Buhari names Aminu Umar-Sadiq as new MD/CEO of NSIA
The Nigerian president, Muhammadu Buhari, authorized Aminu Umar-nomination Sadiq’s as managing director and chief executive officer (MD/CEO) of the Nigeria Sovereign Investment Authority on Monday (NSIA).
As executive directors, the president also named Kolawole Owodunni and Bisi Makoju.
Uche Orji was appointed on October 2, 2012, and his tenure ended on September 30, 2022, after serving two terms of five years. The next MD/CEO was appointed in his place.
This was said in a statement released on Monday by Yunusa Tanko Abdullahi, the finance minister’s special adviser for media and communications.
The NSIA (Establishment) Act of 2011 gives the president the authority to appoint members to the board of directors based on the minister of finance’s recommendations after consulting with the NEC.
Aminu Umar-Sadiq is a former executive director and head of infrastructure at NSIA.
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He has a Bachelor’s and Master’s degree in Engineering Sciences from the University of Oxford (Saint John’s College), Oxford, United Kingdom (UK), his profile on the NSIA website reads.
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 the Presidential Fertiliser Initiative, an import substitution program for the delivery of 1 million high-quality, lower cost to farmers at lower cost metric tons of fertiliser. 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 the investment and infrastructure industry.
OTHER EXECUTIVE DIRECTORS
The statement described Bisi Makoju as a financial expert with vast experience in risk management while Kolawole Owodunni as a professional in the financial services sector with an emphasis in 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 high pedestal,” the statement added.
Last week, the National Economic Council (NEC) approved new nominees for the NSIA top positions.
In a statement issued at the end of the NEC meeting presided by Vice-President Yemi Osinbajo, Laolu Akande, his media adviser, said the names of the nominees were presented, approved and forwarded to the president for his approval.
