The Chief Executive officer of Bank of Industry (BOI), Mr Olukayode Pitan, has been honoured with the Special African Banking Leadership Commendation Award during the just-concluded 9th edition of the International Forum on African-Caribbean Leadership (IFAL).
Held on the margins of the 78th United Nations General Assembly (UNGA), in New York, the award is in recognition of Mr. Pitan’s contributions to the leadership achievements and contributions to the growth of Nigeria’s industrial sector.
As the Managing Director and Chief Executive Officer of the Bank of Industry, Nigeria’s oldest and largest development finance institution, Mr. Pitan draws from significant experience gained across various financial services sectors, including banking and capital markets, during his over 30-year career in carrying out the mandate of the bank.
Under his leadership, the BoI has transformed Nigeria’s industrial sector by providing affordable long-term financing and counter-cyclical loans diversified across various sectors of the Nigerian economy.
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In the last 5 years, he has pioneered several innovative transactions in the Nigerian capital market and the international financial market towards Nigeria’s economic development.
To date, he has led the Bank of Industry to successfully raise about $5 billion from the international market through syndications and the bond market over the last four years and the bank, under his leadership, has also consistently promoted financial inclusion by supporting the expansion of over 3 million enterprises, which created over 7 million jobs for the Nigerian people.
At the International Forum on African-Caribbean Leadership (IFAL) in New York, Mr. Pitan was honoured alongside the President of Guyana, H.E. Dr. Mohamed Irfaan Ali; the Vice President of The Gambia, H.E. Muhammad B. S. Jallow; and the Minister for Sand the Minister for Sea, Culture, and Tourism, Cabo Verde, Hon. Jose Gonçalves.
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