Vice President Yemi Osinbajo on Monday, September 9, presided over the Federal Government’s Economic Management Team(EMT).
The EMT is a think-tank team made up of some senior government officials and private sector gurus. They deliberate on the economy and make recommendations to the government.
“Today, I presided over the Economic Management Team meeting. This administration will continue to work hard at shared prosperity for all Nigerians,” Osinbajo tweeted on Monday.
The EMT meeting was attended by senior government officials including the Minister of Finance, Zainab Ahmed and Minister of Industry, trade and Investment, Adeniyi Adebayo.
Today’s Echo gathers that the team played leading role in the budgeting process and designed the Strategic Implementation Document once the fiscal document was passed and signed into law.
However, the composition of the team has always been a subject of debate. President Muhammadu Buhari once said, “We are averse to economic teams whose private sector members frequently steer government policy to suit their own narrow interests rather than the overall national interest.”
In 2011, President Goodluck Jonathn increased the membership of the EMT from 25 to 28 with the inclusion of then Director General of the Securities and Exchange Commission (SEC), Mrs. Arunma Otteh; former Founder/Group Managing Director of Zenith Bank Plc, Mr. Jim Ovia; and businessman/Chairman of Forte Oil Plc (Formerly AP Petroleum Plc) Mr. Femi Otedola