The Chief Executive of Nigeria’s Bank of Industry (BoI) Mr. Olukayode Pitan has been honoured with the Special African Banking Leadership Commendation Award during the 9th edition of the International Forum on African-Caribbean Leadership (IFAL), which was held at the New York Hilton Midtown, USA.
The event was themed “African-Caribbean Cooperation and Today’s Geopolitics” and the award is in recognition of Mr. Pitan’s contributions to the leadership and 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 spoke from his significant experiences 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 Bank of Industry has significantly transformed Nigeria’s industrial sector by providing affordable long-term financing and counter-cyclical loans diversified across various sectors of the Nigerian economy. In the last five years, he has pioneered several innovative transactions in the Nigerian capital market and the international financial market towards Nigeria’s economic development.
Till 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. Also, he has consistently promoted financial inclusion by supporting the expansion of over 3 million enterprises, which created over 7 million jobs for the Nigerian people.