By Jennifer Y Omiloli
Malam Muhammadu Sanusi II, Emir of Kano, has commended President Muhammadu Buhari for constituting an Economic Advisory Council (EAC) comprising first-rate professionals and academics on Wednesday in Kano while briefing newsmen at his Palace.
The emir, who described the new council as “first class”, said the move was “timely and reflective of Buhari’s determination to re-energise the management of the economy”.
He said Nigerians were highly desirous of such an effective and knowledge-driven team to provide the lead on the economic front.
According to him, the beauty of the team, apart from the pedigree of its members, is their private sector experience and their independence.
“If you look at the system we operate, if you also look at the United States, every US president always have a council of economic advisers.
“One of the reasons you have this council is you want independent academics who are able to give you frank and honest advice on how to run the economy and address its problems.
“What the president has done is to follow that pattern to appoint a team of highly respected professionals to advise him, especially this time when we have economic problems, fiscal issues.
“When global economy is facing uncertainty due to trade wars, it is important that the president has a high quality advice,” he said.
Daybreak.ng reports that the president on Monday replaced the Economic Management Team with the EAC.
The new EAC has Prof. Doyin Salami as its chairman.
