Onaolapo Soleye
Encyclopedia
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
Ogun State
Ogun State is a state in South-western Nigeria. It borders Lagos State to the South, Oyo and Osun states to the North, Ondo State to the east and the republic of Benin to the west. Abeokuta is the capital and largest city in the state...

. He currently sits on the board of the Nigerian National Petroleum Corporation
Nigerian National Petroleum Corporation
The Nigerian National Petroleum Corporation is the state oil corporation through which the federal government of Nigeria regulates and participates in the country's petroleum industry.-History:...

 and the Obasanjo Presidential Library. Dr Soleye attended the famed Baptist Boys High School, Abeokuta, one of the earliest secondary school established in Nigeria.

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
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