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President Bola Tinubu has appointed, Mr. Tanimu Yakubu, former Economic Adviser to late President Umar Musa Yar’adua as the new Director-General of the Budget Office of the Federation.

Yakubu replaces Mr. Ben Akabueze whose tenure has expired.

The appointment was confimed on Thursday in a statement by Special Adviser to the President on Media and Publicity, Ajuri Ngelale.

The President expects the new Director-General to enhance the efficiency and quality of budget functions, promoting fiscal sustainability, transparency, and accountability in public finance management for national development.

“President Bola Tinubu has approved the appointment of Mr. Tanimu Yakubu as the Director-General of the Budget Office of the Federation, following the expiration of the tenure of Mr. Ben Akabueze.

“Mr. Yabuku is an accomplished economist and was 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.

“The new Director-General of the Budget Office of the Federation holds a Master of Business Administration degree in Finance from Wagner College, Staten Island, New York, and a Bachelor of Science degree in Economics from the same institution,” the statement reads.

Tinubu thanked the outgoing Director-General Akabueze for his service and wished him success in his future endeavors.

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