NEXIM Gets New Board Chair, Directors
Following the constitution of the Governing Boards of Government Agencies by the President and Commander- in-Chief of the Federal Republic of Nigeria, the Honourable Minister of Finance, Mrs. Kemi Adeosun has inaugurated the Board of Directors of the Nigerian Export-Import Bank (NEXIM).
In line with the Nigerian Export-Import Bank Act 38 of 1991, the new Board has as its Chairman, Dr. Joseph Okwu Nnanna, Deputy Governor, Economic Policy of the Central Bank of Nigeria (CBN). Other directors include Dr. Mudashiru Olaitan, Mrs Olubunmi Siyanbola, Mr. Ochapa Ogenyi, Engr. (Hon) Adesina Adegbenro, and Hajiya Ramatu Ahmed. The newly appointed directors join the Executive Management Team of the Bank headed by Abba Bello, the Managing Director/Chief Executive, who is ably assisted by Bala Bello, Executive Director, Corporate services and Stella Okotete, Executive Director, Business Development.
The new Chairman, Dr. Nnanna, brings to bear his rich experience as an economist and banker over the last three decades, during which he has been involved in policy formulation and development of financial markets. Having joined the Central Bank of Nigeria in 1994, he rose to become the Director, Research & Statistics in 2001 and was appointed Deputy Governor in 2015. In-between his career at the CBN, he held several positions and was the Director General of the West African Monetary Institute (WAMI) from 2006-2008. He also served as a Staff Economist & Desk Officer in the African Department of the International Monetary Fund (IMF) and was a Consultant to the United Nations Conference on Trade & Development (UNCTAD).
Given the recent efforts to retool and enhance its operations, the Bank is quite excited that the inauguration of the new Board will engender necessary synergy and strengthen the corporate governance structures to deliver quickly on its mandate.
It would be recalled that following the assumption of office of a new executive management in April, 2017, NEXIM has embarked on a strategic repositioning exercise and restructuring of its operations towards achieving the economic diversification objectives of the federal government of Nigeria in line with the Economic Recovery and Growth Plan (ERGP).
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