The Office of the Vice President has said the Economic Management Team has not advised President Muhammadu Buhari to seek executive powers.

It said it had been considering several policy options and measures to urgently reform and revitalise the economy.

The Economic Management Team his headed by the Vice President, Prof. Yemi Osinbajo.

The office, in a statement issued by the Special Assistant to the Vice President on Media and Publicity, Laolu Akande, said some of these measures might well require legislative amendments and presidential orders that would enable the executive arm of government move quickly in implementing the economic reform plans.

The statement read: “The Economic Management Team has indeed been considering several policy options and measures to urgently reform and revitalise the economy. Some of these measures may well require legislative amendments and presidential orders that will enable the executive arm of government move quickly in implementing the economic reform plans.

“As far as I know, this has not been passed on to the president, the Federal Executive Council or the legislative arm of government. So at this point, there are no further details to share.”