JUST IN: President Buhari Replaces Osinbajo Economic Management Team

– President Buhari replaces Economic management team with economic advisory council

– The Economic Advisory Council (EAC) will advise the President on economic policy matters

– The EAC will have monthly technical sessions as well as scheduled quarterly meetings with the President

President Muhammadu Buhari has replaced the Economic Management Team with an Economic Advisory Council.

The replaced EMT was chaired by the Vice President, Prof Yemi Osinbajo and the new EAC Buhari named on Monday had Prof Doyin Salami as the Chairman.

Other members are Dr. Mohammed Sagagi as Vice-Chairman; Prof Ode Ojowu; Dr Shehu Yahaya; Dr Iyabo Masha; Prof Chukwuma Soludo; Mr Bismark Rewane; and Dr Mohammed Adaya Salisu as Secretary.

The announcement, which was contained in a statement made by the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, “This advisory council will replace the current Economic Management Team and will be reporting directly to the President.

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“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.”