The Minister of Industry, Trade and Investment, Dr. Olusegun Aganga, has urged the newly inaugurated Board of Directors of the Bank of Industry to ensure an inclusive and sustainable economic growth in the country.
Aganga made the call at the inauguration of the fourth Board of Directors of the BOI on Tuesday in Abuja.
He said that the board comprises of men and women of integrity, knowledge, relevant competence and experience in the public and private sectors of the economy.
Aganga urged the board to work towards its mandate of providing financial assistance for the establishment of large, medium and small projects and to create an enabling environment to stimulate domestic investment.
He said that the country’s objective was not just to grow the economy, but to ensure that the funding needs of the Micro, Small and Medium enterprises were prioritised.
Aganga said that the ministry was enjoined to give policy guidance to the bank toward the achievement of these objectives.
On his expectations of the board, he said: “I expect your board to forward to me quarterly progress reports showing performance in the quarter and year to date.”
The nine-member board members are Abdusamad Rabiu (Chairman), Rasheed Olaoluwa (Managing Director), Muhammed Alkali (Executive Director, Operations) and Waheed Olagunju (Executive Director, Corporate Services).
Others are Kenneth Efa, Abubakar Isah (representing the Ministry of Finance), Olufemi Fabao (representing the Central Bank of Nigeria), Uju Hassan-Baba and Chief Lawrence Osayemi (representing the Manufacturers Association of Nigeria).
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