President Bola Tinubu has appointed a new board for the Bank of Industry (BOI), bringing in experienced professionals to lead the institution towards its developmental objectives.
The announcement was made in a recent statement released by Mr. Ajuri Ngelale, Special Adviser to the President on Media and Publicity.
At the helm of the new board is Dr. Mansur Muhtar, a former Honourable Minister of Finance, Budget, and Economic Development, who has been appointed as Chairman. Dr. Muhtar’s career, which spans several decades, includes significant contributions in finance, international development, public service, and academia.
He served as Honourable Minister of Finance from 2008 to 2010 and was also Vice-President of Operations at the Islamic Development Bank. His extensive experience is expected to be instrumental in guiding the BOI’s efforts to support projects aimed at promoting job creation, poverty alleviation, and the socio-economic advancement of Nigerian families.
Joining Dr. Muhtar on the board is Dr. Olasupo Olusi, who has been appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of the BOI. Dr. Olusi will work alongside Mrs. Ifeoma Uz’Okpala, the new Executive Director of Large Enterprises; Mr. Shekarau Omar, Executive Director of Micro, Small & Medium Enterprises; and Mr. Usen Effiong, Executive Director of Corporate Services.
The board also includes Ms. Mabel Ndagi, who has been appointed as Executive Director of Public Sector & Intervention Programmes, and Mr. Rotimi Akinde, who will serve as Executive Director of Corporate Finance & Risk Management.
In addition, several Non-Executive Directors have been appointed to represent key sectors and stakeholders. Mallam Tajudeen Datti Ahmed will represent the Ministry of Finance Incorporated, while Mr. Adedamola Olufemi Young will represent the Central Bank of Nigeria. Reverend Isaac Adefemi Agoye has been appointed to represent the Manufacturers Association of Nigeria, and Mallam Muhammad Bala will represent the Federal Ministry of Industry, Trade & Investment. Independent Non-Executive Directors Mr. Oreoluwa Adeyemi and Mr. Sulaiman Musa Kadira complete the board.
President Tinubu charged the new board members with the critical responsibility of steering the BOI towards achieving its mission, emphasizing the need for them to work harmoniously and diligently. The President underscored the importance of their role in ensuring that the BOI continues to function as a pivotal development institution in Nigeria’s economic landscape.
