There will Be No Coordinating Minister for the Economy – Yemi Osinbajo

The Vice-President, Professor Yemi Osinbajo, has said his role in the current administration is to supervise the economy, adding that there would be no such thing as coordinating minister for the economy as was obtained in the immediate past government.

Osinbajo made the statement while receiving the Australian High Commissioner to Nigeria, Mr. Jonathan Richardson, in his office.

Meanwhile, on Wednesday, Osinbajo said: “We are not going to have a system like where there was a coordinating minister. No, there would not be anything like that.”

He said as vice-president, his role was “to ensure that everyone that is involved in economic activities is coordinated in such a way that the president is fully briefed of what everyone is doing, such that we are all on the same page and to make it easier for the president to make decisions.”

Osinbajo also expressed the willingness of the federal government to deepen the existing bilateral relations especially in the area of economic cooperation with the government of Australia in mining, agriculture, shipping and the transport sectors as well as in the area of infrastructure development.

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Explaining the reason for Nigeria’s interest in the deepening of economic cooperation between the two countries, Osinbajo said “the federal government will be interested in exploring deeper relationship on economic cooperation as it is a major area in diversifying our economy.’’

He lauded Nigeria’s excellent bilateral relations with Australia and commended the Australian government for the various capacity building initiatives in Nigeria and its investments in some key sectors of the economy.

In his remarks, the High Commissioner of Australia to Nigeria noted that his country’s bilateral relations with Nigeria had grown over the years.

He disclosed that his country was seeking to enhance relations with Nigeria in areas of commercial development and was ready to offer technical assistance in some priority sectors.

Osinbajo however added that “every Nigerian will be entitled to see for his or herself that there is a fair process and that process is one that they themselves can interrogate and that’s exactly what we intend to do.”

According to him, “That processes will be open, accounts will be open, people will be able to see for themselves, they would know what is going on.”

“That is the entitlement of every citizen of Nigeria,’’ he added.



  1. Thank you sir Prof. Oshinbajo . Nigerians are entering a new era. All the old style is going. Everything was done in secrecy. All we heard were big economic words which meant nothing to the ordinary Nigerians. We praise God!

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