President Tinubu appoints new chairs for NIPC and NEPZA boards to boost investment
President Tinubu appointed Mrs. Eyitope Kola-Oyeneyin as Board Chairperson of the Nigerian Investment Promotion Commission (NIPC) and Mr. Muhammad Hadi Mutallab as Board Chairperson of the Nigerian Export Processing Zones Authority (NEPZA), announced by the Federal Ministry of Industry, Trade and Investment on July 13, 2026.
The appointments aim to strengthen governance in key economic institutions through experienced private-sector leadership. Kola-Oyeneyin brings 25+ years in financial services transformation and technology from McKinsey and her own firm, while Mutallab brings entrepreneurial experience in maritime, oil/gas, logistics, construction, real estate, finance and agric-tech. Both serve on multiple corporate boards.
NIPC promotes foreign investment into Nigeria while NEPZA develops and regulates export processing zones. The government says this supports efforts to attract investment, boost non-oil exports, and improve Nigeria's investment climate - potentially creating more job and business opportunities as industrial activity expands.
How might stronger investment promotion and export zones affect job prospects or business opportunities in your line of work?