Buhari Appoints Aminu Umar M.D, NSIA

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

Kolawole Owodunni and Bisi Makoju were also appointed 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 made available 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, former executive director and head of infrastructure at NSIA, 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 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.