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.
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.
