President Muhammadu Buhari has constituted an 8-member Economic Advisory Council (EAC) to replace the current Economic Management Team (EMT) which had been headed by Vice President Yemi Osinbajo.
The members of the new council drawn mainly from the private sector would be chaired by Prof. Doyin Salami.
The Media and Publicity Assistant to the President, Mr Femi Adesina, said in Abuja on Monday that Dr Mohammed Sagagi and Dr Mohammed Adaya Salisu (Senior Special Assistant to the President, Development Policy) will serve as Vice-Chairman and Secretary of the Council respectively.
Other members of the Council are Prof. Ode Ojowu, Dr Shehu Yahaya, Dr Iyabo Masha, Prof. Chukwuma Soludo and Mr Bismark Rewane.
The council would advise the President on economic policy matters.
Adesina said the Council would be reporting directly to the President.
He said this would include 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,’’ he said.
MM/as/APA