Tinubu appoints new board for BoI, name Mansur Muhtar as chairman

President Bola Tinubu has appointed a new board for the Bank of Industry (BOI), bringing together a group of seasoned professionals tasked with steering the institution towards its developmental goals. 

This development was announced on Monday through a press statement by Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity.

Leading the newly appointed board is Dr. Mansur Muhtar, a former Minister of Finance, Budget, and Economic Development, who will serve as the Chairman.

Dr. Muhtar’s illustrious career includes serving as Minister of Finance from 2008 to 2010 and holding the position of Vice-President of Operations at the Islamic Development Bank.

His extensive experience in finance, international development, public service, and academia positions him to effectively guide the BOI in fulfilling its mandate of supporting projects that create jobs, alleviate poverty, and uplift the socio-economic status of Nigerian families.

Joining Dr. Muhtar on the board, Dr. Olasupo Olusi has been appointed as the Managing Director and Chief Executive Officer of the BOI.

The executive team is further strengthened by Mrs. Ifeoma Uz’Okpala as Executive Director of Large Enterprises, Mr. Shekarau Omar as Executive Director of Micro, Small & Medium Enterprises, and Mr. Usen Effiong as Executive Director of Corporate Services.

Additionally, Ms. Mabel Ndagi has been named Executive Director of Public Sector & Intervention Programmes, with Mr. Rotimi Akinde serving as Executive Director of Corporate Finance & Risk Management.

The board also features Non-Executive Directors representing key sectors and stakeholders.

Mallam Tajudeen Datti Ahmed will represent the Ministry of Finance Incorporated, while Mr. Adedamola Olufemi Young will represent the Central Bank of Nigeria.

Reverend Isaac Adefemi Agoye has been appointed to represent the Manufacturers Association of Nigeria, and Mallam Muhammad Bala will represent the Federal Ministry of Industry, Trade & Investment.

Independent Non-Executive Directors Mr. Oreoluwa Adeyemi and Mr. Sulaiman Musa Kadira will also serve on the board.

President Tinubu has charged the new board members with the responsibility of working harmoniously and diligently, emphasizing their crucial role in driving the BOI’s mission to enhance Nigeria’s economic development and prosperity.

According to the statement, the president expects the board to operate with the utmost fidelity to the nation, ensuring that the bank continues to serve as a critical development vehicle in Nigeria’s economic landscape.