In a significant move for Nigeria’s Sovereign Investment Authority (NSIA), Finance Minister Wale Edun has inaugurated the new board of the NSIA, naming Segun Ogunsanya, the former CEO of Airtel Nigeria, as the board’s chairman.
The inauguration, held at the Ministry of Finance in Abuja, marks a pivotal moment for the NSIA as it embarks on a new phase under fresh leadership.
Edun praised the board’s new composition, highlighting Ogunsanya’s extensive experience in both the corporate and telecommunications sectors as a key asset for the NSIA’s strategic direction.
“Segun Ogunsanya’s proven leadership and extensive expertise in the corporate world will be invaluable as we navigate the challenges and opportunities ahead,” Edun said. “His appointment reflects our commitment to driving effective and impactful investment strategies for Nigeria.”
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Ogunsanya, who led Airtel Nigeria through a period of substantial growth and transformation, brings a wealth of experience to his new role. His tenure at Airtel was marked by significant advancements in digital services and market expansion, making him a well-regarded figure in the Nigerian business community.
In his acceptance speech, Ogunsanya expressed his gratitude and outlined his vision for the NSIA. “It is an honor to lead this esteemed board,” Ogunsanya stated. “Our goal will be to enhance the NSIA’s role in fostering sustainable economic growth and managing Nigeria’s investment assets with utmost diligence.”
The newly appointed board members will focus on advancing the NSIA’s objectives, which include managing and investing Nigeria’s sovereign wealth funds in key sectors such as infrastructure, agriculture, and healthcare. The board’s strategic approach aims to maximize returns on investment while supporting national development goals.
The inauguration of the new board is part of ongoing efforts to strengthen the governance and operational efficiency of the NSIA, ensuring that it effectively contributes to the economic prosperity of Nigeria