Economic Council has endorsed a 90-day economic action plan to reduce the cost of living and improve food affordability for Nigerians.

2

Who Benefits

The plan prioritises attracting investment, removing bottlenecks to economic activities and accelerating the completion of projects with direct benefits to Nigerians, particularly in areas of food affordability and household support.

3

Next Steps

A national dashboard will be established to track ongoing projects across the federation, with emphasis on transparency, accountability and accurate reporting on the utilisation of proceeds from fuel subsidy removal.

The takeaway

Nigeria's new economic plan aims to reduce the cost of living and improve food affordability for citizens.

This story is based on reporting by Channels Television, written in our own words and checked against that report before publishing. Spotted an error? Report it.

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