The reason for this development is not yet known.
According to the Director of Press and Public Relations, Federal Ministry of Finance, Marshall Gundu, the appointment will take effect from Tuesday, 18 August, 2015; with a term of four years renewable for another four years.
The new budget office chief hails from Zamfara State, holds a Bachelor of Science (BSc) Degree in Economics from Ahmadu Bello University Zaria. Until his appointment, he was the Director, Fiscal Policy, Budget Monitoring and Evaluation.
Okogu, who was appointed as the DG in 2007, has in the past held top positions, which includes Senior Economist, International Monetary Fund, IMF, in Washington DC; Senior Operations Officer at the Organization of Petroleum Exporting Countries, OPEC, Fund and Market Analyst, OPEC Secretariat in Vienna, Austria.
He served as Special Adviser to the Minister of Finance (2004 to 2007) and also the pioneer Executive Secretary of Nigeria Extractive Industries Transparency Initiative (NEITI).