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Buhari appoints 2 executive directors to NSIA board

President Muhammadu Buhari has approved the appointment of Mrs Stella Ojekwe-Onyejeli and Mr Aminu Umar-Sadiq as Executive Directors on the Nigeria Sovereign Investment Authority (NSIA) board.

The NSIA spokesman, Mr Titilope Olubiyi made the announcement in a statement on Wednesday in Abuja.

Olubiyi said that Ojekwe-Onyejeli was reappointed as Executive Director for a second term, while Umar-Sadiq, who was a former Deputy Head of Direct Investment at NSIA, was appointed for the first time.

He said the appointments would strengthen the Authority’s executive team and was consistent with its focus of remaining a key participant in Nigeria’s economic transformation.

He also said the appointments were in line with the realignment of the Authority’s strategy to improve domestic infrastructure investments.

He said that the investments were in core domestic infrastructure sectors such as: motorways, agriculture, healthcare, power, and education.

“Recent NSIA initiatives reflect this increased focus on domestic infrastructure include the Presidential Infrastructure Development Fund (PIDF) which will fast-track the completion of five infrastructure projects of national priority.

“The projects are the Abuja-Kano Roadway, Second Niger Bridge, East-West Roadway, Lagos-Ibadan Expressway, and Mambilla Hydroelectric Power Plant.

“NSIA is also galvanising investments in tertiary healthcare.

“The Authority invested in the development of the LUTH Cancer Treatment Centre and is developing advanced diagnostic centres in AKTH, Kano and FMC, Umuahia,” he said.

Olubiyi reiterated the Authority’s commitment to the development of strategic infrastructure initiatives in Nigeria and stabilisation support during economic stress.

Also, Chairman, NSIA Board of Directors, Mr Jide Zeitlin, said “both appointees are committed professionals who along with other talented colleagues, have been instrumental in NSIA’s development.

“These appointments will strengthen the Authority’s executive team and are consistent with our focus on maintaining a broadly representative leadership team and workforce,” he said.

Ojekwe-Onyejeli was first appointed an Executive Director in October 2012 and served as the Chief Risk Officer of the NSIA until 2017 when her role was expanded to that of Chief Operating Officer.

She joined the Authority from Barclays where she was Director and Head of Operational Risk and Control at the Bank, overseeing 15 countries across Africa, Middle East and Asia.

Ojekwe-Onyejeli, a Chemistry gradute from the University of Lagos, also had Masters in Business Administration (MBA) from Cranfield School of Management in the UK.

Umar-Sadiq has significant experience in investment banking, private equity and public finance, including his most recent role at the NSIA where he served as a Senior Vice-President and Deputy Head, Infrastructure.

He is a Bauchi-State academic scholar and holds Bachelor and Master degrees in Engineering Sciences from the University of Oxford.

Dele Fashomi
Dele Fashomi, seasoned journalist and communication teacher, is a holder of Master of Arts degree in Communication and Language Arts from the University of Ibadan in 1992/93. Earlier, he had bagged a Bachelor degree from the same university in 1984, after which he proceeded to the Nigerian Institute of Journalism, Lagos, in 1990, for a postgraduate diploma in Journalism. He had done many courses in communication, including the EU-BBC Editing Course in 2002. Mr. Fashomi combines effectively the practice, research and teaching of communication. And to date, he has published two academic works in communication: Issues in Communication Technology and Policy (2010) and Economic and Social Issues in Advertising and PR (2013). He had his first break in the Nigerian media in Concord Newspapers in 1990 and today, he has over two and half decades experience earned in several newspapers. He has been part of many start-ups, such as The Republic (1987), The Comet (1999), The Anchor 2001 - 2002; Sun Newspapers (2003); Westerner newsmagazine (2005 - 2010) as Editor; National Life (2011) as Sunday Editor, and Newswatch Newspapers (2012- 2016) as Daily Editor. Dele Fashomi is now the Publisher/Editor-in-Chief of newspaper online, which he started in July 2015. He is also into biography writing, with many books in his trail, some of which he wrote alone and one he co- authored with his mentor, Mr Dare Babarinsa, entitled:  Olabiyi Durojaiye - DARE TO BE DiFFERENT. He also guided and collaborated with Pa Olatunji Odusanya in writing his autobiography - AGAINST ALL ODDS. There are many other books in the works under his pen.