President Bola Tinubu has approved the appointment of a new 13-member board for the Bank of Industry (BoI), with Dr. Mansur Muhtar as Chairman and Dr. Olasupo Olusi as Managing Director/Chief Executive Officer.
According to a statement issued on Monday by presidential spokesperson Ajuri Ngelale, the board includes 11 additional directors—five executive and six non-executive—appointed by the president.
The Executive Directors are Mrs. Ifeoma Uz’Okpala (Large Enterprises), Mr. Shekarau Omar (Micro, Small & Medium Enterprises), Mr. Usen Effiong (Corporate Services), Ms. Mabel Ndagi (Public Sector & Intervention Programmes), and Mr. Rotimi Akinde (Corporate Finance & Risk Management).
The Non-Executive Directors are Mallam Tajudeen Datti Ahmed (Ministry of Finance Incorporated), Mr. Adedamola Olufemi Young (Central Bank of Nigeria), Rev. Isaac Adefemi Agoye (Manufacturers Association of Nigeria), Mallam Muhammad Bala (Federal Ministry of Industry, Trade & Investment), Mr. Oreoluwa Adeyemi, and Mr. Sulaiman Musa Kadira (Independent Non-Executive Directors).
Dr. Muhtar, who has a distinguished career in finance, international development, public service, and academia, previously served as Minister of Finance, Budget and Economic Planning from 2008 to 2010 and was Vice-President of Operations at the Islamic Development Bank before his recent appointment.
President Tinubu has charged the new BoI board to work collaboratively, diligently, and with the utmost commitment to advancing the institution’s mandate as a development vehicle, focusing on projects that enhance job creation, poverty alleviation, and the socio-economic well-being of Nigerian families.