Nigerian President Bola Tinubu has appointed a new 13-member board for Nigeria’s Bank of Industry (BoI), with Dr Mansur Muhtar as chairman and Dr Olasupo Olusi as managing director and chief executive officer.
The announcement, made by presidential spokesperson Ajuri Ngelale on Monday, includes the appointment of 11 directors – five executive and six non-executive.
The executive directors are Ifeoma Uz’Okpala for Large Enterprises, Shekarau Omar for Micro, Small & Medium Enterprises, Usen Effiong for Corporate Services, Mabel Ndagi for Public Sector & Intervention Programmes, and Rotimi Akinde for Corporate Finance & Risk Management.
Non-executive directors include Tajudeen Datti Ahmed, representing the Ministry of Finance Incorporated, and Adedamola Olufemi Young from the Central Bank of Nigeria. Rev Isaac Adefemi Agoye will represent the Manufacturers Association of Nigeria, while Muhammad Bala represents the Federal Ministry of Industry, Trade & Investment.
Oreoluwa Adeyemi and Sulaiman Musa Kadira have been appointed as independent non-executive directors.
The Bank of Industry is Nigeria’s oldest and largest development finance institution, tasked with providing financial assistance for the country’s industrial development.
Muhtar, whose career spans decades in finance, international development, public service, and academia, had served as Minister of Finance, Budget and Economic Development from 2008 to 2010 and was Vice-President, Operations of the Islamic Development Bank, before his recent appointment.
The president expects the new board of the BoI 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.
