Tinubu Appoints Olasupo Olusi BoI MD/CEO as Kayode Pitan Resigns

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By Modupe Gbadeyanka

Mr Olasupo Olusi has been appointed by President Bola Tinubu as the new Managing Director and Chief Executive Officer of the Bank of Industry (BoI).

He is to replace the former occupier of the seat, Mr Kayode Pitan, who resigned from the lending institution for small and medium-sized business owners in the country.

In a statement issued by his aide on Media and Publicity, Mr Ajuri Ngelale, the President tasked the new BOI chief executive to ensure that Nigerians, who are operating all sizes of enterprises across sectors, are given fair and equitable access to much-needed support to bolster employment generation and wealth creation amongst income groups in the country with special regard for lower and middle-income enterprise operators.

Mr Olusi is to serve for a term of four years in the first instance.

Before his latest appointment, the development finance expert over the past 20 years had been a World Bank economist.
Between 2011 and 2015, he was the economic adviser to the then Coordinating Minister of the Economy and Minister of Finance, Mrs Ngozi Okonjo-Iweala.

He is an alumnus of Hull University, United Kingdom, and also obtained a Master’s degree in International Money, Finance, and Investment, as well as a Doctorate in Finance & Economics from Durham University, United Kingdom, in 2005.

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