Buhari Appoints Soludo, Rewane, Others To Economic Advisory Council

President Muhammadu Buhari led federal government has constituted an Economic Advisory Council (EAC). A team many believes will chart a new course on the road to economics equilibrium. 

The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, announced this in a statement on Monday.

According to Adesina, the eight-man committee is headed by Professor Doyin Salami with Dr. Mohammed Sagagi as vice chairman while the Senior Special Assistant to the President on Development Policy, Dr. Mohammed Salisu, is the secretary.

A former governor of the Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, and the Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Mr. Bismark Rewane.

Other members of the committee are Professor Ode Ojowu, Dr. Shehu Yahaya, and Dr. Iyabo Masha.

Adesina explained that the advisory council would replace the current Economic Management Team (EMT) and report directly to the President.

The Council, according to him, will advise the President on economic policy matters, including fiscal analysis, economic growth and a range of internal and global economic issues working with the relevant cabinet members and heads of monetary and fiscal agencies.

“The EAC will have monthly technical sessions as well as scheduled quarterly meetings with the President.

“The Chairman may, however, request for unscheduled meetings if the need arises,” the statement said.

This is to ensure that the aims are achieved in line with procedural engagement.