LAPO Microfinance Bank appoints Ehigiamusoe as Board Chairman
Dr. Godwin Ehigiamusoe
Nike Popoola
LAPO Microfinance Bank has announced the appointment of Dr. Godwin Ehigiamusoe, as Chairman of its Board of Directors. Dr. Ehigiamusoe succeeds Mrs. Osaretin Demuren, whoprovided excellent leadership for the institution particularly in consolidating the microfinance bank’s leadership position in the sub-financial sector.
The bank made this announcement in a statement obtained by Dailyeconomy on Tuesday.
He brings into the position his rich experience and institutional memory that will be of immense benefits to LAPO Microfinance Bank and national financial inclusion efforts.
Dr Ehigiamusoe is an acknowledged microfinance practitioner who have for over three decades pioneered several initiatives that have contributed to the expansion of the frontiers of finance in Nigeria and beyond. In late the 1980’s, he initiated Lift Above Poverty Organization (LAPO) as a non-governmental response to the spike in poverty as a result of the implementation of the Structural Adjustment Programme-SAP. LAPO has evolved into a number of mutually reinforcing institutions in microfinance, healthcare; insurance, micro-leasing; technology and agriculture.
He earned a doctorate in policy and development studies with emphasis on policy instrument and financial inclusion. He is chartered microfinance banker, and Fellow, Chartered Institute of Bankers of Nigeria.
Dr Ehigiamusoe sees his appointment as an opportunity to build on the achievements of LAPO Microfinance Bank and contribute to deepening financial inclusion.
