President Bola Tinubu has appointed Mrs. Eyitope Kola-Oyeneyin as Chairman of the Board of the Nigerian Investment Promotion Commission (NIPC), entrusting one of Nigeria’s foremost strategy and financial services experts with helping shape the country’s investment promotion agenda.
Her appointment brings to NIPC more than 25 years of international experience spanning strategy consulting, financial services, technology, investment promotion and corporate governance across Africa and global markets.
As Board Chairman of NIPC, Kola-Oyeniyi is expected to provide strategic oversight for the commission as it seeks to attract greater foreign direct investment, improve Nigeria’s investment climate and support the Federal Government’s economic diversification agenda.
The Nigerian Investment Promotion Commission is the country’s primary investment promotion agency, responsible for encouraging, coordinating and facilitating domestic and foreign investments across key sectors of the economy.
Kola-Oyeneyin is widely recognised as a transformation executive who has advised governments, regulators, financial institutions, investors and multinational corporations on growth strategies, digital transformation and economic development.
Economic Advisory Career
She is the Founder and Managing Partner of Augmentum Advisory, a firm that works with governments, investors and businesses to drive complex, multi-stakeholder transformation initiatives through technology adoption, capital mobilisation and execution support.
Before establishing Augmentum Advisory, Kola-Oyeneyin spent six years at McKinsey & Company, where she served as Partner and Head of the Europe, Middle East and Africa (EEMA) Payments Practice between 2017 and 2023. In that role, she advised central banks, commercial banks, fintech firms, payment companies and public institutions on digital finance, financial inclusion, payments infrastructure and sector-wide transformation.
Her earlier banking career included serving as Group Head of International Banking, where she oversaw operations across six African subsidiaries in the Democratic Republic of Congo, Ghana, Guinea, Senegal, Sierra Leone and The Gambia, alongside representative offices in Abu Dhabi, China and South Africa. She was responsible for driving profitability, managing operational and reputational risks and ensuring sustainable growth across the international business portfolio.
Kola-Oyeneyin is also an advocate for technology-enabled economic development. Throughout her career, she has championed digital financial services as a catalyst for inclusive growth, leading projects involving regulators, investors, fintech companies, development organisations and private-sector institutions. She has co-authored research and thought leadership publications featured in internationally recognised outlets including The Financial Times, The Economist and McKinsey publications.
Her governance experience extends to Nigeria’s corporate sector. She currently serves as an Independent Non-Executive Director of MTN Nigeria, one of Africa’s largest telecommunications companies, where she contributes to board oversight on strategy, governance and corporate performance.
Academic Background
Academically, Kola-Oyeneyin holds a Master of Science in Management Science and Engineering, with a concentration in Strategy and Technology, from Stanford University. She earned her Bachelor of Science in Industrial Engineering, graduating Magna Cum Laude, from the University of Central Florida, specialising in simulation modelling and operations research.
She is also a recipient of the prestigious U.S. National Science Foundation (NSF) Graduate Research Fellowship, one of America’s most competitive academic awards supporting outstanding graduate students in science and engineering.
