President Muhammadu Buhari has approved the appointment as the Managing Director (MD)/Chief Executive Officer (CEO) of the Nigeria Sovereign Investment Authority (NSIA). Umar-Sadiq’s appointment follows the expiration of the tenure of his predecessor, Uche Orji, whose tenure expired on 30th September 2022, after serving two five-year terms.
This was made known on Monday in a statement issued by Yunusa Tanko Abdullahi, Special Adviser, Media & Communications to the Minister of Finance, Budget, and National Planning.
President Buhari also appointed Mr. Bisi Makoju and Mrs. Kolawole Owodunni as Executive Directors of NSIA.
According to the statement, “They are all expected to help steer and transform the investment and infrastructure industry and propel the sector to a high pedestal”.
Umar-Sadiq is a former executive director and head of infrastructure at NSIA, prior to his appointment as MD/CEO.
He obtained a Bachelor’s and Master’s degree in Engineering Sciences from the University of Oxford (Saint John’s College), United Kingdom (UK).
He has vast experience in the infrastructure and investment industry and has worked on several projects including the Presidential Fertilizer Initiative, Presidential Infrastructure Development Fund, amongst others.
Umar-Sadiq began his professional career in Mergers and Acquisitions (M&A) with a focus on infrastructure and energy at Morgan Stanley Investment Bank, UK.
