President Bola Tinubu has appointed a new board for the Bank of Industry Ltd. (BoI), with Dr. Mansur Muhtar taking the role of Chairman and Dr. Olasupo Olusi named Managing Director/Chief Executive Officer. The appointments were announced on Monday by the President’s spokesman, Ajuri Ngelale.
The new leadership team includes Mrs. Ifeoma Uz’Okpala as Executive Director for Large Enterprises and Mr. Shekarau Omar as Executive Director for Micro, Small & Medium Enterprises (MSMEs). Other key appointees are Mr. Usen Effiong, who will oversee Corporate Services; Ms. Mabel Ndagi, responsible for Public Sector & Intervention Programmes; and Mr. Rotimi Akinde, handling Corporate Finance & Risk Management.
In addition to the executive team, several non-executive directors have been appointed. These include Malam Tajudeen Ahmed, representing the Ministry of Finance Incorporated; Mr. Adedamola Young, representing the Central Bank of Nigeria; and Rev. Isaac Adefemi Agoye, representing the Manufacturers Association of Nigeria. Malam Muhammad Bala will represent the Federal Ministry of Industry, while Mr. Oreoluwa Adeyemi and Mr. Sulaiman Kadira have been appointed as Independent Non-Executive Directors, representing Trade & Investment and broader interests, respectively.
Dr. Muhtar, the new Chairman, brings extensive experience in finance, international development, public service, and academia. He previously served as Nigeria’s Minister of Finance, Budget, and Economic Development from 2008 to 2010 and was Vice-President of Operations at the Islamic Development Bank.
President Tinubu has tasked the new board with advancing the BoI’s mission to support projects that foster job creation, poverty alleviation, and improve the socio-economic conditions of Nigerian families.
