Discrepancies in Nigeria's Presidential Economic Advisory Council

The article examines the Presidential Economic Advisory Council (PEAC), highlighting its establishment under President Muhammadu Buhari in September 2019 and its subsequent dormancy. The council was replaced by a new economic body created by President Bola Ahmed Tinubu in March 2024.

The budget documents from 2024 and 2025 do not list the PEAC, while it appears for the first time in the 2026 budget, signed on April 17, 2026, with a total allocation of ₦1,302,978,784. This allocation includes personnel costs and specific program funding.

The article raises questions about the legitimacy of the PEAC's budget code (0111062001) and suggests that it may have been reactivated without proper scrutiny, indicating potential misuse of dormant governmental structures. The arrest of Adeyemi in October 2025 and subsequent charges in November 2025 are mentioned, but the connection to the budget code remains unclear.