Olu Falae
Chief Samuel Oluyemisi Falae// ⓘ CFR (born 21 September 1938),[1] is a Nigerian banker, administrator and politician[2] who was secretary to the military government of Ibrahim Babangida from January 1986 to December 1990, and briefly the Finance Minister in 1990.[7] After completing his bachelor's degree in economics, Falae joined the civil service as the assistant secretary of the National Manpower Board.In 1985, prior to his appointment, the military sought the public opinion of an IMF economic structuring proposal as a condition for external credit from the fund.SAP was a proposal to diversify export from a crude oil dependent regime, ensure fiscal and balance of payments equilibrium and non-inflationary growth.Babangida had banned 'old breed' politicians, who were mostly people who had held elective office in the past such as Bola Ige and Lateef Jakande.In the mid-1990s, following the cancellation of the June 12, 1993 and the coming to power of a new military government, Falae became a prominent member of the National Democratic Coalition during the quest for the restoration of democracy in Nigeria.