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Buhari Swears in New Economic Team, PEAC, to Provide Reliable Data

Buhari Swears in New Economic Team, PEAC, to Provide Reliable Data

Doris Ukaonu

Members of the newly established Presidential Economic Advisory Council (PEAC), were sworn-in yesterday (October 9), by President Muhammadu Buhari.

The eight-man team headed by Prof. Doyin Salami has been recommended by the President to provide reliable data that reflects the happenings in Nigeria.

Addressing the eight-man team, President Buhari said: “As you develop your baseline study, I would like you to focus on primary data collection

‘’Today, most of the statistics quoted about Nigeria are developed abroad by the World Bank, IMF and other foreign bodies.

‘’Some of the statistics we get relating to Nigeria are wild estimates and bear little relation to the facts on the ground.”

Buhari disclosed to members of PEAC that his government has a grip on Social Investment Programmes (SIPs) and that measures have been put strategically to improve the welfare of millions and vulnerable citizens.

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Concerning the Internally Displaced Persons (IDP) camps in the North East, Buhari ordered the Minister for Humanitarian Affairs to commence a comprehensive data-gathering exercise.

Having assured members of the new panel that his administration will be fulfilling their needs and provide all the necessary resources for their job  before the next technical sessions in November, Buhari ordered the PEAC to coordinate and formulate strategies to lift 100 million Nigerians out of poverty in 10 years in collaboration with the various employment-generating agencies of government.

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