President Muhammadu Buhari has inaugurated a Presidential Committee on the National Economy. The committee is expected to bring together all policy makers responsible for the economy, against the backdrop of disruptions caused by Covid-19, complications from the Russia-Ukraine conflict, and the decline in our oil production
The Presidential Committee on the Economy is chaired by President Muhammadu Buhari and has as members the Vice President, Professor Yemi Osinbajo SAN; Dr. Kayode Fayemi, Chairman of the Nigeria Governors Forum; Dr. Mrs. Zainab Ahmed, Minister for Finance, Budget, and National Planning; Otunba Niyi Adebayo, Minister for Industry, Trade and Investment; and Chief Timipre Sylva, Minister of State for Petroleum.
Other members include Mr. Boss Mustapha, Secretary to the Government of the Federation; Prof. Ibrahim Gambari, Chief of Staff to the President; Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria and Dr. Mohammed Sagagi, Vice Chairman of the Presidential Economic Advisory Council.
The Chief Economic Adviser to the President, Dr. Doyin Salami, is member/secretary of the committee.
The presidential committee will review the national economic situation and propose measures to ensure our national economy improves and can meet the government’s objectives.
The committee will also receive regular updates on economic conditions in the country, identify issues that require urgent intervention to improve macroeconomic and fiscal conditions, review the impact of existing and new policies on the Nigerian economy and provide directions to relevant institutions responsible for fiscal, monetary, and any other relevant policies.