President Bola Tinubu has appointed Dr. Olasupo Olusi as the new Managing Director and Chief Executive Officer of the Bank of Industry (BOI).
This was announced in a statement on Thursday by the presidential spokesman, Ajuri Ngelale, saying the appointment is for a term of four years in the first instance.
“The President’s approval of Dr. Olusi’s appointment follows the voluntary resignation of former BOI Managing Director and Chief Executive Officer, Mr. Olukayode Pitan,” the statement read.
Tinubu charged 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 in order to bolster employment generation and wealth creation amongst income groups in the country with special regard for lower- and middle-income enterprise operators.
Until his appointment, Olusi served as a World Bank economist and development finance expert over the past 20 years.
Between 2011 and 2015, he was the economic adviser to then Coordinating Minister of the Economy and Minister of Finance, Ngozi Okonjo-Iweala.
An alumnus of Hull University, United Kingdom, he obtained a Masters degree in International Money, Finance, and Investment, as well as a Doctorate in Finance and Economics from Durham University, United Kingdom, in 2005.
The president also yesterday withdrew the nomination of Engr. Imam Kashim Imam as the Chairman of the Board of Directors of the Federal Roads Maintenance Agency (FERMA).
24-year-old Imam was on October 13 appointed by the President “for a renewable term of four (4) years, in accordance with Section 2(3) of the FERMA Amendment Act, 2007”.
The appointment was said to have generated concerns, with many saying he lacked the requisite experience for the job.
Following the uproar, presidential spokesman, Ajuri Ngelale, said Thursday that the withdrawal of the nomination is with immediate effect.
Although no reason was given by the presidency for the decision, Ngelale said all other appointments to the Board and Executive Management team of FERMA are not affected by this directive.
President Tinubu Appoints Dr. Olusi As New BOI MD, Withdrew Nomination of Imam as FERMA Chairman
President Bola Tinubu has appointed Dr. Olasupo Olusi as the new Managing Director and Chief Executive Officer of the Bank of Industry (BOI).
This was announced in a statement on Thursday by the presidential spokesman, Ajuri Ngelale, saying the appointment is for a term of four years in the first instance.
“The President’s approval of Dr. Olusi’s appointment follows the voluntary resignation of former BOI Managing Director and Chief Executive Officer, Mr. Olukayode Pitan,” the statement read.
Tinubu charged 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 in order to bolster employment generation and wealth creation amongst income groups in the country with special regard for lower- and middle-income enterprise operators.
Until his appointment, Olusi served as a World Bank economist and development finance expert over the past 20 years.
Between 2011 and 2015, he was the economic adviser to then Coordinating Minister of the Economy and Minister of Finance, Ngozi Okonjo-Iweala.
An alumnus of Hull University, United Kingdom, he obtained a Masters degree in International Money, Finance, and Investment, as well as a Doctorate in Finance and Economics from Durham University, United Kingdom, in 2005.
The president also yesterday withdrew the nomination of Engr. Imam Kashim Imam as the Chairman of the Board of Directors of the Federal Roads Maintenance Agency (FERMA).
24-year-old Imam was on October 13 appointed by the President “for a renewable term of four (4) years, in accordance with Section 2(3) of the FERMA Amendment Act, 2007”.
The appointment was said to have generated concerns, with many saying he lacked the requisite experience for the job.
Following the uproar, presidential spokesman, Ajuri Ngelale, said Thursday that the withdrawal of the nomination is with immediate effect.
Although no reason was given by the presidency for the decision, Ngelale said all other appointments to the Board and Executive Management team of FERMA are not affected by this directive.
