FG Inaugurates Ministerial Advisory Committee to Drive Economic Reforms
The Federal Government has inaugurated a Ministerial Advisory Committee (MAC) to provide strategic guidance aimed at deepening Nigeria’s economic reforms and accelerating inclusive growth.
The committee was inaugurated on Tuesday in Abuja by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, who described the initiative as a major step toward strengthening evidence-based policymaking, improving public financial management, and ensuring ongoing reforms deliver tangible benefits to Nigerians.
Oyedele said the government had already implemented significant reforms, including the removal of fuel subsidies, exchange rate reforms, and a comprehensive tax overhaul, which have helped restore macroeconomic stability. He added that the next phase would focus on effective implementation to improve the lives of citizens and enhance the country’s economic competitiveness.
According to the minister, the committee will operate as an independent, non-executive advisory body, offering objective advice, identifying emerging risks, evaluating policy options, and recommending practical solutions to support fiscal sustainability and long-term economic growth.
He urged members to carry out their responsibilities with integrity, professionalism, and patriotism, stressing that the goal is to build a stronger, more resilient, and globally competitive Nigerian economy.
The Ministerial Advisory Committee is chaired by Abubakar Sulaiman, with Dr. Ayo Teriba serving as Vice Chairman and Idris Belo-Osagie as Secretary. Its members, drawn from the public and private sectors, academia, finance, industry, and development institutions, will serve on a voluntary basis.
Speaking on behalf of the committee, Chairman Abubakar Sulaiman pledged to provide independent, evidence-based advice in the national interest. He said the committee would challenge conventional thinking, offer fresh perspectives, and support the government’s reform agenda with professionalism and urgency.
Under its terms of reference, the committee will advise the government on economic policy, public financial management, fiscal governance, productivity, stakeholder engagement, accountability, and communication. It will also prepare fiscal risk assessments, policy recommendations, and impact analyses to support informed decision-making.
