Buhari Appoints MD, Two EDs For NSIA

President Muhammadu Buhari has appointed Aminu Umar-Sadiq as the managing director and chief executive officer of the Nigeria Sovereign Investment Authority, NSIA.

The president also appointed Kolawole Owodunni and Bisi Makoju as executive directors for the Authority, according to a statement issued by Yunusa Tanko Abdullahi, Special Adviser, Media and Communications to the Minister of Finance, Budget, and National Planning.

Sadiq succeeds Uche Orji whose tenure expired on September, 2022 after serving 10 years in the job.

Aminu Umar-Sadiq has more than 15 years of expertise in the financial services industry, including asset management, mergers and acquisitions, management of public finances, and private equity.

According to his resume, Sadiq holds Bachelor’s and Master’s degrees in Engineering Sciences from the University of Oxford (Saint John’s College), Oxford, United Kingdom. He is currently an executive director and head of infrastructure (UK).

He started his professional career with Morgan Stanley’s mergers and acquisitions department, then moved on to Denham Capital Management, a private equity firm with a natural resources specialist, and finally to Société Générale’s mergers and acquisitions department.

He serves on numerous boards in a non-executive capacity, including on the Fund for Agricultural Finance in Nigeria (FAFIN), NSIA Healthcare Development and Investment Company, and the Multipurpose Industrial Platform Limited (MIPL).

He is an Archbishop Tutu Leadership Fellow (ATLF) and also Mandela Washington Fellow (MWF). Umar-Sadiq commenced his professional career in Mergers and Acquisitions (M&A) focused on Infrastructure and Energy at Morgan Stanley Investment Bank, proceeding to Infrastructure focused private equity at Denham Capital Management, all in the UK.

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.