…Unlock Additional Liquidity…as Shettima demands a responsive social protection policy to end poverty in NigeriaAdvertisementThe National Economic Council (NEC) has approved the refinancing of the US$3.3 billion Project Gazelle Pre-Export Finance Facility through a new US$4.5 billion facility named “Project Gazelle 2”. AdvertisementNew Telegraph reports that this was the outcome of the 159th meeting of the National Economic Council (NEC) held virtually on Monday, August 3. NEC’s approval followed a presentation by the Minister of Finance, Dr Taiwo Oyedele, which was presented by the Chairman of the Council, Vice President Kashim Shettima, underscoring the importance of the project. AdvertisementThe Council observed the significance of unlocking additional liquidity to the federation, among other benefits, pledging its support for the actualisation of the initiative. He added that while accessing additional liquidity on improved terms, the arrangement was freeing up resources for strategic national priorities while strengthening the country’s financing structures.