By Adedapo Adesanya
President Bola Tinubu has approved the appointment of Mr Mansur Muhtar as the Chairman of the Bank of Industry (BoI) Limited.
According to a statement signed by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, President Tinubu also appointed some persons to the board of the lender, including Mr Olasupo Olusi as the chief executive.
Others include Mrs Ifeoma Uz’Okpala as the Executive Director of Large Enterprises; Mr Shekarau Omar as the Executive Director of Micro, Small & Medium Enterprises; Mr Usen Effiong as the Executive Director of Corporate Services; Ms Mabel Ndagi as the Executive Director of Public Sector & Intervention Programmes; Mr Rotimi Akinde as the Executive Director of Corporate Finance & Risk Management; and Mr Tajudeen Datti Ahmed as the Non-Executive Director, representing the Ministry of Finance Incorporated.
Also included are Mr Adedamola Olufemi Young as a Non-Executive Director, representing the Central Bank of Nigeria (CBN); Reverend Isaac Adefemi Agoye as a Non-Executive, representing the Manufacturers Association of Nigeria; Mr Muhammad Bala as a Non-Executive, representing Federal Ministry of Industry, Trade & Investment; Mr Oreoluwa Adeyemi as an Independent Non-Executive Director; and Mr Sulaiman Musa Kadira as an Independent Non-Executive Director.
The statement said Mr Muhtar’s career spans decades in finance, international development, public service, and academia, serving as Minister of Finance, Budget and Economic Development from 2008 to 2010 and was Vice-President of 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,” the statement said.
BoI, Nigeria’s oldest, largest and most successful development financing institution (DFI), was established in 1964. It exists to facilitate the transformation of Nigeria’s industrial sector by providing financial and advisory support for the establishment of large, medium and small projects/ enterprises, and the expansion, diversification, rehabilitation and modernisation of existing enterprises.
