*The Central Bank of Nigeria approves the appointment of Babajide Arowosafe, a development finance expert, as the new Managing Director and Chief Executive Officer of the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending Plc

Alexander Davis | 绿帽献妻

The Central Bank of Nigeria (CBN) has approved the appointment of Babajide Arowosafe as the new Managing Director and Chief Executive Officer (CEO) of the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL Plc).

Arowosafe is a development finance expert with experience from the International Finance Corporation (IFC), World Bank, United Nations Development Programme (UNDP), Ekiti State Government, and Southwest Agric Company (SWAgCo).

Jude Anadozie, Head of Corporate Communications, who disclosed this development in a statement, said that a new Board was also inaugurated at the 21st Meeting of the Board of Directors, in Abuja, FCT.

Muhammad Sani Abdullahi, Deputy Governor, Economic Policy Directorate, Central Bank of Nigeria, chairs the new Board.

Abdullahi is also the Group Chairman, Board of Directors of FMDQ Group Plc.

Other appointed members of the Board as Non-Executive Directors are Malam Ado Wanka, Dr. Daphne Dafinone, Mr. Hamidu Sa鈥檃d, Dr. Bankole Allibay, and Hon. Shehu Balarabe.

It is recalled that Dr. 聽Olayemi Cardoso, Governor of CBN, August 31 this year, had sacked the previous Executive Management of NIRSAL.

Nnadozie, while stating the mission of the Board, re-emphasised the need to refocus NIRSAL Plc back to its core mandate of de-risking agricultural lending.