President Bola Ahmed Tinubu has approved the appointment of Mrs Eyitope Kola-Oyeneyin as the Board Chairperson of the Nigerian Investment Promotion Commission (NIPC). The appointment, announced by the Federal Ministry of Industry, Trade and Investment (FMITI), is part of the Federal Government’s efforts to strengthen governance and reposition strategic institutions……
President Bola Ahmed Tinubu has approved the appointment of Mrs Eyitope Kola-Oyeneyin as the Board Chairperson of the Nigerian Investment Promotion Commission (NIPC).
The appointment, announced by the Federal Ministry of Industry, Trade and Investment (FMITI), is part of the Federal Government’s efforts to strengthen governance and reposition strategic institutions driving investment, industrialisation and economic growth.
Here are things to know about the newly appointed NIPC Board Chairperson:
1. She is a transformation executive with over 25 years’ experience
Kola-Oyeneyin is an experienced transformation executive with more than two decades of global experience supporting financial institutions, regulators and investors in developing growth strategies, designing policies and executing large-scale transformation programmes.
2. She has worked across several African countries
Her advisory and operational experience spans multiple African markets, including Ghana, Senegal, Guinea, South Africa, the Democratic Republic of Congo (DRC), Uganda, The Gambia and Sierra Leone.
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3. Founder of Augmentum Advisory
She is the Founder and Managing Partner of Augmentum Advisory, an organisation focused on supporting complex, multi-stakeholder transformations through technology, capital mobilisation and execution.
4. She has experience in financial services innovation
Kola-Oyeneyin has been an advocate for the use of digital solutions to accelerate economic development in Africa, particularly through financial services innovation.
She has led projects involving regulators, investors, private sector organisations, start-ups and non-governmental organisations on leveraging technology for economic growth.
Her work in the area has been featured in international business publications, including The Financial Times, The Economist and McKinsey.com.
5. She serves on MTN Nigeria’s board
The newly appointed NIPC Board Chairperson is currently an Independent Non-Executive Director on the board of MTN Nigeria, one of the country’s largest telecommunications companies.
6. Former Group Head of International Banking
Kola-Oyeneyin previously served as Group Head of International Banking, where she led operations across six subsidiaries in the Democratic Republic of Congo, The Gambia, Ghana, Guinea, Senegal and Sierra Leone, as well as representative offices in Abu Dhabi, China and South Africa.
During her tenure, she was responsible for driving profitability, managing operational and reputational risks, and supporting business sustainability.
7. Educational background
She holds a Master of Science degree in Management Science and Engineering, with a concentration in Strategy and Technology, from Stanford University, United States.
She also earned a Bachelor of Science degree in Industrial Engineering, graduating Magna Cum Laude from the University of Central Florida.
8. Recipient of National Science Foundation Graduate Fellowship
Kola-Oyeneyin was awarded the prestigious National Science Foundation (NSF) Graduate Fellowship, a fully funded fellowship programme awarded to outstanding graduate students in the United States.
9. Former McKinsey partner
She was a Partner and Head of the Emerging Markets and Africa (EEMA) Payments practice at McKinsey & Company between 2017 and 2023, where she led financial services engagements for public and private sector clients.
Her appointment to lead the NIPC board is expected to support efforts to deepen investment promotion, improve institutional performance and attract more investments into Nigeria.
