Yewande sadiku biography for kids
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Leading a multi-disciplinary team, she managed key relationships with regulators — Securities and Exchange Commission (SEC) (Nigeria) , Central Bank of Nigeria (CBN), The Nigerian Stock Exchange (NSE), among others. In particular, fintech, e-commerce, food processing is witnessing increased consumer activity. She spearheaded deals of trillions of Naira in long-term debt and equity financing, impacting virtually every sector of the Nigerian economy.
Yewande Sadiku Highlights How NIPC Will Continually Coordinate Local & Foreign Investments in Nigeria
The Executive Secretary and Chief Executive Officer of Nigerian Investment Promotion Commission (NIPC), Yewande Sadiku, was a guest on Arise Xchange, the weekly global business report of ARISE TV Networks on Thursday, 16 July 2020 where she shared her thoughts on how the coronavirus pandemic has affected Nigeria’s strategy in soliciting foreign investments and renewed focus in local investors focusing on stimulating local businesses.
Commenting on UNCTAD’s forecast which estimates that foreign direct investment flows will decrease by 30-40% in 2020/2021, Sadiku explained that “as the pandemic worsens and economies further contract, our projection remains that those UNCTAD figures will shrink even further”.
She added, “Investment announcements which we track and share daily through our newsletter show that $5.06 billion investment announcements were recorded in the first half of 2020 – this is a third of what was recorded within the corresponding period last year”.
This will also happen alongside a renewed zeal on impact investment, as investors would not only consider the returns on their investments but the impact their capital will have on the overall health of economies.” She further added that there will be a continuous increase in the domestic manufacturing capacity of essential and critical commodities per country.”
Source: Bellanaija
- Sadiku enjoys the outdoors and has extensive independent worldwide travel.
In her investment banking career which spanned almost 2 decades, she handled several of the major mergers and restructurings undertaken in Nigeria by major corporates and multinational companies.
Career in the private sector
Sadiku worked at Nigeria International Bank Limited, now Citibank Nigeria from 1992 to 1994, after excelling in their on-campus recruitment at University of Benin.
An Iconic Woman of our Time: Yewande Sadiku
Yewande Sadiku was the executive secretary and CEO of the Nigerian Investment Promotion Commission from 8 November 2016 to 24 September 2021.
Time in public service
On 25 September 2016, Sadiku was appointed as the Executive Secretary/CEO, Nigerian Investment Promotion Commission (NIPC), the agency responsible for encouraging, promoting and coordinating investments in the Nigerian economy.
Some initiatives under her leadership include:
– the development of a daily “Invest in Nigeria” intelligence e-newsletter which showcases investment opportunities, economic news and investor testimonials into a quarterly Report of Investment Announcements which gives a sense of investor interest in Nigeria (introduced in Feb 2017)
– Publishing the Compendium of Investment Incentives in Nigeria, a compilation of all the incentives in Nigerian tax laws and duly approved sector-specific incentives, which was published in collaboration with Federal Inland Revenue Service (first published in Oct 2017)
– Articulating a country-focused investment promotion strategy to better channel Nigeria’s limited resources to ensure that strategic attention is paid to countries that Nigeria should build strategic investment-focused relationships with (initiated 2017)
– Reform of the Pioneer Status Incentive (PSI) scheme, introducing 27 modernised industries, faster application review and reclassification based on International Standard Industrial Classification (ISIC) (completed in Aug 2017)
– Quarterly publication of PSI applications processed, bringing proactive public disclosure to the grant of the tax incentive (introduced in Q3, 2017)
– Leading the reform of Nigeria’s investment treaty regime by reviewing Nigeria’s Bilateral Investment Treaties (BITs) based on the principle of attracting ‘RIBS’ (Responsible, Inclusive, Balanced and Sustainable) investments, that ensures a balance of investor rights with obligations.(initiated, 2016)
– The reform work led to the execution of the Nigeria-Morocco BIT, which featured prominently in United Nations Conference on Trade and Development (UNCTAD)’s 2017 World Investment Report and is often cited internationally as an example of a balanced “new generation” investment treaty that developing countries and emerging economies should emulate.
She was appointed in September 2016 by His Excellency, President Muhammadu Buhari, GCFR as the Executive Secretary and Chief Executive Officer of Nigerian Investment Promotion Commission (NIPC),.[1] Nigeria’s foremost investment promotion agency. In 1995, Sadiku obtained a Master of Business Administration degree from the University of Warwick in United Kingdom.
Career
Sadiku worked at Nigeria International Bank Limited, now Citibank Nigeria from 1992 to 1994.She has climbed the Mount Kilimanjaro, walked the Camino de Santiago and divide the Great Barrier Reef, amongst other experiences which have shaped by a broad outlook
- Former Freelance writer, Economist Intelligence Unit Nigeria Country Report and Country Finance (1999-2000)
Recognitions
- In 2007, she was featured in World Business Magazine “35 International Women Under 35”[4]
- In 2010, Sadiku was awarded the Eisenhower Fellowship for International Leadership[5]
- In June, She was honoured as an Honorary Citizen of the City of St.
Louis and presented with a Civic Leadership, in appreciation of her leadership qualities.
- In 2019, The Nigeria Union of Journalists (NUJ) awarded her “Distinguished Friend of the Media” for her role in promoting press freedom and accountability.
Speeches and Lectures
• TEDxLagos (2013) - Why every woman should giggle • Ausso Leadership Academy (2019) – Views on Leadership
References
External Links
This article "Yewande Sadiku" is from Wikipedia.
Additionally, it enables us to advise the government on policy changes that are required to reverse or thrust policy-making.”
While FDI is expected to slow down because of COVID-19, we are also presented with new optimism for local investments and businesses to take advantage of some unique opportunities presented by COVID. Before her appointment to head NIPC, she was Executive Director of Corporate and Investment Banking at Stanbic IBTC Bank.
The list of its authors can be seen in its historical. She has also worked on strengthening support for sub-national investment promotion since most of the investments that come into Nigeria will reside with the states. She joined the prestigious Investment Banking & Trust Company Limited (IBTC) at entry-level in January 1996 and had a 21-year career at the bank through its transition to the Stanbic IBTC Group.
Sadiku was also instrumental in several landmark transactions, including:
– The $535m first dual listing of a Nigerian company on the London and Nigerian Stock Exchanges (Seplat, 2014)
– The $13.5 billion merger of Benue Cement Company with Dangote Cement to create the largest listed company on The NSE (2010)
– Raising public and private funding for several major companies in Nigeria including Access Bank plc, Dangote Sugar, Flour Mills, MTN, Nigerian Bottling Company, Nigerian Breweries, Zenith Bank, etc.
She attended the International School Lagos for her secondary school education. (December, 2016)[2]
She often expresses great pleasure in public fora, that the achievements recorded under her leadership were achieved through the commitment and hard work of the staff of NIPC with minimal external assistance.
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Yewande Sadiku
Yewande Sadiku
Born (1972-07-27) July 27, 1972 (age 53) Nationality Nigerian Other names YTS Citizenship Nigeria Education Alma mater - University of Benin (Nigeria)
- University of Warwick
Occupation - Investment Banker
- Nigerian Public Servant
Years active 2016-Present Known for Nigerian Investment Promotion Commission Executive Secretary/CEO Yewande Sadiku (born 27 July 1972), popularly known as YTS, is an investment Banker and Nigerian Public Servant.