President Bola Tinubu has appointed a new Director-General of the Budget Office of the Federation, Mr. Tanimu Yakubu, following the expiration of the tenure of Mr. Ben Akabueze.

Mr. Yakubu is a seasoned economist with a wealth of experience in economic policy and management.

Prior to his appointment, Mr. Yakubu served as Chief Economic Adviser to a former President from 2007 to 2010, providing strategic guidance on economic policy and decision-making.

He also held the position of Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria from 2003 to 2007, where he oversaw the implementation of housing finance programs and policies.

At the state level, Mr. Yakubu served as Commissioner of Finance, Budget, and Economic Planning in Katsina State from 1999 to 2003, responsible for coordinating the state’s fiscal policies and budgeting processes.

Mr. Yakubu’s academic credentials include a Master of Business Administration degree in Finance from Wagner College, Staten Island, New York, and a Bachelor of Science degree in Economics from the same institution.

President Tinubu expressed his gratitude to the outgoing Director-General, Mr. Akabueze, for his services and wished him success in his future endeavors.

The President expects Mr. Yakubu to build on the progress made by his predecessor and further enhance the budget office’s functions, promoting fiscal sustainability, transparency, and accountability in public finance management.

The appointment of Mr. Yakubu is seen as a strategic move by President Tinubu to strengthen the budget office and ensure effective management of the nation’s finances.

With his wealth of experience and academic credentials, Mr. Yakubu is well-equipped to lead the budget office in achieving its mandate and contributing to the nation’s economic development.