President Tinubu Appoints new Managing Director for Bank of Industry

By Temitope Mustapha and Jennifer Inah, Abuja

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Nigeria’s President, Bola Ahmed Tinubu has approved the nomination of Dr. Olasupo Olusi to serve as the Managing Director and Chief Executive Officer of the Bank of Industry (BOI) for four (4) years in office.

Approval for Dr. Olusi’s appointment was contained in a statement signed by the President’s Spokesperson, Ajuri Ngelale.

Dr. Olusi’s appointment also followed the voluntary resignation of former BOI Managing Director and Chief Executive Officer, Mr. Olukayode Pitan.

Dr. Olasupo Olusi has served as a World Bank economist and development finance expert over the past 20 years.

Between 2011 and 2015, Dr. Olusi served as the economic adviser to the then Coordinating Minister of the Economy and Minister of Finance.

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.

The President tasks 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.

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