September 11, (THEWILL) – The Central Bank of Nigeria 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).
NIRSAL, in a statement by its Head, Corporate Communications, Jude Anadozie, said a new board was also inaugurated at the 21st Meeting of the Board of Directors in Abuja.
The new board is chaired by Muhammad Sani Abdullahi, Deputy Governor, Economic Policy Directorate, Central Bank of Nigeria. Abdullahi is also the Group Chairman, Board of FMDQ Group PLC.
Other members of the board appointed as Non-Executive Directors are: Mallam Ado Wanka, Dr. Daphne Dafinone, Mr. Hamidu Sa’ad, Dr. Bankole Allibay, and Hon. Shehu Balarabe.
THEWILL had reported that CBN Governor, Olayemi Cardoso, on August 31, sacked all the 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.
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