Jobs/Appointments
Kristalina Georgieva to Lead IMF for Second Five-year Term
By Adedapo Adesanya
The Executive Board of the International Monetary Fund (IMF) has selected Ms Kristalina Georgieva to serve as the organisation’s Managing Director for a second five-year term starting on October 1, 2024.
According to a statement issued by the IMF Press Centre on Saturday, the board’s decision was taken by consensus, adding that it was in line with the selection process established on March 13, 2024.
The board held several discussions, including with Ms Georgieva, the sole candidate nominated for the position, before making its decision.
It said in a follow-up of the meeting held, the Coordinators of the Executive Board, Mr Afonso Bevilaqua, and Mr Abdullah BinZarah, noted that, “In taking this decision, the board commended Ms Georgieva’s strong and agile leadership during her term, navigating a series of major global shocks.
“Ms Georgieva led the IMF’s unprecedented response to these shocks, including the approval of more than 360 billion dollars in new financing since the start of the pandemic for 97 countries.
“Also, debt service relief to the fund’s poorest, most vulnerable members, and a historic Special Drawing Rights (SDR) allocation equivalent to $650 billion.”
The coordinators said under her leadership, the Bretton Wood institution introduced innovative new financing facilities, including the Resilience and Sustainability Facility and the Food Shock Window.
“It replenished the Poverty Reduction and Growth Trust, with the capacity to mobilise concessional loans to its poorest members, and co-created the Global Sovereign Debt Roundtable.
“It also secured a 50 per cent quota increase to bolster the fund’s permanent resources and agreed to add a third Sub-Saharan African chair to the IMF Board.
“Looking ahead, the board welcomes Ms Georgieva’s ongoing emphasis on issues of macroeconomic and financial stability, while also ensuring that the fund continues to adapt and evolve to meet the needs of its entire membership.
‘It recognises her focus on strengthening the fund’s support to its members through effective policy advice, capacity development, and financing.
“The board looks forward to continuing to work closely with the Managing Director.”
In her response, Ms Georgiana expressed her deep gratitude for the trust and support of the fund’s executive board, representing the fund’s 190 members, adding that she was honoured to continue to lead the IMF as Managing Director for a second five-year term.
“In recent years, the IMF has helped our member countries to navigate successive shocks, including the pandemic, war and conflicts, and a cost-of-living crisis.
“We also stepped up our work on climate change, fragility, and conflict, and the digital transition, in line with their increased significance for macroeconomic and financial stability, growth and employment”.
Ms Georgieva said the IMF’s financial support, policy advice, and capacity development work delivered by its exceptional staff had contributed to countries’ capacity to deal with high uncertainty and abrupt shifts in economic conditions.
“We are and will remain a transmission line of good policies for our members.
“We will also continue to strive to be a more effective, incisive, and welcoming place for countries to come together to tackle global challenges.
“I look forward to continuing serving our membership, together with the highly professional and committed staff of the IMF,” she said.
Ms Georgieva, a national of Bulgaria, has been the IMF’s Managing Director since 2019. Previously she served as Chief Executive Officer of the World Bank from January 2017.
From February 1, 2019, to April 8, 2019, she was the World Bank Group Interim President. She previously served at the European Commission as Commissioner for International Cooperation, Humanitarian Aid, and Crisis Response, and as Vice-President for Budget and Human Resources.
By Adedapo Adesanya
President Bola Tinubu has approved the appointment of Mr Shu’aibu Shehu Aliyu as the Executive Secretary of the Petroleum Technology Development Fund (PTDF).
Mr Aliyu, a professor, is to replace Mr Ahmed Galadima Aminu, who recently resigned to participate in the 2027 governorship election in Adamawa State.
In a statement by a spokesperson to the President, Mr Bayo Onanuga, on Thursday, it was disclosed that the appointment of Mr Sule Ahmed Abdulaziz as the chief executive of the Transmission Company of Nigeria (TCN) has been renewed for a second and final term.
These appointments are said to take effect immediately.
Professor Aliyu, the new PTDF helmsman, is a distinguished academic and seasoned administrator with extensive experience in research, education, and institutional leadership. His appointment underscores the President’s commitment to strengthening key institutions in the petroleum sector and advancing capacity development for Nigeria’s energy industry.
“The President expects him to leverage his wealth of experience to reposition the PTDF for greater impact in human capital development, innovation, and strategic support for the oil and gas sector in line with national priorities.
“President Tinubu renewed Engineer Abdulaziz’s appointment following a comprehensive assessment of his performance and leadership of the nation’s transmission network.
“Under his stewardship, TCN has recorded notable improvements in grid stability, transmission capacity expansion, and system modernisation, reinforcing its critical role in Nigeria’s electricity value chain.
“Engr. Abdulaziz brings over three decades of experience in the power sector and has also strengthened regional electricity integration through his leadership in the West African Power Pool (WAPP).
“President Tinubu urges both appointees to discharge their responsibilities with diligence, integrity, and a strong sense of national service,” the statement said.
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited saw its workforce rise by 12.2 per cent to 6,247 at the end of 2025 from 5,566 in the corresponding period of 2024, according to its latest employee data.
The state oil firm stated that its employees increased by 14.3 per cent from 5,495 recorded at the end of the first quarter of 2025 to 6,280 at the end of the second quarter of 2025.
Its staff strength, however, dropped by 0.11 per cent to 6,273 workers in the third quarter of 2025 and further shrank by 0.41 per cent to 6,247 in the last quarter of the year under review.
Giving a breakdown of its workforce in terms of gender, the NNPC disclosed that at the end of the fourth quarter, 5,044 employees, representing 80.7 per cent of its workforce, were males, while 1,203 employees, representing 19.3 per cent of its total workforce, were females.
Further breakdown revealed that Junior Staff 2 (JS 2) and Junior Staff 1 (JS1) cadres had one staff member and 175 staff members, respectively, at the end of the fourth quarter of 2025, as against one staff and 187 staff members, respectively, recorded in the third quarter of 2025.
In addition, the Senior Staff Seven (SS7) cadre had 31 employees, remaining the same as in the previous quarter, while the SS6 cadre dropped to 1,010 staff, from 1,012 staff recorded at the end of the third quarter of 2025.
The SS5, SS4, SS3, SS2 and SS1 staff cadre recorded 1,076 staff, 164 staff, 389 staff, 471 staff and 1,829 staff, respectively, in the quarter under review, compared with 1,076 staff, 164 staff, 391 staff, 478 staff and 1,835 staff, respectively, recorded in the third quarter of 2025.
Management Six (M6) cadre had 695 staff in the second quarter of 2025, compared with 699 staff in the same category in the previous quarter, while M5, M4, M3, M2 and M1 cadres had 237 staff, 117 staff, 47 staff, seven staff and one staff respectively, compared with 243 staff, 116 staff, 44 staff, seven staff and one staff in the corresponding cadres in the third quarter of 2025.
Further analysis of the NNPC workforce across different cadres showed that JS2 and JS1 accounted for 0.02 per cent and 2.75 per cent of its total workforce, respectively, while SS7, SS6, SS5, SS4, SS3, SS2 and SS1 cadres accounted for 0.50 per cent, 16.17 per cent, 17.22 per cent, 2.63 per cent, 6.23 per cent, 7.54 per cent and 29.28 per cent of the state oil company’s total workforce, respectively.
In addition, NNPC’s M6, M5, M4, M3, M2 and M1 cadres accounted for 11.13 per cent, 3.79 per cent, 1.87 per cent, 0.75 per cent, 0.11 per cent and 0.02 per cent, respectively.
In general, the NNPC Limited noted that it had 173 employees in its junior staff category; 4,970 employees in its senior staff category, and 1,104 employees in its management category.
It also reported that in its middle management cadre, it has 932 employees, accounting for 14.92 per cent of its total workforce, while the top management cadre had 172 employees, accounting for 2.75 per cent of its total workforce.
By Adedapo Adesanya
President Bola Tinubu has appointed Mr Ibrahim Ida as Chairman of the Corporate Affairs Commission (CAC).
Mr Ida holds an MSc in Banking and Finance from the University of Ibadan (1983) and an LLB from the University of Abuja (2003). Before being elected to the Senate in 2017 to represent Katsina Central, he served as the Commissioner of Finance for Katsina State and as the Permanent Secretary of the Federal Civil Service.
His appointment comes as the CAC faces legislative scrutiny over its books. The commission is part of a group of agencies that the House of Representatives Public Accounts Committee (PAC) recommended zero allocation for the year 2026, for allegedly failing to account for public funds appropriated to them.
The committee, at an investigative hearing held in February, accused CAC and some other ministries, departments and agencies (MDAs) of shunning invitations to respond to audit queries contained in the Auditor-General for the Federation’s annual reports for 2020, 2021 and 2022.
It asked the National Assembly not to continue to appropriate public funds to institutions that disregard accountability mechanisms.
President Tinubu also nominated seven people to fill vacant commissioner positions at the National Population Commission (NPC) as Federal Commissioners to represent their respective states in the National Population Commission. The nominees are;
1. Kolawole Oladipupo Alabi – Ekiti State
2. Nasiru Mu’azu – Zamfara State
3. Usman Abubakar Tuggar – Bauchi State
4. Dr Isaka Alada Yahaya – Kwara State
5. Prof. Sadiq Isah Radda – Katsina State
6. Suleiman Umar – Jigawa State
7. Hon. Chiso Abdullahi Dattijo – Sokoto State
The appointments, which complement other Federal Commissioners already sworn in, are subject to confirmation by the National Assembly.
The President also appointed Mr Yusuf Mohammed of Kano State as Chairman of the Federal Polytechnic, Kaltungo, and confirmed the appointment of Mr Bala Mohammed Bello as his Special Adviser on Political Economy.
Mr Bello, from Kebbi State, holds a Bachelor’s Degree in Accounting and an MBA from Ahmadu Bello University, Zaria. Before this appointment, he was a Deputy Governor at the Central Bank of Nigeria (CBN). He also served as Executive Director (Corporate Services) at the Nigerian Export-Import Bank (NEXIM) from 2017 to 2022.
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