Nigeria’s president, Muhammadu Buhari has reportedly directed the vice-president, Prof. Yemi Osinbajo to seek approvals before taking decisions on agencies under his supervision going forward.
This comes after the president scrapped the Economic Management Team (EMT) headed by the vice president and formed Economic Advisory Council (EAC) to be chaired by Prof. Doyin Salami in its stead.
Buhari, according to a report by online medium, The Cable, issued a memo on Monday, mandating the vice president to seek his approval before taking decisions on agencies under his office.
The agencies Osinbajo sits as chairman of the board courtesy of his position as vice president include National Emergency Management Agency (NEMA), the National Boundary Commission (NBC), Border Communities Development Agency (BCDA) and the Niger Delta Power Holding Company (NDPHC), a limited liability company owned by the three tiers of government.
The vice president also chairs the National Economic Council (NEC), a constitutional body made up of state governors and key federal government officials, as well as the National Council on Privatisation (NCP).
Although the laws setting up the agencies empowers the president to give final approvals, the procedure was not followed during the first term of the government.
With the new memo, the vice-president will now have to seek approvals for contract awards, annual reports, annual accounts, power to borrow, and power to make regulations, among other key functions according to the Cable.
A source at the presidency confirmed to Business Hallmark on Tuesday that Osinbajo has not been finding life easy in recent weeks.
According to the source, there appears to be an effort to shut out the vice president and cut him to size.
It has also been revealed that NEMA and National Social Investment Programme (NSIP) will now be moved from the office of the VP to the newly created Ministry of Humanitarian Affairs, Disaster Management and Social Development, headed by Sadiya Umar Farouq as minister.