Segun Ogunsanya named chair as Wale Edun inaugurates new NSIA board

Wale Edun, the minister of finance, has inaugurated a new board for the Nigeria Sovereign Investment Authority (NSIA).

According to a post on the ministry of finance’s X account on Thursday, Edun inaugurated the NSIA board at the ministry’s headquarters.

The ministry said the newly appointed board comprises distinguished professionals from various sectors, carefully selected through deliberations and recommendations made by the executive nominations committee.

“The final approval was given by the President, H.E. Bola Ahmed Tinubu, GCFR, following endorsement by the Vice President, H.E. Senator Kashim Shettima, GCON, who serves as the Chairman of the National Economic Council (NEC),” the ministry said.

Segun Ogunsanya, former Airtel Africa chief executive officer (CEO), was named the chairman of the board.

Other board members are Aminu Umar-Sadiq, NSIA managing director and CEO, Fabian Ajogwu, Abdullahi Mahmud Gaya and Ahmed Goniri, Ada Osakwe, Suleyman Ndanusa, Ijeoma Taylaur and Kola Owodunni.

In his inaugural remarks, Ogunsanya affirmed his commitment to fostering a prosperous future for the next generation.

“Our mandate is clear. We are here to enhance the wealth of our nation and ensure that future generations do not face the specter of poverty,” he said.

Ogunsanya also outlined the board’s ambition to significantly increase the fund under its management.

Reflecting on the NSIA’s journey since its establishment 11 years ago, the minister praised the institution’s outstanding progress in achieving its mandate.

Edun described the NSIA as an essential institution for Nigeria’s economic stability and growth.