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How FG earmarked over N600m for non-existent economic adviser’s office for six years


Oba Darasimi

For sixth consecutive year, the National Assembly has approved budget for the non-existing Office of the Chief Economic Adviser (OCEAP) to President Muhammadu Buhari.

The National Assembly approved N46.86 million in the 2021 budget to an office which clearly has no presidential appointee and personnel to account for monetary approvals allocated to it.

According to the International Centre for Investigative Reporting, budget approval for the OCEAP has now risen to  N620.31 million in six years without an appointee to answer for the monetary disbursements

As of July 2020, data from the Office of the Accountant General of the Federation (OAGF) revealed that N116.97 million had been released to the OCEAP out of the N573.45 million cumulative budgets.

In 2016, the office got N78.17 million as its capital budget. The following year, it received N60 million. Another N60 million was approved for the same OCEAP in 2018. By 2019, annual budget to the office dropped to N42.23 million.

But in 2020, budgetary approval to the OCEAP rose to N333.06 million, even though there was no release, based on document obtained from the OAGF as of then.

Still, the 2021 approved budget shows that N46.86 million was approved for the controversial office which has no appointee.

The official website of the OCEAP –, which was supposed to help Nigerians understand economic policies of the president, is currently inactive.

“Database connection error (1): The MySQL adapter ‘mysql’ is not available,” it read when The ICIR visited. This was exactly the message seen by this reporter  while verifying the portal in August 2020.

Though there was no provision for personnel cost and capital allocations in the OCEAP budget, the N46.86 million sum was pegged as overhead.

Moreover, the OCEAP is excluded from list of offices under the presidency in the State House website.

Current offices contained in the websites include Office of the President, Office of the Vice President, Office of the Secretary to the Government of the Federation, Office of the Head of the Civil Service of the Federation, Office of the National Security Adviser and the State House Administration.

It is worthy of note that previous administrations from Olusegun Obasanjo had appointed chief economic advisers to provide sound counsel on economic matters. The same appointment was made by former President Goodluck Jonathan whose chief economic adviser was Nwanze Okidegbe.

But Buhari is yet to have an appointee to occupy the office.

Adeyemi Dipeolu was only appointed as the special adviser to the president on economic matters in the Office of the Vice President.

Both Dipeolu and Laolu Akande, Vice-President Yemi Osinbajo’s media aide, had exonerated the former from being the occupier of the OCEAP.

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