President Bola Tinubu has appointed Dr. Olasupo Olusi as the new Managing Director and Chief Executive Officer of Nigeria’s Bank of Industry (BOI). Dr. Olusi will serve a 4-year term, replacing outgoing MD Olukayode Pitan, who resigned voluntarily.
Dr. Olasupo Olusi is an economist and development finance expert with over 20 years of experience at the World Bank. From 2011 to 2015, he served as an economic adviser to Nigeria’s Minister of Finance and Coordinating Minister for the Economy.
Dr. Olusi holds a Masters degree in International Money, Finance, and Investment as well as a PhD in Finance and Economics from Durham University, UK. He brings a wealth of experience in development finance to his new role leading the BOI.
The Nigerian Bank of Industry (BOI) was established in 2001 to provide medium- and long-term financing for the establishment of large, medium, and small projects, as well as expansion, diversification, and modernization of existing enterprises. The BOI aims to stimulate economic growth and development in Nigeria by supporting industrialization and job creation, especially for SMEs.