Buhari dissolves Osinbajo-led EMT, constitutes Economic Advisory Council

.Soludo, Salami, Rewane, others make list

. C’ttee to report directly to President

President Muhammadu Buhari has dissolved the Economic Management Team (EMT) led by the Vice President Yemi Osinbajo and replaced it with a new team called Economic Advisory Council (EAC).

The new economic team will now report directly to the President and has a former Governor of Central Bank of Nigeria (CBN), Prof. Charles Soludo and a renowned economist and Chairman of Minimum Wage Advisory Committee, Mr. Bismark Rewane, as members.

The Economic Advisory Committee also has a renowned economist of Lagos Business School and former member of the CBN Monetary Policy (MPC), Prof. Doyin Salami, as Chairman and Dr. Mohammed Sagagi as Vice-Chairman.

Other members are Prof. Ode Ojowu, Dr. Shehu Yahaya, and Dr. Iyabo Masha, while Dr. Mohammed Adaya Salisu, who is the Senior Special Assistant to the President, Development Policy, will serve as secretary of the council.

According to a statement by the Special Adviser to the President on Media and Publicity, Femi Adesina in Abuja on Monday, “This advisory council will replace the EMT and will be reporting directly to the President.

“The 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.”