Olusegun Olutoyin Aganga | |
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Federal Minister of Industry, Trade and Investment Nigeria | |
In office 9 March 2013 – 29 May 2015 |
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Federal Minister of Trade and Investment Nigeria | |
In office 11 July 2011 – 9 March 2013 |
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Federal Minister of Finance Nigeria | |
In office 6 April 2010 – June 2011 |
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Preceded by | Mansur Mukhtar |
Succeeded by | Ngozi Okonjo-Iweala |
Personal details | |
Born | 1955 Owan West LGA, Edo State, Nigeria |
Olusegun Olutoyin Aganga (born 1955) was the Minister of Industry, Trade and Investment of Nigeria. He was first nominated by General Obasanjo and appointed by President Jonathan as Minister of Finance from 6 April 2010 to June 2011.
During his tenure as Finance Minister, Aganga was also the Chairman of the Nigerian National Economic Management Team. Aganga represented Nigeria as a Governor on the Governing Boards of the World Bank and the International Monetary Fund, and was the Chairman of the Joint Board of Governors of the World Bank and the IMF during the October 2010 Annual Meetings.
In December 2011 as the Nigerian Minister of Trade and Investment, Aganga was the first African to successfully chair the Eighth World Trade Organisation Ministerial Conference in its 16 years of existence.
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.
Aganga previously worked in Arthur Young in Nigeria, Ernst & Young in London UK, and Goldman Sachs International in London, where he was Managing Director in hedge funds. He previously served as Governor on the board of the African Development Bank. Aganga was also a Board Member of the Nigerian Security and Exchange Commission Technical Committee on Nigerian Capital Market Structure and a former Chairman of the Association for Financial Markets in Europe (AFME) Prime Brokerage Committee. Aganga currently serves on a number of boards and committees including Technoserve and The Prince’s Trust Invest in Futures Committee.
In 2006, Aganga founded the Nigerian Leadership Initiative. Aganga was credited for the establishment of the Sovereign Wealth Fund (SWF) in Nigeria.
In July 2011, Aganga was redeployed by the President to the new Ministry of Trade and Investment, to make way for Ngozi Okonjo-Iweala 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.
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 Salaudeen Latinwo. His older sister is Mercy Latinwo.