President Bola Tinubu has approved the appointment of former Minister of Finance, Budget and Economic Development (2008-2010), as Board Chairman of Bank of Industry (BOI).
His appointment was announced on Monday, September 1, 2024, by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale.
Mr. Muhtar previously served as Executive Director on the Board of the World Bank Group (2011-2014) as well as Co-Chair of the UN Inter-Governmental Committee of Experts on Sustainable Development Finance (2013-2014).
He also served as Executive Director, African Development Bank (2007-2008) and as Director-General of Nigeria’s Debt Management Office (2003-2007).
He was Vice-President, Operations of the Islamic Development Bank, before his recent appointment.
Other qualified Nigerians appointed by the President to the board are:
(2) Dr. Olasupo Olusi — Managing Director/Chief Executive Officer (3) Mrs. Ifeoma Uz’Okpala — Executive Director, Large Enterprises (4) Mr. Shekarau Omar — Executive Director, Micro, Small & Medium Enterprises (5) Mr. Usen Effiong — Executive Director, Corporate Services (6) Ms. Mabel Ndagi — Executive Director, Public Sector & Intervention Programmes (7) Mr. Rotimi Akinde — Executive Director, Corporate Finance & Risk Management (8) Mallam Tajudeen Datti Ahmed — Non-Executive Director, representing the Ministry of Finance Incorporated (9) Mr. Adedamola Olufemi Young — Non-Executive Director, representing Central Bank of Nigeria (10) Reverend Isaac Adefemi Agoye — Non-Executive, representing Manufacturers Association of Nigeria (11) Mallam Muhammad Bala — Non-Executive, representing Federal Ministry of Industry, Trade & Investment (12) Mr. Oreoluwa Adeyemi — Independent Non-Executive Director (13) Mr. Sulaiman Musa Kadira — Independent Non-Executive Director Dr. Muhtar’s career spans decades in finance, international development, public service, and academia.
The President expects the new board of the Bank of Industry to work harmoniously, diligently, and with utmost fidelity to the nation in driving the mandate of this critical institution as a development vehicle for providing support for projects that enhance job creation, poverty alleviation, and the socio-economic conditions of Nigerian families.
