Okechukwu Enyinna Enelamah, one of President Muhammadu Buhari’s new ministerial nominees will be finance minister in the new cabinet, TheNEWS has learnt authoritatively.
Enelemah, 50 year-old head of Nigeria’s biggest private equity firm, African Capital Alliance is one of the few of the 36 nominees, whose portfolio we can confirm. Enelamah, a former Goldman Sachs banker, former medical doctor, is a founder and chief executive of ACA, which has raised over $750 million in managed funds since its inception in 1997.
According to his his CV published by Bloomberg, Dr. Enelamah was one of the original principals of Zephyr Capital and South Africa Capital Growth Fund, Ltd.
Previously, he was employed at Arthur Andersen and Goldman Sachs. He was an investment professional of Zephyr Management, L.P. He serves as a Director of Dorman Long Engineering Limited. He has been a Non-Executive Director of UAC of Nigeria Plc since 2010.
He also serves on the Board of various companies including eTranzact, Cornerstone Insurance Plc, Technoserve, Inc., Africa Leadership Initiative West Africa (ALIWA), and Business Day.
Dr. Enelamah is a Chartered Financial Analyst and a qualified Chartered Accountant in Nigeria, winning two national prizes in the qualifying examinations. Dr. Enelamah holds an M.B.A. degree with high distinction from the Harvard Business School, where he was a Baker Scholar.
Another nominee, who was cleared by the Senate yesterday is General Abdulrahman Dambazau, former chief of army staff. He will be defence minister, just like Dr. Emmanuel Ibe Kachikwu’s role is also clear: minister of state in the petroleum ministry.
According to reports, President Buhari deliberately did not assign the portfolios of the 37 nominees, because there are plans to restructure the ministries into about 18.