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President Buhari sets up new Economic Management Council, dissolves Vice-president Osinbajo’s team

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Edwin Eriye

The Nigerian economy holds hope of resuscitation as President Muhammadu Buhari, on Monday, constituted an Economic Advisory Council (EAC).

This was confirmed in a statement released by the Presidency.

Femi Adesina, spokesperson to the President, confirmed that Professor Doyin Salami was appointed chairman of the EAC, Dr. Mohammed Sagagi- vice chairman, Dr. Mohammed Adaya Salisu – Secretary (Senior Special Assistant to the President, Development Policy) and Professor Ode Ojowu; Dr. Shehu Yahaya; Dr. Iyabo Masha; Professor Chukwuma Soludo as members of the EAC.

In the statement released by Femi Adesina, he explained that this advisory council is to replace the current Economic Management Team (EMT) and report 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” part of the statement read.

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