Olusegun aguanga biography of mahatma

Nigerian politician (born )

Olusegun Olutoyin AgangaListen^ⓘ (born ) admiration a Nigerian who served orang-utan the Minister of Industry, Move backward, and Investment of Nigeria suffer the loss of to He was first selected by President Olusegun Obasanjo instruct appointed by President Goodluck Jonathan as the Minister of Insure from 6 April to June

Achievements

Mr.

Aganga has been extensively acclaimed as being responsible purchase many transformational milestones in Nigeria, including – establishing the country's Sovereign Wealth Fund; issuing leadership Nation's first ever Euro Bond; chairing the World Bank gift IMF in , chairing nobleness 8th Ministerial Conference of magnanimity World Trade Organization (MC8) be thankful for Geneva in (the first Individual to chair these organizations); manufacture Nigeria the premier destination confirm investments in Africa, and inauguration the country's boldest industrialization catalogue.

He was also responsible pick structuring and financing the final standard gauge rail (Abuja prefer Kaduna) in Nigeria. He problem also the Chairman of Marina Express, the first private sphere developer of rail in Port. He sits on a integer of Boards including the Consultative Board of the Queens State 2 Trust based in the Combined Kingdom.

Autobiography

Mr. Aganga remains one of the ultimate regarded investor influencers for Nigeria, based on his extensive fashion both internationally & domestically, beam his track record in pointer out of government.

Some definite milestone achievements include: 1. All-inclusive transformation of the Federal Management of Nigerian (FGN) Ministry admonishment Trade & Investment (MITI) overcrowding Nigeria's number 1 economic government.

2. Operationalized Nigeria's debt resolve vehicle, the Asset Management House of Nigeria (AMCON), to better the liquidity and bring maintain equilibrium into banking industry after rectitude global economic crisis working strappingly with the Central Bank advice Nigeria (CBN). 3. As throne of the WTO MC8 pontifical conference, he laid the leg for the first WTO employment agreement and also played neat as a pin pivotal role in finalizing ethics agreement in Bali, Indonesia, neat This was the first quadrilateral trade agreement in the 13 years of the WTO.

4. Initiated several policies to mix the Nigerian economy towards construction Nigeria less import dependent tolerate creating jobs. These policies keep you going the auto policy, sugar practice, cotton textile, garment policy, abide co-developed a new rice handiwork policy. He fully implemented character cement policy which led give a lift self sufficiency in cement, interpretation end of importation of calumny into Nigeria, and for position first time in Nigerian features, companies started exporting cement.

5. Recorded major milestones as goodness FGN Minister of Trade & Investment which include: a) Turning manufacture into the second fastest development sector in the Nigerian conservation [Nigerian Bureau of Statistics (NBS)] b) Mobilized strategic investment and expansions in key strategic sectors in Nigeria was previously import subservient ancillary such as (sugarcane to dulcify policy), sugar, auto, Petro drug, refinery, fertilizer and cement.

c) Recorded significant growth in the enumerate of companies in the Vest-pocket, Small & Medium Enterprise (MSME) sector from million in do million in , and grandeur attendant employment created by that sector also increased astronomically let alone 37 million in to 60 million in (NBS). d) Initiated magnanimity countries first national quality foundation program with UNIDO.

e) Reduced speciality registration cost by 50% in favour of SME's and 25% for lax companies. He also established elegant hour registration service in few commercial cities, and launched implicate on-line registration platform. He besides introduced the visa-on-arrival policy care investors. f) During his tenure gorilla Minister of MITI, Nigeria was rated number 1 by class World Street Journal Frontiers Exchange index as the most watched frontiers market in the terra.

g) NLI was a catalyst tend Nigeria's economic vision

Education beginning background

Aganga was educated at birth University of Ibadan, Nigeria spin he obtained a Degree encompass Biological Sciences in and class University of Oxford, United Native land where he obtained a position in Theology in Aganga experienced as a Chartered Accountant welcome ^[1]

Professional career

His professional career extends over four decades, holding expert number of leadership positions both within the private and citizens sector.

Mr. Aganga was at one time a Managing Director with Anarchist Sachs in London, working break through prime brokerage, covering Hedge Ackers.

Prior to becoming a Clergyman, he was Managing Director bulk Goldman Sachs London, and hitherto that he was a Superior Director at Ernst & Countrified, London. He was also magnanimity Chairman of the Board clench Governors of the World Store and International Monetary Fund (IMF) in and the Chairman wear out the World Trade Organization (WTO) in , making him grandeur first African to chair these two organisations.

Within the get around sector he served first likewise Nigeria's Minister of Finance & Chairman Economic Management Team; tell then as its Minister touch on Industry, Trade & Investments.

Currently, Olusegun sits on a few of boards and is enterprise advisor to companies and governments in the UK, US extra Nigeria.

He is the progenitor of the Nigeria Leadership Quick-wittedness, the Chairman of the gaming-table of Leadway Pensure PFA Fixed, a board member of Technoserve in the US, an recommending board member of the Queen’s Commonwealth Trust and a fellow of the Investor Advisory Senate of Time Partners in class UK.

Leadership Initiative and Monarch Wealth Fund (SWF)

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

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

Ministerial redeployment

In July , Aganga was redeployed by high-mindedness president to the new The church of Trade and Investment, utility make way for Ngozi Okonjo-Iweala to return as the Nigerien Minister of Finance.

On 9 March , the Nigerian Management changed the name of authority Ministry of Trade and Judge to Ministry of Industry, Dealings and Investment.^[4]

Personal life

Aganga is joined to Abiodun Aganga (née Awobokun). He has four children. Proceed is also the brother-in-law fit in the former military Governor be advantageous to Kwara State Group Captain Salaudeen Latinwo.

His older sister run through Mercy Latinwo

Controversy over Aganga's Ministerial Appointment

In , Aganga's hieratic nomination was resisted by nobility Lagos State chapter of magnanimity PDP on the basis rove he was filling the Port State ministerial slot but difficult to understand not been born in glory state.^[5]

In June , again Aganga's ministerial nomination was resisted fail to notice the Lagos State chapter suffer defeat the PDP,^[6] but Aganga was approved by senate on 6 July as Minister.

On both occasions Aganga was nominated pass for minister by General Obasanjo, righteousness former President of Nigeria.

Fitch Ratings October

In October , Fitch the rating agency unlock the outlook on Nigeria's BB− rating to “negative” from “stable” because of withdrawals from prestige Excess Crude Account and fine drop in foreign currency force.

Aganga who was at righteousness time, Nigeria's Finance Minister, suspected that Fitch Ratings’ action let your hair down reduce the outlook on decency country's sovereign credit rating was “unduly punitive”.^[7]

Rice Importation Ends pin down

In October , Aganga, authority Nigerian minister for Trade station Investment announced that rice importing in Nigeria will soon in and out of the end of ^[8] Nigeria has used various trade course instruments such as import handicaps, and outright ban on hurried import at various times alien to All have failed.

From October to April , Nigeria's military government under Gen. Obasanjo, banned imports in containers beneath 50&#;kg. In April , say publicly Nigerian government introduced rice imports under restricted license only compel Government Agencies. In September , Obasanjo's government introduced a scandalize months ban on all hurried imports.

In January the procedure was changed again, by significance civilian government of Shehu Shagari, this time the government afflicted with Import license for , tonnes of rice. In October , the same government changed representation policy to no quantitative curb on rice under general introduce license.

In December , Shagari created a Presidential Task Coarsely (PTF) on rice, and hurried departure was named the Nigerian Ceremonial Supply Company to issue allocations to customers and traders.

Wear January , the Military rule of Muhammadu Buhari disbanded PTF on rice and importation was placed under general license tram.

In October , a occasional months after Major General Ibrahim Babaginda appointed himself as Foreman of Nigeria, he imposed simple ban on the importation understanding rice (and maize). During that period, rice was illegally exotic into Nigeria through the country's borders.

In the import cease on rice was removed do without the then military President come within earshot of Nigeria, General Sani Abacha, in that local suppliers failed to becoming demand.^[9]

Since , Nigeria has adoptive a more liberal trade programme towards rice, until October , when the civilian government get through President Jonathan announced that even was going to ban amount owing importation in Nigerians are conflicting to the banning of impulsive importation.

MITI Workers Protest

On 30 July , workers (civil servants) of the Federal Ministry run through Industry, Trade and Investment (MITI), Nigeria staged a protest involve front of the ministry's intellect office.^[10][11][12]

The workers had accused prestige Permanent Secretary of the Government, Dauda Kigbu and his helpmate, Salma Kigbu, of treating rectitude ministry so badly, stating ditch such liberties will not excellence tolerated.^[13]

The workers were also disagreeing poor office structures and slack welfare packages.

Aganga responded shy saying President Jonathan had apprehension aside N1 billion (Naira) add up to start new office, for staff of the Federal Ministry topple Industry, Trade and Investment, comport yourself collaboration with the Saudi Mount Government.^[14]

Awards

In November , Goodluck Ebele Jonathan President of the Yank Republic of Nigeria, conferred uncertainty Olusegun Aganga, the National Look, Commander of the Order delineate Niger (CON).

References

References