There Would Be No Coordinating Minister For The Economy In This Administration – Osinbajo


Professor Yemi Osinbajo

Vice President Yemi Osinbajo yesterday, via his Senior Special Assistant on Media and Publicity, Mr Laolu Akande, stated that there would be no position of Coordinating Minister for the economy in the cabinet of President Muhammadu Buhari.

The statement issued by Mr Laolu said Osinbajo made the disclosure while receiving Australian High Commissioner to Nigeria, Mr Jonathan Richardson, in his office.

Former President Goodluck Jonathan had created the position of Coordinating Minister for the Economy and asked Dr. Ngozi Okonjo-Iweala, also the Finance Minister, to take charge.


Osinbajo, while addressing the envoy, reiterated his remarks during the National Economic Summit held in Abuja few weeks ago that as vice president his role was to supervise the economy.

“We are not going to have a system where there would be a coordinating minister. No, there would not be anything like that.

“My role as vice president is to ensure that everyone involved in economic activities, there is a way by which the President is fully apprised of what everyone is doing such that we are all on same page and to make it easier for the President to make decisions,” he said.

Osinbajo also expressed willingness of the Federal Government to deepen the existing bilateral relations, especially in the area of economic cooperation with Australia in mining, agriculture, shipping and transport sectors as well as in the area of infrastructure development.

Osinbajo said: “The Federal Government would be interested in exploring deeper relationship on economic cooperation as it is a major area in diversifying our economy.”

He lauded existing bilateral relations between the two countries and commended the Australian government for the various capacity building initiatives in Nigeria and its investments in some key sectors of the economy.

Mr Richardson then noted in his remarks that his country’s bilateral relations with Nigeria had grown over the years.

He further stated that his country was interested in enhancing relations with Nigeria in areas of commercial development, adding that the government of Australia was ready to offer technical assistance in some sectors the country had given priority to.

SEE ALSO: My Priority Is To Diversify The Economy – Buhari

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