By Bassey Udo
A new Managing Director and Chief Executive Officer has been appointed for the Nigeria Sovereign Investment Authority (NSIA). He is Aminu Umar-Sadiq.
Presìdent Muhammadu Buhari approved the appointment along those Kolawole Owodunni and Bisi Makoju, as Executive Directors of the investment agency.
The appointment of the new MD followed the expiration of the tenure of the erstwhile MD, Uche Orji, on September 30, 2022.
Orji served two terms of five-years each since his appointment on October 2, 2012.
Section 16(3) of the NSIA Establishment Act 2011 specifies that the Executive Nomination Committee (ENC) be constituted to begin the process of recruitment and selection of a new CEO for the replacement of the MD and the Executive Directors.
Until his appointment, ,Umar-Sadiq was an Executive Director and Head of Infrastructure.
He has a Bachelor and Master of Engineering degrees in Engineering Sciences from University of Oxford (Saint John’s College), Oxford, United Kingdom (UK).
He is Archbishop Tutu Leadership Fellow (ATLF) and also Mandela Washington Fellowship (MWF).
Umar-Sadiq commenced his professional career in Mergers and Acquisitions M&A) focused on Infrastructure and Energy at Morgan Stanley Investment Bank, proceeding to Infrastructure focused private equity at Denham Capital Management, all in the UK.
He has worked on several projects including Presidential Fertiliser Initiative, an import substitution programme for the delivery of one million high quality, lower cost to farmers at lower cost metric tons of fertilizer.
He was also a part of the Presidential Infrastructure Development Fund, an investment fund focused on the actualisation of five strategic nationwide projects in the transportation and power sectors. He has a vast experience in investment and infrastructure industry.
Bisi Makoju is a Financial Expert with vast experience in financial risk management, while Kolawole Owodunni is a professional of 18 years standing in the Financial Services Sector, with emphasis on investment management, Risk Management and Treasury.
They are all expected to help steer and transform the investment and infrastructure industry and propel the sector to a higher growth pedestal.
