Buhari replaces Osinbajo’s Economic Management Team

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…names Salami, Soludo, Rewane in new Economic Advisory Council

By Ayo Fadimu

President Muham madu Buhari has replaced the Economic Management Team headed by the Vice President Yemi Osinbajo  with an Economic Advisory Council, which is to be chaired by a two term member of the  Central Bank of Nigeria’s (CBN) Monetary Policy Committee, Prof Doyin Salami.

The Vice Chairman of the team  is a Political Economist and Conflict Analysis Manager, Dr. Mohammed Sagagi. He was also the Director General/CEO of Jigawa State Investment Promotion Agency (InvestJigawa) from 2013 to 2015. Others include the former CBN Governor, Prof Charles Soludo, and Renowned Economist, Mr Bismark Rewane

Others are Former Chief Executive of the National Planning Commission, Prof Ode Ojowu; the Chairman of the Board of Directors of Development Bank of Nigeria Plc (DBN) , Dr Shehu Yahaya; An economic management expert who worked in the  Central Bank of Nigeria’s Research Department between 1998 and 2003, Dr Iyabo Masha and the Senior Special Assistant to the President on Policy Development , Dr Mohammed Adaya Salisu who will serve as the secretary of the team

The announcement, which was contained in a statement by the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, gave details, “This advisory council will replace the current Economic Management Team and will be reporting directly to the President.

“The Economic Advisory Council (EAC) 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.”

Former Deputy Governor of the Central Bank of Nigeria in his reaction to the replacement of Osinbajo Economic team said:”I commend President Muhammadu Buhari on his appointment of a new Economic Advisory Council to replace the Economic Management Team. In my book “Build, Innovate and Grow (BIG) “where I laid out a vision for Nigeria, this was exactly my recommendation on page 273.”Glad it has been heeded,” he said on his Twitter Account.

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