President Bola Tinubu has approved the appointment of Mrs. Eyitope Kola-Oyeneyin and Mr. Muhammad Mutallab as the new board Chairpersons of the Nigerian Investment Promotion Commission (NIPC) and the Nigerian Export Processing Zones Authority (NEPZA), respectively.
Key Highlights
- President Bola Tinubu approved the appointment of Mrs. Eyitope Kola-Oyeneyin as Board Chairperson of the Nigerian Investment Promotion Commission (NIPC).
- Mr. Muhammad Mutallab was appointed Board Chairperson of the Nigerian Export Processing Zones Authority (NEPZA).
- The appointments were announced by the Federal Ministry of Industry, Trade and Investment.
- The federal government said the appointments are non-political and aimed at strengthening governance, transparency and accountability.
- The new chairpersons are expected to provide strategic oversight to support investment promotion, industrialisation and Nigeria’s non-oil export agenda.
The appointments, announced by the Federal Ministry of Industry, Trade and Investment on Tuesday, are part of the federal government’s efforts to strengthen governance and improve the performance of key institutions responsible for attracting investments and promoting industrial development.
According to the ministry, the appointments are non-political and reflect the administration’s commitment to leveraging private-sector expertise to enhance transparency, accountability and strategic oversight in critical economic agencies.
In a statement, the ministry said the new board chairpersons are expected to provide strategic direction that will support the agencies’ mandates and advance Nigeria’s industrialisation and non-oil export agenda.
“The appointments underscore the federal government’s commitment to strengthening the governance of strategic institutions that play a critical role in driving Nigeria’s industrialisation, investment promotion and non-oil export agenda,” the ministry stated.
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Mrs. Kola-Oyeneyin is a transformation and strategy expert with more than 25 years of experience advising governments, regulators, investors and financial institutions across Africa.
She is the founder and managing partner of Augmentum Advisory, a consulting firm focused on large-scale transformation through technology, capital mobilisation and execution support.
Before founding the firm, she served as partner and head of the Eastern Europe, Middle East and Africa Payments Practice at McKinsey & Company, where she led major financial sector engagements across several African countries.
Her experience spans Ghana, South Africa, Senegal, Guinea, Uganda, Sierra Leone, The Gambia and the Democratic Republic of Congo.
Kola-Oyeneyin also serves as an independent non-executive director at MTN Nigeria and previously managed international banking operations across six African subsidiaries.
Mr. Muhammad Mutallab brings extensive experience in entrepreneurship, investment and business development across the maritime, oil and gas, logistics, construction, real estate, finance and agricultural technology sectors.
He founded Dattaku Global Investment Limited in 2012 and expanded the company from an initial capital base of $10,000 to assets valued at more than $1 million.
Mutallab also served as managing director of Incar Petroleum Nigeria Plc, where he diversified operations and significantly increased revenue.
At Equatorial Marine Oil & Gas Limited, he played a key role in securing strategic logistics and freight contracts.
In the agritech sector, he established Farm to You Limited, a platform connecting consumers directly with fresh farm produce, and later founded the FTY Innovation Hub to support startups across Northern Nigeria through mentorship, funding and product development.
He currently serves on the boards of several organisations in the banking, logistics, maritime, education, real estate and oil and gas sectors.
The appointments come as the federal government intensifies efforts to attract foreign and domestic investments, expand industrial activities and strengthen Nigeria’s non-oil export sector.
The NIPC is responsible for promoting and facilitating investments into Nigeria, while NEPZA oversees the development and regulation of export processing and special economic zones.
Government officials believe the new leadership will help accelerate ongoing reforms aimed at improving the country’s investment climate, enhancing competitiveness and driving sustainable economic growth.
