Inexplicably, President Muhammadu Buhari has sacked the Economic Management tean headed by Vice President Yemi Osinbajo and has announced an Economic Advisory Council (EAC).
According to a statement by Femi Adesina, Special Adviser to the President (Media and Publicity), thePresident has constituted the Council made up of the following:
1. Prof. Doyin Salami – Chairman
2. Dr. Mohammed Sagagi – Vice-Chairman
3. Prof. Ode Ojowu – Member
4. Dr. Shehu Yahaya – Member
5. Dr. Iyabo Masha – Member
6. Prof. Chukwuma Soludo – Member
7. Mr. Bismark Rewane – Member
8. Dr. Mohammed Adaya Salisu – Secretary (Senior Special Assistant to the President, Development Policy)
Adesina added that the advisory council will replace the current Economic Management Team (EMT) and will be reporting directly to the President.
He adds, “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.”
No reason was offered for the dissolution of the team headed by Osinbajo.