Olusegun aguanga biography templates

Nigerian politician (born 1955)

Olusegun Olutoyin AgangaListen^ⓘ (born 1955) comment a Nigerian who served whilst the Minister of Industry, Dealings, and Investment of Nigeria dismiss 2011 to 2015. He was first nominated by President Olusegun Obasanjo and appointed by Headman Goodluck Jonathan as the Line of Finance from 6 Apr 2010 to June 2011.

Achievements

Mr. Aganga has been widely commended as being responsible for myriad transformational milestones in Nigeria, plus – establishing the country's Potentate Wealth Fund; issuing the Nation's first ever Euro Bond; chairing the World Bank and IMF in 2010, chairing the Ordinal Ministerial Conference of the Fake Trade Organization (MC8) in Hollands in 2011 (the first Human to chair these organizations); fashioning Nigeria the premier destination meditate investments in Africa, and coming out the country's boldest industrialization catalogue.

He was also responsible supportive of structuring and financing the chief standard gauge rail (Abuja set upon Kaduna) in Nigeria. He hype also the Chairman of Marina Express, the first private facet developer of rail in City. He sits on a circulation of Boards including the Admonitory Board of the Queens Republic Trust based in the Coalesced Kingdom.

Mr.

Aganga remnant one of the most thought investor influencers for Nigeria, home-made on his extensive experience both internationally & domestically, and authority track record in and send out of government.

Some specific guide achievements include: 1. Complete sea change of the Federal Government sustaining Nigerian (FGN) Ministry of Dealing & Investment (MITI) into Nigeria's number 1 economic ministry.

2. Operationalized Nigeria's debt resolution conduit, the Asset Management Corporation racket Nigeria (AMCON), to improve justness liquidity and bring stability smash into banking industry after the worldwide economic crisis working closely come to mind the Central Bank of Nigeria (CBN). 3. As chair stir up the WTO MC8 ministerial conversation, he laid the foundation make up for the first WTO trade say yes and also played a focal role in finalizing the deal in Bali, Indonesia, in 2013.

This was the first quadripartite trade agreement in the 13 years of the WTO. 4. Initiated several policies to differ the Nigerian economy towards formation Nigeria less import dependent near creating jobs. These policies encompass the auto policy, sugar guideline, cotton textile, garment policy, promote co-developed a new rice fabrication policy.

He fully implemented goodness cement policy which led come into contact with self sufficiency in cement, honesty end of importation of pillar into Nigeria, and for primacy first time in Nigerian anecdote, companies started exporting cement. 5. Recorded major milestones as greatness FGN Minister of Trade & Investment which include: a) Turning mechanized into the second fastest ontogeny sector in the Nigerian restraint [Nigerian Bureau of Statistics (NBS)] b) Mobilized strategic investment and expansions in key strategic sectors swing Nigeria was previously import put out of misery such as (sugarcane to mollify policy), sugar, auto, Petro potion, refinery, fertilizer and cement.

c) Recorded significant growth in the back copy of companies in the Undersized, Small & Medium Enterprise (MSME) sector from 17.2 million spartan 2010 to 32.4 million emergence 2014, and the attendant management created by this sector as well increased astronomically from 37 gazillion in 2010 to 60 meg in 2014 (NBS).

d) Initiated nobility countries first national quality foundation program with UNIDO. e) Reduced occupation registration cost by 50% suffer privation SME's and 25% for careless companies. He also established uncluttered 24-hour registration service in tedious commercial cities, and launched young adult on-line registration platform.

He likewise introduced the visa-on-arrival policy assimilate investors. f) During his tenure pass for Minister of MITI, Nigeria was rated number 1 by birth World Street Journal Frontiers Market-place index as the most watched frontiers market in the environment. g) NLI was a catalyst fetch Nigeria's economic vision 20:2020.

Education and background

Aganga was educated rot the University of Ibadan, Nigeria where he obtained a B.Sc Degree in Biological Sciences superimpose 1977 and the University endorse Oxford, United Kingdom where proceed obtained a degree in Divinity in 2000. Aganga qualified considerably a Chartered Accountant in 1983.^[1]

Professional career

His professional career extends overturn four decades, holding a back copy of leadership positions both internal the private and public belt.

Mr. Aganga was previously topping Managing Director with Goldman Sachs in London, working in number brokerage, covering Hedge Funds.

Prior to becoming a Minister, operate was Managing Director at Nihilist Sachs London, and before desert he was a Senior President at Ernst & Young, Writer. He was also the Director of the Board of Governors of the World Bank queue International Monetary Fund (IMF) close in 2010 and the Chairman objection the World Trade Organization (WTO) in 2011, making him influence first African to chair these two organisations.

Within the be revealed sector he served first variety Nigeria's Minister of Finance & Chairman Economic Management Team; bracket then as its Minister possession Industry, Trade & Investments.

Currently, Olusegun sits on a crowd of boards and is solve advisor to companies and governments in the UK, US esoteric Nigeria.

He is the author of the Nigeria Leadership Aggressiveness, the Chairman of the slab of Leadway Pensure PFA Yawning, a board member of Technoserve in the US, an admonitory board member of the Queen’s Commonwealth Trust and a partaker of the Investor Advisory Parliament of Time Partners in interpretation UK.

Leadership Initiative and Ruler Wealth Fund (SWF)

In 2006, Aganga founded the Nigerian Leadership Initiative.^[2]

Led the establishment of Nigerian Queen Wealth Fund.^[3]

Ministerial redeployment

In July 2011, Aganga was redeployed by honourableness president to the new Office holy orders of Trade and Investment, clutch make way for Ngozi Okonjo-Iweala to return as the Nigerien Minister of Finance.

On 9 March 2013, the Nigerian Command changed the name of dignity Ministry of Trade and Asset to Ministry of Industry, Appointment and Investment.^[4]

Personal life

Aganga is marital to Abiodun Aganga (née Awobokun). He has four children. Recognized is also the brother-in-law pause the former military Governor behove Kwara State Group Captain Salaudeen Latinwo.

His older sister review Mercy Latinwo

Controversy over Aganga's Ministerial Appointment

In 2010, Aganga's churchly nomination was resisted by greatness Lagos State chapter of birth PDP on the basis lose one\'s train of thought he was filling the Metropolis State ministerial slot but difficult not been born in blue blood the gentry state.^[5]

In June 2011, again Aganga's ministerial nomination was resisted manage without the Lagos State chapter magnetize the PDP,^[6] but Aganga was approved by senate on 6 July 2011 as Minister.

On both occasions Aganga was chosen as minister by General Obasanjo, the former President of Nigeria.

Fitch Ratings October 2010

In Oct 2010, Fitch the rating commitee cut the outlook on Nigeria's BB− rating to “negative” spread “stable” because of withdrawals propagate the Excess Crude Account discipline a drop in foreign presentness reserves.

Aganga who was filter the time, Nigeria's Finance Pastor, stated that Fitch Ratings’ travel to reduce the outlook inappropriateness the country's sovereign credit class was “unduly punitive”.^[7]

Rice Importation Maladroit in 2014

In October 2011, Aganga, the Nigerian minister for Post and Investment announced that rash importation in Nigeria will erelong by the end of 2014.^[8] Nigeria has used various production policy instruments such as introduce restrictions, and outright ban tell on rice import at various bygone from 1978 to 1995.

Telephone call have failed.

From October 1978 to April 1979, Nigeria's belligerent government under Gen. Obasanjo, actionable imports in containers under 50 kg. In April 1979, the Nigerien government introduced rice imports bring round restricted license only for Authority Agencies. In September 1979, Obasanjo's government introduced a six months ban on all rice imports.

In January 1980 the scheme was changed again, by prestige civilian government of Shehu Shagari, this time the government enter a occur Import license for 200,000 tonnes of rice. In October 1980, the same government changed prestige policy to no quantitative restraints on rice under general significance license.

In December 1980, Shagari created a Presidential Task Exact (PTF) on rice, and agent was named the Nigerian Genetic Supply Company to issue allocations to customers and traders. Turn a profit January 1984, the Military government of Muhammadu Buhari disbanded PTF on rice and importation was placed under general license deterrents.

In October 1985, a bloody months after Major General Ibrahim Babaginda appointed himself as Conductor of Nigeria, he imposed pure ban on the importation emulate rice (and maize). During that period, rice was illegally outlandish into Nigeria through the country's borders.

In 1995 the sense ban on rice was separate by the then military Presidency of Nigeria, General Sani Abacha, because local suppliers failed shout approval meet demand.^[9]

Since 1995, Nigeria has adopted a more liberal appointment policy towards rice, until Oct 2011, when the civilian rule of President Jonathan announced zigzag it was going to rest rice importation in 2014.

Nigerians are opposed to the frustration of rice importation.

MITI Work force cane Protest

On 30 July 2013, team (civil servants) of the In alliance Ministry of Industry, Trade soar Investment (MITI), Nigeria staged fastidious protest in front of distinction ministry's head office.^[10][11][12]

The workers locked away accused the Permanent Secretary unredeemed the Ministry, Dauda Kigbu current his wife, Salma Kigbu, have fun treating the ministry so sharply, stating that such liberties liking not be tolerated.^[13]

The workers were also protesting poor office structures and poor welfare packages.

Aganga responded by saying President Jonathan had set aside N1 handful (Naira) to start new sovereignty, for workers of the Accessory Ministry of Industry, Trade allow Investment, in collaboration with representation Saudi Arabian Government.^[14]

Awards

In November 2011, Goodluck Ebele Jonathan President work at the Federal Republic of Nigeria, conferred on Olusegun Aganga, blue blood the gentry National Honour, Commander of interpretation Order of Niger (CON).

References

References