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President Tinubu appoints new Director General of Budget office

Benita OrumabyBenita Oruma
June 13, 2024
in Government
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President Tinubu appoints new Director General of Budget office
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President Bola Tinubu has approved the appointment of Mr. Tanimu Yakubu as the Director-General of the Budget Office of the Federation, succeeding Mr. Ben Akabueze whose tenure has expired.

The announcement was made in a statement issued by Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, on Thursday.

Table of Contents

Toggle
  • Profile of Tanimu Yakubu
  • President’s Expectations
  • Tenure of Ben Akabueze
  • Why It Matters
  • Bottom Line

Profile of Tanimu Yakubu

Mr. Yakubu is a distinguished economist with a notable career. His previous roles include serving as Chief Economic Adviser to a former President from 2007 to 2010, Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria from 2003 to 2007, and Commissioner of Finance, Budget, and Economic Planning in Katsina State from 1999 to 2003.

He holds a Master of Business Administration degree in Finance and a Bachelor of Science degree in Economics, both from Wagner College, Staten Island, New York.

President’s Expectations

In the statement, President Tinubu expressed gratitude to the outgoing Director-General, Mr. Akabueze, for his dedicated service and wished him success in his future endeavors. The President also highlighted his expectations for the new Director-General to enhance the efficiency and quality of budget functions, thereby promoting fiscal sustainability, transparency, and accountability in public finance management for the country’s development.

Tenure of Ben Akabueze

Mr. Akabueze was first appointed as a Special Adviser Planning (SAP) to the President on February 15, 2016, by former President Muhammadu Buhari. He was later appointed as the Director-General of the Budget Office on June 10, 2016. His appointment was renewed by Buhari in 2020.

Why It Matters

The appointment of the Director-General of the Budget Office is crucial for effective fiscal management and economic planning. The individual in this role plays a significant part in shaping the country’s budgetary policies and ensuring the responsible allocation of resources for national development.

Bottom Line

With Mr. Tanimu Yakubu’s appointment, there is anticipation for continued dedication to fiscal responsibility and transparency, essential for Nigeria’s economic growth and stability.

Tags: Budget officeDirector Generalfederal charactergovernmentNewsNigeriaPresident Tinubu appoints new Director General of Budget officetinubu
Benita Oruma

Benita Oruma

Benita Oruma is a lawyer in training, a 400 level student in the university of Ibadan. She is a content writer with interest in corporate affairs and the marketplace.

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