Onaolapo Soleye

Onaolapo Soleye is Nigerian scholar, an ally and adviser of President Obasanjo and a former minister for finance during the regime of General Buhari. He was also a former commissioner for Finance and Industry in Ogun State. He currently sits on the board of the Nigerian National Petroleum Corporation and the Obasanjo Presidential Library. Dr Soleye attended the famed Baptist Boys High School, Abeokuta, one of the earliest secondary school established in Nigeria. He also studied at the London School of Economics and Political Science.

Major Policy Actions During Finance Tenure

• Did not drastically devalue the Naira
• Refinancing of trade debt arrears insured by international organizations
• Supported the rationalization and restriction of imports
• Did not stop the trend of budget deficit financing
• Creating new notes to halt currency smuggling

References

• "Obasanjo Farms Withdraws From Okitipupa Oil Palm Board", Daily Trust, January 21, 2002