President Muhammadu Buhari on Monday tacitly acknowledged the calls for a tinkering with his econpmic management by replacing the Economic Management Team led by Vice-President Yemi Osinbajo with an Economic Advisory Council headed by renowned economist, Prof. Doyin Salami
Osinbajo had earlier on Monday tweeted that his EMT would meet thrice weekly bit in what appeared to be an admission of the team’s failure to properly manage the economy, Buhari tasked the new group with the responsibility of turning things around.
The members are a former Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo; Mr. Bismarck Rewane, Dr. Mohammed Sagagi (Vice-Chairman); Prof Ode Ojowu; Dr Shehu Yahaya; Dr Iyabo Masha; and Dr Mohammed Adaya Salisu (Secretary).
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.”