The President, Muhammadu Buhari has dissolved the Economic Management Team (EMT) and in its place constituted an 8 man Economic Advisory Council (EAC) that will report directly to him just as the Vice President has said that the federal government has asked Ministers to prepare first performance report for December. He said The ministers are to render their first reports on performance in December. So, in some sense we are moving to a more measurable way of determining where ministers are going and what they ought to do. Of course there would be challenges of funding, clarity of plans etc.”
The members of the new council, according to Femi Adesina, President Spokesman are; Prof. Doyin Salami – Chairman, Dr. Mohammed Sagagi – Vice-Chairman, Prof. Ode Ojowu – Member, Dr. Shehu Yahaya – Member, Dr. Iyabo Masha – Member, Prof. Chukwuma Soludo – Member, Mr. Bismark Rewane – Member, Dr. Mohammed Adaya Salisu – Secretary (Senior Special Assistant to the President, Development Policy).
“This advisory council will replace the current Economic Management Team (EMT) and will be reporting 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,” the statement said.