, this is the concluding part of the narrative on the National Economic Intelligence Committee, NEIC; its functions, impact and recommendations before its roles began to diminish under different regimes
While inaugurating Dr. Ayagi as chairman of NEIC, President Obasanjo declared: “The development effort since independence has been characterised by huge public investments in all sectors of the economy. If we stop to take stock of total public expenditure in the nearly 40 years of our independence, we would find the sum-total to be staggering.
As you are already well aware, this administration is committed to poverty alleviation through rapid economic growth and development. We will ensure efficient use of resources, speedy implementation of projects and we will tirelessly fight against corruption and indiscipline. The task before us is enormous and all hands must be on deck if we are to succeed. It is in this connection that this administration has decided to reconstitute the National Economic Intelligence Committee, NEIC”.
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