President Bola Tinubu has approved the appointment of board chairpersons for the Nigerian Investment Promotion Commission (NIPC) and the Nigerian Export Processing Zones Authority (NEPZA).
The Federal Ministry of Industry, Trade and Investment announced the appointment on 13 July 2026.
Eyitope Kola-Oyeneyi has been named Chair of the NIPC, while Muhammad Hadi Mutallab takes the helm at NEPZA.
The ministry described both appointments as non-political, aimed at strengthening institutional governance through competent and experienced leadership.
Kola-Oyeneyi brings more than 25 years of global experience in financial services, regulation and investment to the role.
A Stanford-trained management scientist and University of Central Florida industrial engineering graduate, where she earned her degree magna cum laude, she is the founder and managing partner of Augmentum Advisory and currently serves as an Independent Non-Executive Director on the board of MTN Nigeria.
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She previously led the International Banking division at a major financial institution spanning six African subsidiaries, and served as Partner and Head of the EEMA Payments practice at McKinsey and Company from 2017 to 2023.
Her work on digital financial solutions across Africa has been featured in the Financial Times, The Economist and McKinsey.com.
Mutallab founded Dattaku Global Investment Limited in 2012, growing it from an initial capital of $10,000 to an asset base of over $1 million, with interests spanning maritime, oil and gas, construction, real estate, logistics, finance and agricultural technology.
As Managing Director of Incar Petroleum Nigeria Plc, he diversified operations and increased revenue by 30 per cent within three years.
He also founded Farm to You Limited, an agri-tech platform connecting consumers to fresh farm produce, and the FTY Innovation Hub, which supports startups in Northern Nigeria through funding, mentorship and product development.
The ministry said the appointments would provide strategic direction, strengthen institutional oversight and support the effective delivery of both agencies' statutory mandates in driving Nigeria's industrialisation, investment promotion and non-oil export agenda.
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