On monday, 2nd September 2024, President Bola Tinubu approved the appointment of Dr. Olasupo Olusi to serve as the Managing Director and Chief Executive Officer of the Bank of Industry for a term of four years.
Olusi’s appointment follows the voluntary resignation of the immediate past MD/CEO of BoI, Olukayode Pitan.
But who is Dr. Olasupo Olusi? Olasupo is the son of Professor S. O. Olusi, a former dean of the College of Health Sciences at Obafemi Awolowo University, Ile Ife, Osun State. His mother, Professor Janet Omolara Olusi, is also an academician and retired from OAU as a professor of economics.
Academic Trajectory
Dr. Olusi holds a B.Sc. in Economics from Hull University, UK; an M.Sc. in International Money, Finance, and Investment from the University of Durham, UK; and a Ph.D. in Economics, also from the University of Durham. He is a proud member of the Royal Economic Society (United Kingdom) and the American Finance Association (USA).
Career Exploits
His illustrious journey commenced at the World Bank, where he significantly contributed to capital markets reform and conducted groundbreaking research on finance and private sector development in the Middle East and North Africa.
Over the years, Dr. Olusi has assumed pivotal roles, including serving as a World Bank Country Economist for several countries, an Economic Adviser at the Federal Ministry of Finance in Nigeria, and a Senior Private Sector Specialist at the International Finance Corporation (IFC).
In the sphere of fiscal policies and debt management, Dr. Olusi brings his expertise to bear in ensuring financial stability and transparency, a testament to his commitment to responsible economic practices.
With a proven track record in project management, financing, and implementation, he has successfully led diverse projects, showcasing proficiency in both lending and non-lending spheres.
His strategic vision includes creating an enabling environment for businesses through thoughtful policy reforms. Dr. Olusi’s adept knowledge and management skills contribute to impactful initiatives, including newsletters and inspirational lecture series.
Furthermore, Dr. Olasupo Olusi’s comprehensive approach encompasses nurturing entrepreneurship and fostering overall business development.
His multifaceted expertise positions him as a valuable leader in shaping economic landscapes and driving transformative change.
Noteworthy accomplishments include leading multi-million-dollar development projects, steering private sector diagnostics, and managing investment lending initiatives.
Dr. Olusi played a pivotal role in delivering the World Bank Group’s inaugural comprehensive assessment of Nigeria’s private sector in 2020.
In his current role as the Managing Director and CEO of the Bank of Industry, Dr. Olusi will be steering the organization towards transformative and competitive economic endeavors.
Leveraging his profound understanding of macroeconomic dynamics, his leadership is marked by a commitment to sustainable development, strategic planning, and localized implementation of corporate priorities.
Devoted to the growth of Micro, Small, and Medium Enterprises (MSMEs), Dr. Olusi would actively works towards economic diversification and drives impactful reforms in public sector entities, emphasizing improved governance and efficiency.
Actively engaged in collaboration with multiple stakeholders, co-leading knowledge management initiatives, and spearheading impactful projects, Dr. Olusi continues to make significant contributions to the success and resilience of Nigeria’s industrial landscape.
The five thematic areas of focus under his leadership at BOI are SMEs, Digital Transformation, Youth and Skills, Gender, and Climate. Additionally, there will be special focus and strategic initiatives that will be game changers for Nigeria’s private sector.
