By ebosele@hotmail.com –
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, on Tuesday inaugurated the Ministerial Advisory Committee (MAC), a high-level body of distinguished professionals drawn from the public and private sectors, academia, finance, industry, and development to provide strategic advisory support in advancing Nigeria’s fiscal and macroeconomic reform agenda.
Speaking at the inauguration held at the Federal Ministry of Finance Headquarters in Abuja, the Minister described the Committee as a strategic initiative to strengthen evidence-based policymaking, improve public financial management, deepen stakeholder engagement, and help translate ongoing reforms into measurable improvements in the lives of Nigerians.
The Minister noted that Nigeria has undertaken some of its most significant economic reforms in recent history, including the removal of fuel subsidy, exchange rate reforms, and comprehensive tax overhaul.
He explained that the Committee was deliberately constituted as an independent, external, non-executive advisory body to provide objective counsel and fresh perspectives without duplicating the responsibilities of existing government institutions.
The Minister charged members to approach their assignment with integrity, intellectual independence, patriotism, and an unwavering commitment to Nigeria’s long-term development.
“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. We must continue to pursue reforms with courage while ensuring that implementation delivers tangible improvements in the daily lives of our people,” he said.
The Minister further stressed that the Committee would serve as an important bridge between government, the organised private sector, academia, and development partners, ensuring that policy formulation continues to benefit from broad-based expertise, constructive feedback, and international best practices adapted to Nigeria’s unique circumstances.
The Ministerial Advisory Committee is chaired by Mr. Abubakar Sulaiman, with Dr. Ayo Teriba serving as Vice Chairman and Idris Belo-Osagie as the Secretary.
Its membership comprises accomplished economists, financial experts, business leaders, public policy professionals, academics, and representatives of key private sector institutions.
Members will serve on a pro bono basis, reflecting their shared commitment to national development.
