Nigeria’s President Bola Tinubu has announced the appointment of Olasupo Olusi, a seasoned economist with vast experience in development finance, as the new Managing Director and Chief Executive Officer (CEO) of the Bank of Industry (BoI).
This decision comes following the voluntary resignation of the former BOI chief, Olukayode Pitan, and Olusi’s term is set for four years.
Pitan’s resignation occurred less than two years after his reappointment by former President Muhammadu Buhari, who had initially designated him as the BoI CEO for a five-year term.
Dr. Olusi, with two decades of experience as a World Bank economist and development finance expert, brings a wealth of knowledge and expertise to his new role.
Between 2011 and 2015, he also served as the economic adviser to the Coordinating Minister of the Economy and Minister of Finance in Nigeria.
Dr. Olusi’s educational background is equally impressive, having earned a master’s degree in international money, finance, and investment, as well as a doctorate in finance and economics from Durham University, United Kingdom, in 2005.
He is also an alumnus of Hull University, United Kingdom.
In an official statement, President Tinubu charged the newly appointed CEO with the crucial responsibility of ensuring that Nigerian enterprises of all sizes and sectors receive fair and equitable access to the much-needed support to boost employment generation.
He emphasized that the bank must focus on wealth creation across income groups in the country, particularly considering the needs of lower and middle-income enterprise operators.