President Bola Tinubu has appointed a new board for the Bank of Industry Limited.
In a statement yesterday (Monday, September 2), Special Adviser on Media and Publicity, Ajuri Ngelale said the reconstitution of the BOI Board is part of President Tinubu’s economic reconstruction effort, saying the new appointments are aimed at enhancing the institution’s role in supporting economic development in Nigeria.
According to a statement, the newly constituted board features 13 members, including prominent figures from various sectors.
The Chairman of the board is Mansur Muhtar, a former Minister of Finance, Budget and Economic Development from 2008 to 2010 and former Vice-President, Operations of the Islamic Development Bank.
He is an experienced professional in international development.
Olasupo Olusi who will serve as the Managing Director and Chief Executive Officer, brings over 20 years of experience as a World Bank economist and development finance expert.
Muhtar’s career spans decades in finance, international development, public service, and academia.
The board also includes: Rotimi Akinde – Executive Director, Corporate Finance & Risk Management; Shekarau Omar – Executive Director, Micro, Small and Medium Enterprises; Usen Effiong – Executive Director, Corporate Services; Mabel Ndagi – Executive Director, Public Sector & Intervention Programmes and Ifeoma Uz’Okpala – Executive Director, Large Enterprises.
The President also appointed non-executive directors representing various government ministries and associations, including the Ministry of Finance and the Central Bank of Nigeria.
They are Adedamola Olufemi Young – Non-Executive Director, representing the Central Bank of Nigeria (CBN); Tajudeen Datti Ahmed, Non-Executive Director, representing the Ministry of Finance Incorporated; Isaac Agoye -Non-Executive, representing Manufacturers Association of Nigeria; Mallam Muhammad Bala – Non-Executive Director, representing the Federal Ministry of Industry, Trade & Investment; Oreoluwa Adeyemi — Independent Non-Executive Director and Sulaiman Musa Kadira — Independent Non-Executive Director.
The President said he expects the new BOI board to “work harmoniously, diligently and with utmost fidelity to the nation in driving the mandate of this critical institution as a development vehicle for providing support for projects that enhance job creation, poverty alleviation, and the socio-economic conditions of Nigerian families.”
He expressed confidence that the new board would work diligently to fulfill the bank’s mandate, which focuses on job creation, poverty alleviation, and improving the socio-economic conditions of Nigerian families.
“The appointments are seen as a strategic move to bolster support for enterprises across all sectors, particularly those in lower and middle-income brackets,” the statement surmised.
