Tinubu Administration Appoints Suleiman, Teriba, Others To Serve On Ministerial Economic Advisory Committee

According to Ireporter Online, the committee was inaugurated in Abuja as part of efforts by the administration of President Bola Tinubu to strengthen economic coordination and ensure that government policies deliver measurable improvements for Nigerians.

Members of the advisory body include the Managing Director of Sterling Bank, Abubakar Suleiman; Chief Executive Officer of Economic Associates, Dr Ayo Teriba; President of the Capital Market Academics of Nigeria, Prof Uche Uwaleke; and Director-General of the Lagos Chamber of Commerce and Industry, Chinyere Almona, among others.

Speaking at the inauguration ceremony, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, described the committee as a strategic collaboration between the public and private sectors aimed at bridging the gap between policy development and implementation.

Oyedele explained that the committee would provide independent and evidence-based recommendations to guide government decisions, assess economic policies and help identify solutions to emerging challenges.

He noted that the Federal Government had introduced major reforms, including fuel subsidy removal, foreign exchange market unification and extensive tax reforms, with the aim of achieving fiscal stability and sustainable economic growth.

The minister stated that the priority of the administration was to ensure that these reforms translate into improved job opportunities, reduced inflation, increased investor confidence and better living conditions for citizens.

He emphasized that the committee would not replace existing government institutions or exercise executive powers but would serve as an advisory platform to provide objective analysis and practical policy recommendations.

Oyedele charged members to evaluate the effects of government policies on businesses and households while suggesting necessary adjustments to improve outcomes.

He added that the committee would focus on economic policy coordination, public financial management, fiscal reforms and strategies capable of delivering long-term national development.

The minister further reiterated the government’s ambition to achieve seven per cent annual economic growth and build a $1 trillion economy by 2030, stressing that achieving the target would require innovation, stronger institutions and deeper cooperation between government and the private sector.

He praised the committee members for accepting to serve without payment, describing their commitment as a demonstration of patriotism and dedication to national development.

The Permanent Secretary of the Ministry of Finance, Raymond Omachi, also described the committee as an important platform for promoting evidence-based economic decisions.

Omachi said the advisory body comprises professionals from different sectors, including economists, governance experts, development specialists and private sector representatives, who would provide guidance on fiscal reforms, government efficiency and economic coordination.

Speaking on behalf of the committee, Chairman Abubakar Suleiman assured the government that members would focus on practical recommendations that can be implemented to improve the nation’s economy.

Suleiman said the committee would rely on its expertise and understanding of economic realities to provide timely solutions capable of supporting effective economic management.

He assured that the committee would avoid unrealistic proposals and instead concentrate on actionable recommendations that would create measurable benefits for Nigerians.