Doyin Salami, 59, is the current chairman of Buhari’s economic advisory council. He is also a member of the Adjunct Faculty at the LBS
President Muhammadu Buhari has appointed Doyin Salami as his chief economic adviser. Until Salami’s appointment, the cabinet of Buhari, largely populated by lawyers, was lacking in economists.
Salami is the current chairman of the presidential economic advisory council (PEAC) whose members include Governor-Elect of Anambra State, Professor Charles Soludo, Bismark Rewane and others.
Doyin Salami had in September last year, lamented at the unsustainability of Nigeria’s debt, a flaw of the Buhari government.
He had said: “The debate about whether Nigeria’s indebtedness is sustainable or is not is clearly addressed here. We are already at positions where our debt-service to revenues have become in my view unsustainable….Nigeria’s revenue yield currently is about seven percent, there is no way that does much. When you look at other countries, the African average on the revenue side is almost 22.5 percent, whereas, Nigeria is almost 7.5 percent.”
Femi Adesina, special adviser to the president on media and publicity, said this in a statement on Tuesday.
RELATED
Debt Profile: Salami’s lamentation proof that APC, Buhari are wrecking Nigeria – PDP
According to the statement, Salami is a doctorate degree holder in Economics from Queen Mary College, University of London.
“Doyin Salami, 59, is Managing Director and Head Markets Practice at KAINOS Edge Consulting Limited, and member of the Adjunct Faculty at the Lagos Business School (LBS), Pan-Atlantic University, where he recently attained the rank of Senior Fellow/Associate Professor,” the statement reads.
“The Chief Economic Adviser to the President is expected to address all issues on the domestic economy and present views on them to the President; closely monitor national and international developments, trends and develop appropriate policy responses; develop and recommend to the President national economic policies to foster macro-economic stability, promote growth, create jobs, and eradicate poverty, among others.”
He was a member of the monetary policy committee of the Central Bank of Nigeria and the federal government’s economic management team.
Apart from leading sessions at Lagos Business School, Salami also consults for multiple organisations, including Department for International Development (DFID), World Bank, United Nations Industrial Development Organisation (UNIDO), United States Agency for International Development (USAID).