The Kogi Progressive Stakeholders Forum (KPSF) has congratulated Mr Fola Adeola, co-founder of Guaranty Trust Bank and founder/chairman of the Fate Foundation on his appointment by President Bola Ahmed Tinubu as Chairman of the task force on Presidential Petroleum Reform and Value Optimization describing it as a proof of Tinubu’s commitment to structurally reform the Nigerian Petroleum Sector.
A statement by the State Coordinator of the Forum Hon. Sani Philips, KPSF commended President Bola Ahmed Tinubu, GCFR for appointing one of Nigeria’s finest banker and reformer Mr Fola Adeola to transform the petroleum sector.
The task force which will operate as a time-bound, high-level executive working group tasked with producing execution-ready reform blueprint would help to accelerate Nigeria’s development in the petroleum sector.
Mr. Fola Adeola is the founder and chairman of FATE Foundation a charitable foundation to promote entrepreneurship among the youth in Nigeria. He is also the founder of Guaranty Trust Bank Plc where he is presently a director. He served the bank as the pioneer Managing Director and Chief Executive Officer for 12 years.
Before founding Guaranty Trust Bank Plc in 1990, Mr. Adeola was the Deputy General Manager & Divisional Head, Financial Services Division of the Continental Merchant Bank Limited (1986-1990).
Mr. Adeola has presented over twenty papers in various countries on a wide range of topics. He attended Yaba College of Technology where he obtained his HND in Accountancy. He has also obtained degrees from the London School of Accountancy, the International Institute for Management Development (IEP), the Lagos Business School (CEP) and the Harvard Business School (OPM). In 1999, Mr. Adeola was awarded membership of the National Institute of Policy & Strategic Studies (MNI)
It is on record that the Nigeria’s petroleum sector has undergone significant reforms under the Tinubu administration, including the removal of petrol subsidy, unification of foreign exchange windows, and efforts to increase crude oil production from one million barrels per day to 1.5 million barrels per day.
