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Buhari’s Economic Team: Who is Professor Doyin Salami?

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Adedoyin “Doyin” Rasaq Salami, born April 4, 1963 isan economist who, in November 2017, completed a two-term 8-year stint as member of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee.

Adedoyin, who is also a Senior Fellow/Associate Professor and full-time member of the faculty at the Lagos School (LBS), Pan-Atlantic University, began his career with Adetutu & Co. Ltd., before joining the University of Lagos, Akoka, Lagos, Nigeria, as a Lecturer in the Department of Economics. Adedoyin’s term as member of the CBN’s policy committee ended in November 2017.

A 1989 doctorate degree graduate in Economics of Queen Mary College, University of London, Adedoyin Salami’s research interests include issues in corporate long-term financial management; macroeconomic policy; corporate competitiveness and risk management; and characteristics of Small and Medium Enterprises (SMEs)

Career
From lecturing at the a University of Lagos, Adedoyin has built a career in consulting, establishing the research firm Edward Kingston Associates in 1997, which he merged with Softskills in 2014 to form Kainos Edge. His other consulting activities include assignments for the Coca-Cola Nigeria and Equatorial Africa (CCNEAL), Department for International Development (DFID), World Bank, United Nations Industrial Development Organisation (UNIDO), United States Agency for International Development (USAID) and serving as Peer Reviewer for the International Finance Corporation’s (IFC) review of its Nigeria strategy.

A member of the Federal Government of Nigeria’s Economic Management Team during the tenure of late President Umaru Musa Yar’Adua, Adedoyin also served as Vice-Chair (under the leadership of Alhaji Ahmed Joda) of the Transition Committee for President Muhammadu . A member of the International Monetary Fund’s (IMF) Advisory Group for Sub-Saharan Africa (AGSA), he is also a member of the Board of the Nigerian Economic Summit Group (NESG) and had the privilege of being Co-Chair of the Central Organising Committee for the Nigerian Economic Summit in 2009.

Adedoyin has written extensively on the Nigerian economy. And he currently sits on the boards of the African Business Research Ltd., First World Communities, and Diamond Pension Fund Custodian

He has been appointed to Chair the Presidential of the Buhari’s Government. Other members include:

  1. Prof. – Chairman
  2. Dr. Mohammed Sagagi – Vice-Chairman
  3. Prof. Ode Ojowu – Member
  4. Dr. Shehu Yahaya – Member
  5. Dr. Iyabo Masha – Member
  6. Prof. Chukwuma Soludo – Member
  7. Mr. Bismark Rewane – Member
  8. Dr. Mohammed Adaya Salisu – Secretary (Senior Special Assistant to the President, Development Policy)

This advisory council will replace the current Economic Management Team (EMT) and will be reporting directly to the President.

The Economic Advisory Council (EAC) will advise the President on economic policy matters, including fiscal analysis, economic growth and a range of internal and global economic issues working with the relevant cabinet members and heads of monetary and fiscal agencies.

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Bismarck Rewane resigns as a director from the Board of Guinness Nigeria Plc

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Bismarck Rewane

The Board of Guinness Nigeria Plc has announced the resignation of Mr Bismarck Jemide Rewane.

This announcement was made in a notification issued by the Company Secretary, Mr. Rotimi Odusola.

According to Mr Odusola, the resignation of Mr Rewane as a Non-Executive Director on the Board of Guinness Nigeria Plc became effective on 31st December 2020.

Mr. Rewane was appointed to the Board of Guinness Nigeria Plc as a Non-Executive Director in 2008. Until his resignation, he served as the Chairman of the Finance, Audit and Risk Committee of the Board.

However, it is important to note that as of 30th June 2020, he owns 36,384 ordinary shares of Guinness Nigeria Plc, worth N691,296.

The Board of Guinness Nigeria extended its appreciation to the outgoing Director, for his leadership, focus and commitment to the success of the Company and wishes him the best in his future endeavours.

About Mr Bismarck Rewane

  • Bismarck Rewane was also with the First National Bank of Chicago, Barclays Bank of Nigeria and Barclays Bank International Plc, United Kingdom. An Associate of the Institute of Bankers, England and Wales.
  • Mr. Rewane has served on the Board of several organisations, including Navgas (a Vitol Group subsidiary); NLNG Prize Award Foundation; UNIC Insurance Plc, Nigeria; Economic Summit Group; UBA Custodian Limited; Virgin Nigeria Airways Limited; Fidelity Bank Plc; First City Monument Bank Plc; and Top Feeds Nigeria Limited.

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Traders Count Loses In Lagos Plank Market Fire

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With millions of goods and items burnt to ashes, the inferno which engulfed a plank market in Lagos on Sunday has added salt to the financial injuries which COVID19 has already inflicted on many businesses in Nigeria and around the world.

No human loss has been recorded in the fire at Ketu Plank Market on Demurin Street, Ketu, Lagos though almost every structure was razed down.

LASEMA Response Team and the Lagos State Fire Service who responded to the emergency are yet to give release an official statement on the actual cause of the fire.

Traders told newsmen that over 20 sawing machines, generating sets, several bundles of planks and foams were destroyed.

One of the traders who reportedly lost several bundles of foams worth millions of naira was said to be hospitalized when our correspondent visited.

A trader, Abifarin Lateef aka Sanjay said the fire started at 10:00 a.m, stating that he was at home when he received a call about the fire incident at exactly 10:33 am.

He disclosed that the impact of the fire would reduced if it had happened on a working day.

“We could not salvage anything. All our goods such as planks, foams, sawing machines are all gone. We have been rendered helpless. Where do we start from? By our estimate, what we lost here is more than N200m. We would appreciate any form of assistance from government,” he said.

He also commended the emergency responders, saying four firefighting trucks were mobilized to quench the fire which prevented the inferno from spreading to residential buildings.

Another trader said he lost three sets of chairs, several 6×6 beds to the inferno.

Director-General of the LASEMA, Dr. Olufemi Oke-Osanyitolu also confirmed that the fire caused “extensive damage with valuable goods having been destroyed.”

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