FG Launches Ministerial Advisory Committee for Economic Reform

The Federal Government of Nigeria inaugurated a 15-member Ministerial Advisory Committee (MAC) on [exact date not provided] in Abuja, aimed at driving economic reform outcomes. The committee, chaired by Abubakar Suleiman, is tasked with providing independent, evidence-based policy advice to ensure that economic reforms translate into tangible benefits for citizens.

Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, emphasized the importance of moving beyond mere policy decisions to achieve real results, such as job creation and improved welfare. The committee's work will focus on four pillars, including supporting a 7% annual GDP growth and managing public finances effectively.

Oyedele noted that reforms must not disguise bureaucratic inefficiencies and urged the committee to challenge existing assumptions. Raymond Omenka Omachi, the permanent secretary of the Federal Ministry of Finance, stated that the committee would bring together economists, public finance experts, and business leaders to support fiscal governance.

Members of the committee subsequently took an oath of office, pledging to fulfill their advisory roles with integrity.