Buhari’s economic team intact, presidency says

In efforts to dispel stories making the rounds that the Muhammadu Buhari-led administration does not have an economic team in place, and that it has no economic blueprint for the country, the presidency has stated that this is not true.

According to the presidency, Buhari has an economic management team which has been put in place since the
inauguration of the Federal Executive Council (FEC) last November.

Mr Laolu Akande, Senior Special Assistant to Vice President Yemi Osinbajo on Media and Publicity, stated that a media report which quoted some economic experts as urging the president to form his economic team, was out of place.

He explained, that the economic management team is headed by Vice President Osinbajo, with key members including the Minister of Budget and National Planning, Senator Udoma Udo Udoma; the Minister of Finance, Kemi Adeosun; the Minister of Trade, Industry and Investment, Okechukwu Enelamah; the Governor of the Central Bank of Nigeria (CBN), Godswin Emefiele; and the Director-General of the Debt Management Office (DMO).

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He said the composition of the team was not static as Agriculture Minister Audu Ogbe and Information Minister Lai Mohammed as well as relevant permanent secretaries have also been involved.

According to him, the team had since been meeting and engaging representatives of the private sector, adding, that unlike what obtained in the past, Buhari’s administration did not make anybody from the private sector a member of the economic management team.

The vice president’s spokesman also disclosed, that President Buhari had appointed Dr. Oluyemi Dipeolu as his Special Adviser on Economic Matters.

He said the economic adviser, who was until his appointment in January a director in the United Nations Economic Commission for Africa (UNECA), has been working with the economic management team.

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