President Muhammadu Buhari has approved the appointment of Chief Doyin Salami as Chief Economic Adviser to the President (CEAP).
The president’s spokesperson, Mr. Femi Adesina, confirmed the development in a statement on Tuesday, January 4.
Salami, 59, is Chairman of the Presidential Economic Advisory Council. He is also the Managing Director and Head Markets Practice at KAINOS Edge Consulting Ltd.
A 1989 doctorate degree Economics graduate of Queen Mary College, University of London, Salami is a member of the Adjunct Faculty at the Lagos Business School (LBS), Pan-Atlantic University, where he recently attained the rank of Senior Fellow/Associate Professor.
According to the statement, the Chief Economic Adviser to the President is expected to address all issues on the domestic economy and present views on them to the president.
“He is also expected to closely monitor national and international developments and develop appropriate policy responses; develop and recommend to the president, national economic policies, to foster macro-economic stability, promote growth, create jobs and eradicate poverty, among others,” the statement from the presidency reads.
Nigeria has experienced two economic recessions with Buhari as civilian President. The Naira has also considerably weakened in that span.
Buhari’s tenure as president elapses in May of 2023.