Asue Ighodalo has bowed out of the Nigerian Economic Summit Group (NESG), a private sector-led think-tank that he chaired for about three years. His tenure officially came to an end on November 14th during the 28th summit of the group themed, ‘2023 and Beyond: Priorities for Shared Prosperity.
In his place, the board of directors of the NESG elected Niyi Yusuf as the chairman of the group. Yusuf who was Ighodalo’s first vice-chairman is the managing partner at Verraki Africa. He was a former country managing director at Accenture and had previously worked at Arthur Anderson and JKK.
Yusuf has reportedly been instrumental in building the infrastructure needed for the Nigerian banking sector, including the platforms for Interswitch, CRC Credit Bureau, and Shared Services. He will be supported to run the organisation by the Board’s 1st Vice Chairman, Osagie Okunbor, the Chairman of Shell companies in Nigeria; Boye Olusanya, GMD/CEO Flour Mills of Nigeria as 2nd Vice Chairman and Amina Maina, Group COO MRS as 3rd Vice Chairman.
Ighodalo believes that Yusuf has what it takes to advance Nigeria’s economic reforms under the leadership of NESG.
During his time as chairman, Ighodalo provided continuity to the strategic growth and development of the NESG. His engagement with the NESG, which spans almost 20 years, saw him being active in the policy commissions and also led the central organising committee to deliver NES 10.
An older brother to popular cleric and socialite, Pastor Ituah Ighodalo, the head pastor of Trinity House Church, Ighodalo is a legal practitioner and the founding partner of the law firm of Banwo-and Ighodalo, a corporate and commercial law practice in Nigeria specialising in advising major corporations on corporate finance, capital markets, energy and natural resources, mergers and acquisitions, banking and securitisation and project finance.
He is also the Chairman of Sterling Bank, a director in Nigerian Sovereign Investment Authority and a member of the board of Dangote Group. The 63-year-old is married to Ifeyinwa, CEO, DO.II Designs and Chairman, Board of Trustees Women in Business (WIMBIZ).