BREAKING: Pres. Tinubu appoints World Bank economist Olasupo Olusi as CEO of BoI.

Olasupo Olusi, a development finance specialist and economist with the World Bank, has been appointed by President Bola Tinubu as the Bank of Industry’s (BoI) new managing director and CEO.

Olusi’s appointment, which is for a term of four years, comes after Olukayode Pitan, the former head of BOI, voluntarily resigned, according to a statement released on Thursday by Ajuri Ngelale, special adviser to the president.

Less than two years have passed since Pitan was reappointed as CEO of the Bank of India by former President Muhammadu Buhari, with a five-year term in office.

Olusi spent twenty years working for the World Bank as an economist and development finance specialist.

Olusi worked as the coordinating minister of the economy and minister of finance’s economic adviser from 2011 until 2015.

In 2005, he graduated from Durham University in the United Kingdom with a PhD in finance and economics and a master’s degree in international money, finance, and investment.

Olusi attended Hull University in the United Kingdom.

Tinubu gave the incoming BoI CEO a mandate in the statement to make sure that Nigerians running businesses of all sizes in a variety of industries are provided fair and equal access to much-needed support in order to support the creation of jobs.

The bank should also analyze how wealth is created across the nation’s socioeconomic categories and show consideration for lower- and middle-class business owners, the president added.