The Federal Government on Tuesday inaugurated a high‑level Ministerial Advisory Committee to advise on implementation of fiscal and macroeconomic reform programme, Minister of Finance said.
Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, convened the meeting which brought together senior figures from the public and private sectors, academia, finance and industry to provide non‑executive, external counsel on policy design, fiscal governance and reform execution.
The Minister said the panel is intended to strengthen evidence‑based decision‑making, deepen stakeholder engagement and ensure that recent policy changes — including fuel‑subsidy removal, exchange‑rate unification and a sweeping tax overhaul — translate into measurable gains for households, businesses and communities.
“The work before us is not merely about managing today’s challenges; it is about building the institutional foundations for a stronger, more resilient and globally competitive Nigerian economy,” he said.
The Minister described the Committee as deliberately independent from existing institutions so it can challenge assumptions, surface emerging risks and propose practical options to bolster fiscal sustainability and competitiveness. Members will serve pro bono, he added.
Mr. Abubakar Sulaiman was appointed chair, with Dr. Ayo Teriba as vice chairman and Idris Belo‑Osagie as secretary.
The committee’s membership spans economists, bankers, industry executives, development‑finance specialists and academics.
At the inauguration, the Finance Minister emphasised the group’s breadth of technical expertise across public finance, macroeconomic policy, banking, manufacturing, energy and organised business.
Under terms of reference published by the Minister on his official Facebook page, the panel will advise across four pillars: economic policy; public financial management; economic coordination; and translating reforms into measurable results.
Its task include shaping macroeconomic strategy and fiscal policy, conducting fiscal‑risk and stakeholder‑impact assessments, improving government efficiency and accountability, and producing early‑warning analyses to inform timely decisions.
Speaking for the committee, Mr. Sulaiman pledged candid, evidence‑based advice and said members would prioritise rigorous debate and prompt execution.
“We will challenge conventional thinking and provide honest counsel in the national interest,” he said.
The Finance Minister said the advisory body’s launch signals the government’s intent to institutionalize evidence‑driven policymaking and deepen collaboration with the private sector and development partners as it pursues sustainable growth and fiscal stability.
