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Olusegun Olutoyin Aganga

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271:(AMCON), to improve the liquidity and bring stability into banking industry after the global economic crisis working closely with the Central Bank of Nigeria (CBN). 3. As chair of the WTO MC8 ministerial conference, he laid the foundation for the first WTO trade agreement and also played a pivotal role in finalizing the agreement in Bali, Indonesia, in 2013. This was the first multilateral trade agreement in the 13 years of the WTO. 4. Initiated several policies to diversify the Nigerian economy towards making Nigeria less import dependent and creating jobs. These policies include the auto policy, sugar policy, cotton textile, garment policy, and co-developed a new rice production policy. He fully implemented the cement policy which led to self sufficiency in cement, the end of importation of cement into Nigeria, and for the first time in Nigerian history, companies started exporting cement. 5. Recorded major milestones as the FGN Minister of Trade & Investment which include: a) Turning manufacturing into the second fastest growing sector in the Nigerian economy b) Mobilized strategic investment and expansions in key strategic sectors where Nigeria was previously import dependent such as (sugarcane to sugar policy), sugar, auto, Petro chemical, refinery, fertilizer and cement. c) Recorded significant growth in the number of companies in the Micro, Small & Medium Enterprise (MSME) sector from 17.2 million in 2010 to 32.4 million in 2014, and the attendant employment created by this sector also increased astronomically from 37 million in 2010 to 60 million in 2014 (NBS). d) Initiated the countries first national quality infrastructure program with UNIDO. e) Reduced business registration cost by 50% for SME's and 25% for large companies. He also established a 24-hour registration service in some commercial cities, and launched an on-line registration platform. He also introduced the visa-on-arrival policy for investors. f) During his tenure as Minister of MITI, Nigeria was rated number 1 by the World Street Journal Frontiers Market index as the most watched frontiers market in the world. g) NLI was a catalyst for Nigeria's economic vision 20:2020. 108: 36: 370:
From October 1978 to April 1979, Nigeria's military government under Gen. Obasanjo, banned imports in containers under 50 kg. In April 1979, the Nigerian government introduced rice imports under restricted license only for Government Agencies. In September 1979, Obasanjo's government introduced
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Prior to becoming a Minister, he was Managing Director at Goldman Sachs London, and before that he was a Senior Director at Ernst & Young, London. He was also the Chairman of the Board of Governors of the World Bank and International Monetary Fund (IMF) in 2010 and the Chairman of the World Trade
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He was also responsible for structuring and financing the first standard gauge rail (Abuja to Kaduna) in Nigeria. He is also the Chairman of Marina Express, the first private sector developer of rail in Lagos. He sits on a number of Boards including the Advisory Board of the Queens Commonwealth Trust
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In October 2011, Aganga, the Nigerian minister for Trade and Investment announced that rice importation in Nigeria will soon by the end of 2014. Nigeria has used various trade policy instruments such as import restrictions, and outright ban on rice import at various times from 1978 to 1995. All have
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Currently, Olusegun sits on a number of boards and is an advisor to companies and governments in the UK, US and Nigeria. He is the founder of the Nigeria Leadership Initiative, the Chairman of the board of Leadway Pensure PFA Limited, a board member of Technoserve in the US, an advisory board member
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Some specific milestone achievements include: 1. Complete transformation of the Federal Government of Nigerian (FGN) Ministry of Trade & Investment (MITI) into Nigeria's number 1 economic ministry. 2. Operationalized Nigeria's debt resolution vehicle, the Asset Management Corporation of Nigeria
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Mr. Aganga has been widely acclaimed as being responsible for many transformational milestones in Nigeria, including – establishing the country's Sovereign Wealth Fund; issuing the Nation's first ever Euro Bond; chairing the World Bank and IMF in 2010, chairing the 8th Ministerial Conference of the
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In December 1980, Shagari created a Presidential Task Force (PTF) on rice, and it was named the Nigerian National Supply Company to issue allocations to customers and traders. In January 1984, the Military regime of Muhammadu Buhari disbanded PTF on rice and importation was placed under general
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In October 2010, Fitch the rating agency cut the outlook on Nigeria's BB− rating to “negative” from “stable” because of withdrawals from the Excess Crude Account and a drop in foreign currency reserves. Aganga who was at the time, Nigeria's Finance Minister, stated that Fitch Ratings’ action to
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The workers were also protesting poor office structures and poor welfare packages. Aganga responded by saying President Jonathan had set aside N1 billion (Naira) to start new office, for workers of the Federal Ministry of Industry, Trade and Investment, in collaboration with the Saudi Arabian
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In January 1980 the policy was changed again, by the civilian government of Shehu Shagari, this time the government issued Import license for 200,000 tonnes of rice. In October 1980, the same government changed the policy to no quantitative restrictions on rice under general import license.
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Since 1995, Nigeria has adopted a more liberal trade policy towards rice, until October 2011, when the civilian government of President Jonathan announced that it was going to ban rice importation in 2014. Nigerians are opposed to the banning of rice importation.
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Aganga was educated at the University of Ibadan, Nigeria where he obtained a B.Sc Degree in Biological Sciences in 1977 and the University of Oxford, United Kingdom where he obtained a degree in Theology in 2000. Aganga qualified as a Chartered Accountant in 1983.
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His professional career extends over four decades, holding a number of leadership positions both within the private and public sector. Mr. Aganga was previously a Managing Director with Goldman Sachs in London, working in prime brokerage, covering Hedge Funds.
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In October 1985, a few months after Major General Ibrahim Babaginda appointed himself as President of Nigeria, he imposed a ban on the importation of rice (and maize). During this period, rice was illegally imported into Nigeria through the country's borders.
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Mr. Aganga remains one of the most regarded investor influencers for Nigeria, based on his extensive experience both internationally & domestically, and his track record in and out of government.
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In 2010, Aganga's ministerial nomination was resisted by the Lagos State chapter of the PDP on the basis that he was filling the Lagos State ministerial slot but had not been born in the state.
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to return as the Nigerian Minister of Finance. On 9 March 2013, the Nigerian Government changed the name of the Ministry of Trade and Investment to Ministry of Industry, Trade and Investment.
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The workers had accused the Permanent Secretary of the Ministry, Dauda Kigbu and his wife, Salma Kigbu, of treating the ministry so badly, stating that such liberties will not be tolerated.
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Within the public sector he served first as Nigeria's Minister of Finance & Chairman Economic Management Team; and then as its Minister of Industry, Trade & Investments.
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On 30 July 2013, workers (civil servants) of the Federal Ministry of Industry, Trade and Investment (MITI), Nigeria staged a protest in front of the ministry's head office.
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In June 2011, again Aganga's ministerial nomination was resisted by the Lagos State chapter of the PDP, but Aganga was approved by senate on 6 July 2011 as Minister.
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Aganga is married to Abiodun Aganga (née Awobokun). He has four children. He is also the brother-in-law to the former military Governor of Kwara State Group Captain
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The Cabinet of President Goodluck Jonathan which was formed during his time as Acting President, on 6 April 2010, is shown below. Ministers of State are not shown.
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President of the Federal Republic of Nigeria, conferred on Olusegun Aganga, the National Honour, Commander of the Order of Niger (CON).
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who served as the Minister of Industry, Trade, and Investment of Nigeria from 2011 to 2015. He was first nominated by President
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In July 2011, Aganga was redeployed by the president to the new Ministry of Trade and Investment, to make way for
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of the Queen’s Commonwealth Trust and a member of the Investor Advisory Council of Time Partners in the UK.
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On both occasions Aganga was nominated as minister by General Obasanjo, the former President of Nigeria.
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In 1995 the import ban on rice was removed by the then military President of Nigeria, General
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Organization (WTO) in 2011, making him the first African to chair these two organisations.
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reduce the outlook on the country's sovereign credit rating was “unduly punitive”.
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Ifedayo Adebayo, Chinelo Onwualu and Terfa Tilley-Gyado (March 25, 2010).
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In 2006, Aganga founded the Nigerian Leadership Initiative.
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as the Minister of Finance from 6 April 2010 to June 2011.
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Led the establishment of Nigerian Sovereign Wealth Fund.
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Leadership Initiative and Sovereign Wealth Fund (SWF)
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His older sister is Mercy Latinwo 1441:Cabinet of President Umaru Yar'Adua 132:11 July 2011 â€“ 29 May 2015 1485:Alumni of the University of Oxford 537:"Lagos PDP rejects nominee Aganga" 25: 575:"Fitch Ratings Punitive - Aganga" 162:6 April 2010 â€“ June 2011 1117:Information & Communications 34: 27:Nigerian politician (born 1955) 535:Miriam Ndikanwu (2010-03-26). 1: 1205:Mines & Steel Development 1187:Lands & Urban Development 1177:Chukwuemeka Ngozichineke Wogu 362:Rice Importation Ends in 2014 264:based in the United Kingdom. 1475:Finance ministers of Nigeria 1470:Federal ministers of Nigeria 1223:National Planning Commission 1074:6 April 2010 - 11 July 2011 736:Finance Ministers of Nigeria 684:"Union wants Aganga removed" 1480:University of Ibadan alumni 243:and appointed by President 203:1955 (age 68–69) 1511: 1241:National Sports Commission 984:Abubakar Sadiq A. Mohammed 353:Fitch Ratings October 2010 1437: 1170:Labour & Productivity 915: 742: 215: 190: 155: 125: 114: 105: 1331:Science & Technology 1072:Olusegun Olutoyin Aganga 847:Olusegun Olutoyin Aganga 315:Ministerial redeployment 275:Education and background 258:World Trade Organization 222:Olusegun Olutoyin Aganga 100:Olusegun Olutoyin Aganga 1410:Mohammed Sanusi Daggash 1357:Omoniyi Caleb Olubolade 959:Commerce & Industry 419:Goodluck Ebele Jonathan 1285:Diezani Alison-Madueke 1093:Henry Odein Ajumogobia 379:license restrictions. 1267:Peter Godsday Orubebe 1020:Ruqayyah Ahmed Rufa'i 977:Culture & Tourism 931:Sheikh Ahmed Abdullah 66:neutral point of view 1428:Akinlabi Olasunkanmi 1339:Muhammed K. Abubakar 1160:Mohammed Bello Adoke 398:MITI Workers Protest 1277:Petroleum Resources 1259:Niger Delta Affairs 1143:Emmanuel Iheanacho 1076:Ngozi Okonjo-Iweala 967:Jubril Martins-Kuye 852:Ngozi Okonjo-Iweala 827:Ngozi Okonjo-Iweala 762:Asumoh Ete Ekukinam 321:Ngozi Okonjo-Iweala 284:Professional career 185:Ngozi Okonjo-Iweala 150:Minister of Finance 58:promotional content 1490:Yoruba politicians 1359:(Rtd) 6 April 2010 1213:Musa Mohammed Sada 1162:, SAN 6 April 2010 1095:, SAN 6 April 2010 1004:, SAN 6 April 2010 747:Festus Okotie-Eboh 417:In November 2011, 143:Okechukwu Enelamah 60:and inappropriate 1447: 1446: 1420:Youth Development 1321:Goodluck Jonathan 1319:Acting President 1231:Shamsuddeen Usman 1002:Adetokunbo Kayode 875: 874: 837:Shamsuddeen Usman 498:"Olusegun Aganga" 333:Salaudeen Latinwo 245:Goodluck Jonathan 241:Olusegun Obasanjo 235:(born 1955) is a 219: 218: 94: 93: 86: 16:(Redirected from 1502: 1392:Josephine Anenih 902: 895: 888: 879: 729: 722: 715: 706: 699: 698: 696: 695: 686:. 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Index

Olusegun Aganga
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Minister of Industry, Trade and Investment
Okechukwu Enelamah
Minister of Finance
Mansur Mukhtar
Ngozi Okonjo-Iweala
Lagos State
Nigeria
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Nigerian
Olusegun Obasanjo
Goodluck Jonathan
World Trade Organization
Ngozi Okonjo-Iweala
Salaudeen Latinwo
Sani Abacha
Goodluck Ebele Jonathan
"Tinubu, Obasanjo, Jonathan to attend Olusegun Aganga's book launch"
"A who's who of the ministerial nominees"
the original
"Olusegun Aganga"
"Government renames Ministry of Trade and Investment"
"Lagos PDP rejects nominee Aganga"

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