Tinubu Accepts Pitan’s Resignation As CEO of BoI

* Names Olusi as replacement 

Deji Elumoye in Abuja 

President Bola Tinubu has approved the appointment of Dr. Olasupo Olusi as the Managing Director and Chief Executive Officer of the Bank of Industry (BoI) for a term of four years in the first instance.

According to a release issued on Thursday by presidential spokesperson, Ajuri Ngelale, the president’s approval of Olusi’s appointment followed the voluntary resignation of former BoI Managing Director and Chief Executive Officer, Mr. Olukayode Pitan.

President Tinubu tasked 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 the much needed support in order to bolster employment generation and wealth creation amongst income groups in the country with special regard for lower and middle income enterprise operators.

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

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

He is an alumnus of Hull University, United Kingdom. 

He also obtained a Masters degree in International Money, Finance and Investment, as well as a Doctorate in Finance & Economics from Durham University, United Kingdom in 2005.