President Bola Ahmed Tinubu has approved the appointment of Eyitope Kola-Oyeneyin as the new Chairperson of the Governing Board of the Nigerian Investment Promotion Commission (NIPC) and Muhammad Hadi Mutallab as the Chairman of the Governing Board of the Nigerian Export Processing Zones Authority (NEPZA).
The appointments were announced by the Federal Ministry of Industry, Trade and Investment as part of the Federal Government’s ongoing efforts to strengthen governance, improve institutional oversight, and accelerate Nigeria’s investment and industrial development agenda. The appointments are described as merit-based and non-political, reflecting the administration’s focus on competence and professional experience.
According to the ministry, both agencies play strategic roles in attracting domestic and foreign investments, promoting industrialisation, expanding non-oil exports, and creating employment opportunities across Nigeria.
Eyitope Kola-Oyeneyin is a respected business executive and strategy expert with extensive experience in finance, public policy, and economic transformation. She is expected to provide strategic leadership to the NIPC board as the commission intensifies efforts to attract sustainable investments into key sectors of the Nigerian economy.
Muhammad Hadi Mutallab, an entrepreneur and business leader, will oversee the NEPZA governing board. His appointment is expected to support the authority’s drive to strengthen Nigeria’s free trade zones, attract investors, boost manufacturing, and enhance the country’s export competitiveness.
The Federal Government noted that the appointments are aimed at reinforcing institutional governance while supporting the Renewed Hope Agenda through improved investment promotion, industrial growth, and economic diversification.
Stakeholders expect the new board chairpersons to work closely with the management of both agencies to unlock new investment opportunities and improve Nigeria’s business environment.
