Akabueze to Remain Budget Office DG Till 2024

Ben Akabueze

By Adedapo Adesanya

President Muhammadu Buhari has approved a second tenure for Mr Ben Akabueze as the Director-General of the Budget Office of the Federation.

The presidential approval was disclosed on Sunday, May 17 in a statement signed by Mr Yunusa Tanko Abdullahi, Special Adviser to the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed.

Mr Akabueze’s current tenure is scheduled to expire on Wednesday, June 10, 2020.

He was first appointed as a Special Adviser on Planning to the President on February 15, 2016, and was designated within months as DG of the budget office on June 10.

With this renewal of his tenure, Mr Akabueze’s term in office as DG would run for four more years and would now expire on June 10, 2024.

“The budget office is currently undergoing several reforms under the leadership of Akabueze towards improving the effectiveness and efficiency of the budget office of the federation.

“Akabueze has a track record of sterling performance and it is due to his achievements that Mr President has approved Akabueze’s tenure to be renewed for another term in order to institutionalise the achievements for a sustainable improvement in the Budget Office of the Federation,” the statement read.

Mr Akabueze is a one-time chief executive officer of NAL Bank, which is now known as Sterling Bank Plc.

He also served two terms as the Lagos State Commissioner for Budget and Economic Planning under then Governor, Mr Babatunde Raji Fashola till 2015 when his tenure ended.

He is directly under the Minister of Finance, Budget and National Planning and both of them have a good working relationship.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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