President Bola Tinubu has appointed Mr. Tanimu Yakubu as the new Director-General of the Budget Office of the Federation, succeeding Mr. Ben Akabueze, whose tenure has ended.

The appointment was announced in a statement by Ajuri Ngelale, Special Adviser to the President on Media and Publicity. Yakubu is a distinguished economist who served 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.

Yakubu 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 Tinubu expressed gratitude to the outgoing Director-General, Mr. Akabueze, for his service and wished him success in future endeavors. The President expects the new Director-General to enhance budget functions, promoting fiscal sustainability, transparency, and accountability in public finance management for national development.

Mr. Akabueze was first appointed by former President Muhammadu Buhari as a Special Adviser on Planning on February 15, 2016, and later as DG of the Budget Office on June 10, 2016. Buhari renewed Akabueze’s appointment as DG of the Budget Office in 2020.