TheCable

President Bola Tinubu has appointed Olasupo Olusi, a World Bank economist and development finance expert, as the new managing director and chief executive officer (CEO) of the Bank of Industry (BoI).

Ajuri Ngelale, special adviser to the president, in a statement on Thursday, said Olusi’s appointment, which is for a term of four years, comes following the voluntary resignation of Olukayode Pitan, former BOI chief.

Pitan’s resignation is coming less than two years after former president Muhammadu Buhari reappointed him as BoI CEO — to serve a term of five years.

Olusi served as a World Bank economist and development finance expert for 20 years.

Between 2011 and 2015, Olusi served as the economic adviser to the coordinating minister of the economy and minister of finance.

He obtained 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.

Olusi is an alumnus of Hull University, United Kingdom.

In the statement, 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.

The president added that the bank must look into wealth creation amongst income groups in the country and be considerate to lower and middle-income enterprise operators.