President Tinubu appoints New BOI MD

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Dr. Olasupo Olusi has been named the new Managing Director and Chief Executive Officer of the Bank of Industry (BOI) by President Bola Tinubu.

The presidential spokesperson, Ajuri Ngelale, made this announcement in a statement on Thursday, stating that the appointment is for a term of four years initially.

According to the statement, “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.”

With a focus on lower- and middle-income enterprise operators, Tinubu gave the new BOI Chief Executive the task of making sure that Nigerians operating all sizes of businesses across sectors have fair and equitable access to the support they need to increase wealth creation and employment in the nation.

Olusi spent the previous 20 years working as a development finance specialist and economist with the World Bank before being appointed.

He served as Ngozi Okonjo-Iweala’s economic advisor from 2011 to 2015, during the time she served as both the minister of finance and Coordinating Minister of the Economy.

He graduated from Hull University in the UK, and in 2005, he earned a doctorate in finance and economics from Durham University in the same country. He also holds a master’s degree in international money, finance, and investment.

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