The President of the Federal Republic of Nigeria and Commander-in-Chief of the Armed Forces, President Bola Tinubu has approved the appointment of a new 13-member board for the Bank of Industry.
According to the statement released by the Special Adviser to the President on Media & Publicity, Ajuri Ngelale revealed that Dr. Mansur Muhtar, OFR, was appointed the Chairman of the board and Dr. Olasupo Olusi was appointed as the Managing Director/Chief Executive Officer.
Also, five other Executive Directors and 6 Non-Executive Directors were appointed.
The Executive Directors include Mrs. Ifeoma Uz'Okpala as Executive Director of Large Enterprises; Mr. Shekarau Omar as Executive Director of Micro, Small & Medium Enterprises; Mr. Usen Effiong as Executive Director of Corporate Services; Ms. Mabel Ndagi as Executive Director of Public Sector & Intervention Programmes; and Mr. Rotimi Akinde was also appointed as the Executive Director of Corporate Finance & Risk Management.
The Non-Executive Directors include Mallam Tajudeen Datti Ahmed as Non-Executive Director, representing the Ministry of Finance Incorporated; Mr. Adedamola Olufemi Young as Non-Executive Director, representing Central Bank of Nigeria; Reverend Isaac Adefemi Agoye as Non-Executive, representing Manufacturers Association of Nigeria; Mallam Muhammad Bala as Non-Executive, representing Federal Ministry of Industry, Trade & Investment; Mr. Oreoluwa Adeyemi as Independent Non-Executive Director; and Mr. Sulaiman Musa Kadira as Independent Non-Executive Director.
Dr. Muhtar's career spans decades in finance, international development, public service, and academia. He 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 Bank of Industry 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.