- Tinubu Strengthens Investment Agencies With New Board Appointments
- Kola-Oyeneyin, Mutallab to Lead NIPC, NEPZA Boards
- FMITI described the appointments as non-political and said they are intended to improve the effectiveness of institutions
President Bola Ahmed Tinubu has approved the appointment of Eyitope Kola-Oyeneyin and Muhammad Hadi Mutallab as board chairpersons of the Nigerian Investment Promotion Commission (NIPC) and the Nigerian Export Processing Zones Authority (NEPZA), respectively.
Eko Hot Blog reports that the appointments were announced by the Federal Ministry of Industry, Trade and Investment (FMITI) in a statement shared through the Presidency’s X account on Monday.
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According to the ministry, the appointments form part of the Tinubu administration’s efforts to strengthen institutional governance by placing experienced professionals at the helm of key agencies driving investment and industrial development.
FMITI described the appointments as non-political and said they are intended to improve the effectiveness of institutions responsible for promoting investment, industrialisation and Nigeria’s non-oil export sector.
“The Federal Ministry of Industry, Trade and Investment (FMITI) is pleased to announce that His Excellency, President Bola Ahmed Tinubu, GCFR, has approved the appointment of the board chairpersons for the Nigerian Investment Promotion Commission (NIPC) and the Nigerian Export Processing Zones Authority (NEPZA),” the statement said.
The ministry noted that the newly constituted boards would provide strategic direction, strengthen institutional oversight, enhance accountability and support the effective implementation of the statutory mandates of both agencies.
It explained that the NEPZA Governing Board would play a critical role in advancing the authority’s responsibility for developing and promoting Nigeria’s export processing and special economic zones.
According to the ministry, the appointments reflect the Federal Government’s commitment to strengthening the governance of strategic institutions that are central to attracting investments, promoting industrial growth and expanding the country’s non-oil exports.
FMITI added that it looks forward to working closely with the new board chairpersons to deepen ongoing reforms, improve institutional performance, attract more local and foreign investments and accelerate inclusive economic growth in line with President Tinubu’s Renewed Hope Agenda.
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