President Bola Tinubu has appointed Tanimu Yakubu, economic adviser to former President Umar Yar’adua, as the nation’s budget chief as his administration faces pressure to resolve Nigeria’s worst economic crisis in decades.
Mr Yakubu was named director-general of the Budget Office of the Federation, the presidency said in a statement Thursday.
His appointment follows the exit of Ben Akabueze, who held the office since 2016.
Mr Yabuku, an economist, served as chief economic adviser to President Yarádua between 2007 and 2010.
He was previously finance commissioner in his native Katsina state when Mr Yar’adua was governor there.
Before then, he was managing director/chief executive officer of the Federal Mortgage Bank from 2003 to 2007.
As presidential economic adviser, hMr Yakubu helped push for the setting up of Nigeria’s Sovereign Wealth Fund, the Nigeria Sovereign Investment Authority.
After leaving office in 2015, he was appointed non-executive director of Oando Plc.
“The President expects the new Director-General of this pivotal agency to further enhance the provision of efficient and qualitative budget functions, with a view to promoting fiscal sustainability, transparency, and accountability in public finance management for national development,” the presidency said.
Learn More
The outgoing budget chief, Mr Akabueze, was appointed commissioner for economic planning and budget in Lagos in January 2007 when President Tinubu was governor there.
In 2016, he was appointed special adviser to the president on national planning and was made the director-general of Budget Office in June.
Discover more from Pluboard
Subscribe to get the latest posts to your email.