Thursday, April 25, 2024
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Buhari names Aminu Umar-Sadiq as new MD/CEO of NSIA

President Muhammadu Buhari, yesterday, approved the appointment of Aminu Umar-Sadiq as the managing director and chief executive officer (MD/CEO) of the Nigeria Sovereign Investment Authority (NSIA).

The president also appointed Kolawole Owodunni and Bisi Makoju as executive directors.

The appointment of the new MD/CEO follows the expiration of the tenure of Uche Orji, whose tenure expired on September 30, 2022, after serving two five-year terms following his appointment on October 2, 2012.

Yunusa Tanko Abdullahi, special adviser, media & communications to the finance minister, said this in a statement on Monday.

The NSIA (Establishment) Act 2011 grants power to the president to appoint individuals to the board of directors on the recommendations of the minister of finance, who shall consult with the NEC

Aminu Umar-Sadiq is a former executive director and head of infrastructure at NSIA.

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.

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