President Muhammadu Buhari on Wednesday met behind closed-doors with members of the recently constituted Economic Advisory Council (EAC) at the Presidential Villa, Abuja.
The EAC, which was constituted on Sept. 16, replaced the Economic Management Team (EMT), headed by Vice President, Yemi Osinbajo, with commentators insinuating possible rift between the President and his Deputy.
The functions of EAC, chaired by Prof. Doyin Salami, include 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 letter constituting the Council had directed members to report directly to the President on matters relating to the economy of the country.
“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,’’ an earlier statement by presidential aide, Femi Adesina said.
Members of the EAC are Dr. Mohammed Sagagi – Vice-Chairman; Prof. Ode Ojowu – Member; Dr. Shehu Yahaya – Member; Dr. Iyabo Masha – Member.
Others are Prof. Chukwuma Soludo – Member; Mr. Bismark Rewane – Member; Dr. Mohammed Adaya Salisu – Secretary (Senior Special Assistant to the President, Development Policy).
This is the first time the members of the Council are meeting with the President.
