Economic Affairs Office

INTRODUCTION

The Economic Affairs Office (EAO) ensures the effective coordination and monitoring of the implementation of Government economic policies and programmes. It is structured into two Departments:

  • Economic Monitoring, Multilateral Relations and Research (EMMR); and
  • Public Affairs and Bilateral Relations (PBR).


FUNCTIONS OF THE ECONOMIC AFFAIRS OFFICE (EAO)

The principal functions assigned to the Office are as follows:

  • Advising and offering second opinion on economic issues to the Secretary to the Government of the Federation (SGF) at the initiative of the Office or as directed by the SGF;
  • Providing effective representation for the Office of the SGF at Inter-Ministerial meetings and at other International Economic fora and bilateral meetings;
  • Providing Secretariat for meetings of the SGF on matters that affect the economy;
  • Initiating measures towards effective implementation of Government’s economic policies;
  • Providing mini think-tank services to the SGF on economic issues;
  • Monitoring capital projects and economic programmes of special interest to the Presidency;
  • Evaluating Government programmes/projects and making appropriate policy recommendations; and
  • Preparing reports on selected Federal Government Projects, as may be directed by the SGF.


Economic Monitoring, Multilateral and Research (EMMR)

  • Initiate measures aimed at effective implementation of government economic policies;
  • Monitor the economic performance of the various sectors in the economy;
  • Monitor capital projects and economic programmes of special interest to SGF;
  • Evaluate government programmes/projects and make appropriate policy recommendations;
  • Undertake macro-economic analysis;
  • Carryout research in key industries (having high linkage effects) in the economy;
  • Prepare reports on selected Federal Government projects, as may be directed by the SGF;
  • Undertake special studies and investigations as may be directed by the SGF on the economic policies of Government;
  • Relate with economic research-oriented agencies/institutions;
  • Assemble socio-economic report from other agencies, e.g. the Federal Ministry of Finance, National Planning Commission, Central Bank of Nigeria etc.;
  • Handle relations with multilateral organisations, including the World Bank Group, (IBRD, IDA, IFAD, UNIDO, WTO,) relevant United Nations Programmes (UNDP, UNCTAD, WFP) specialised Agencies/Commissions(ILO, FOA, ECA) and non-United Nations Multilateral Organisations. (Commonwealth).

   

PUBLIC AFFAIRS AND BILATERAL RELATION (PBR) 

  • Evaluate economic reports from Diplomatic Missions, State Governments, Federal Ministries and Non-Government A
  • Process applications for exemptions from incorporation in Nigeria by Foreign Companies and Allied Matters Act (Cap 59)
  • Participate in the activities of bilateral Chamber of Commerce and Industries , both within and outside Nigeria
  • Evaluate proposals and petitions on Economic issues from the Ministries, Departments, Agencies and the public;
  • Serves as Secretary/Secretariat to Committees and Panels constituted by the SGF;
  • Represent the SGF on Bilateral/Multilateral Ministerial Committees and Commissions;