The Federal Government has inaugurated a 15-member Ministerial Advisory Committee (MAC) to provide independent, evidence-based policy advice aimed at translating Nigeria’s economic reforms into measurable benefits for citizens.
The committee, drawn from academia and the private sector, is chaired by Abubakar Suleiman.
Inaugurating the committee in Abuja, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, described it as anchored on a “public policy-private partnership” model, strengthening decision-making through collaboration between government and outside experts.
Oyedele said the Tinubu administration has implemented major reforms over the past three years, including fuel subsidy removal, foreign exchange unification and tax reforms, but stressed the need to move “from reform to results.”
“It is one thing to make sound policy decisions; it is quite another to translate those decisions into outcomes that ordinary Nigerians can feel,” he said.
He said reform success should be measured by job creation, declining inflation, exchange rate stability and improved welfare, not policy volume alone.
Oyedele outlined four pillars guiding the committee’s work: economic policy advisory in support of 7 per cent annual GDP growth and a $1 trillion economy by 2030; strengthening public financial management; economic coordination across government tiers; and ensuring reforms translate into tangible benefits for businesses and citizens.
“A fiscal reform that looks flawless on paper but fails to improve conditions for Nigerian businesses is not reform; it is disguised bureaucracy,” he said.
He urged members to be independent and evidence-driven. “We do not need this committee to validate what we have already decided. We need you to challenge our assumptions,” he said.
Permanent Secretary, Federal Ministry of Finance, Raymond Omenka Omachi, said the committee brings together economists, public finance experts and business leaders to support fiscal governance.
Members subsequently took the oath of office, pledging integrity and objectivity in their advisory role.
Responding, committee chairman Abubakar Suleiman pledged the committee would deliver credible, actionable recommendations.
