President Bola Tinubu has appointed a new board for the Bank of Industry Limited (BOI). Among the appointees is Dr. Mansur Muhtar, OFR, who served as Minister of Finance, Budget, and Economic Development from 2008 to 2010 under the late President Umaru Musa Yar’Adua. Dr. Muhtar will now lead the BOI as its Chairman, bringing his extensive experience in finance, international development, and public service to the role.
Dr. Muhtar’s career is marked by decades of contributions to Nigeria’s economic landscape. Before his appointment to the BOI, he served as the Vice-President of Operations at the Islamic Development Bank (IDB), where he oversaw critical financial operations that impacted member countries, including Nigeria. His deep understanding of both local and global financial systems is expected to be instrumental in guiding the BOI’s strategic initiatives.
Joining Dr. Muhtar on the BOI board are several other distinguished professionals who have been tasked with driving the bank’s mandate to support industrial growth, job creation, and socio-economic development across Nigeria. The new appointees include:
Dr. Olasupo Olusi as Managing Director/Chief Executive Officer.
Mrs. Ifeoma Uz’Okpala as Executive Director, Large Enterprises.
Mr. Shekarau Omar as Executive Director, Micro, Small & Medium Enterprises.
Mr. Usen Effiong as Executive Director, Corporate Services.
Ms. Mabel Ndagi as Executive Director, Public Sector & Intervention Programmes.
Mr. Rotimi Akinde as Executive Director, Corporate Finance & Risk Management.
In addition to these executive roles, several non-executive directors have been appointed to represent key stakeholders:
Mallam Tajudeen Datti Ahmed will represent the Ministry of Finance Incorporated, providing oversight and ensuring alignment with national financial policies.
Mr. Adedamola Olufemi Young will represent the Central Bank of Nigeria, bringing insights from the apex bank to the board’s decision-making processes.
Reverend Isaac Adefemi Agoye will represent the Manufacturers Association of Nigeria, advocating for the interests of the manufacturing sector.
Mallam Muhammad Bala will represent the Federal Ministry of Industry, Trade & Investment, ensuring that the BOI’s activities align with the nation’s industrial policies.
Mr. Oreoluwa Adeyemi and Mr. Sulaiman Musa Kadira have been appointed as Independent Non-Executive Directors, bringing diverse perspectives to the board and ensuring balanced governance.
President Tinubu, in announcing these appointments, expressed confidence that the new BOI board will work harmoniously and diligently to fulfill its mandate. He emphasized the importance of the bank in driving projects that will lead to job creation, poverty alleviation, and improved socio-economic conditions for Nigerian families.
