Onaolapo Soleye Explained

Onaolapo Soleye
Office:Minister of Finance
Term Start:1984
Term End:1985
Predecessor:Sunday Essang
Successor:Kalu Idika Kalu
Birth Date:11 November 1933
Birth Place:Abeokuta, Colony and Protectorate of Nigeria
Nationality:Nigerian
Alma Mater:Baptist Boys' High School, NigeriaLondon School of Economics and Political Science, UK University of Manchester, US
Profession:PoliticianPublic Servant
Blank1:Awards

Onaolapo Soleye (11 November 1933 – 15 November 2023) was a Nigerian scholar and politician who served as Minister of Finance during the military regime of General Muhammadu Buhari. He served for twenty months as the minister of finance. He was also a commissioner for Finance and Industry in Ogun State,[1] and sat on the board of the Obasanjo Presidential Library.

Education

Soleye attended Baptist Boys' High School, Abeokuta, one of the earliest secondary schools established in Nigeria. He trained as a sociologist and studied at the London School of Economics and Political Science and University of Manchester.[2]

Soleye's major policy actions during his tenure as Minister of Finance include:[3]

Career

Soleye was a lecturer at the university of Ibadan. He was also the commissioner of industry in the western region before he was appointed the minister of finance.

Soleye preferred administrative controls on foreign exchange; he rejected proposals to drastically devalue the naira. He also decided to print new notes in April 1984, to prevent the repatriation of naira through smuggling.[4]

Death

Onaolapo Soleye died on 15 November 2023, four days after his 90th birthday.[5] [6]

Sources

Notes and References

  1. Web site: Admin . Soleye, Dr Onaolapo . Blerf.0rg . 26 January 2019.
  2. Book: Berendsen. Bernard. Asian Tigers, African Lions: Comparing the Development Performance of Southeast Asia and Africa. BRILL, 2013. 9789004260009. 167–168.
  3. Web site: Buhari, Magoro and the reunion of class of '84/85 (2). 29 October 2019. Vanguard News. en-US. 30 May 2020.
  4. Fuady . Ahmad Helmy . 25 March 2019 . Elites and Economic Policies in Indonesia and Nigeria, 1966-1998 . Journal of Indonesian Social Sciences and Humanities . 4 . 157–164 . 10.14203/jissh.v4i0.107 . 2656-7512. free .
  5. https://punchng.com/former-finance-minister-onaolapo-soleye-dies-at-90/ Former finance minister, Onaolapo Soleye, dies at 90
  6. https://dailytrust.com/just-in-ex-finance-minister-soleye-dies-four-days-90th-birthday/ Ex-Finance Minister, Soleye, Dies Four Days After 90th Birthday