The Federal Government has inaugurated a Ministerial Advisory Committee to provide independent, evidence-based reviews of its economic reforms.
Minister of Finance and Coordinating
Minister of the Economy, Taiwo Oyedele, said the committee would offer external, data-driven advice to strengthen economic policymaking and ensure that reforms translate into improved living standards, as the government seeks to convert recent policy changes into tangible benefits for Nigerians.
He noted that the committee marks a shift towards what he described as a “public-policy-private partnership” aimed at improving the quality of government decisions.
“Today is not simply about constituting another committee. It is about institutionalising a new way of thinking, a new way of solving problems, a new way of connecting ideas with implementation and strengthening the quality of economic decision-making in service of the Nigerian people,” Oyedele said.
According to the minister, the administration of President Bola Tinubu has undertaken some of the country’s most difficult economic reforms over the past three years, including the removal of petrol subsidies, exchange rate unification and comprehensive tax reforms.
The next phase, he pointed out, was ensuring that Nigerians experienced their benefits.
“We want to move from reform to results,” Oyedele said.
Oyedele clarified that the committee would not exercise executive authority or duplicate the work of existing government institutions but would instead provide independent, constructive advice capable of strengthening government decisions.
Responding on behalf of the committee, its Chairman, Abubakar Suleiman, who is also the Managing Director of Sterling Bank, assured that members would focus on providing practical, implementable recommendations rather than theoretical reports.
