Nigeria’s Buhari Nominates Okechukwu Enelamah, The Head Of Biggest Private Equity Firm As Minister

Buhari Nominates Okechukwu Enyinna Enelamah As Minister


“Nigeria’s President Muhammadu Buhari has asked the head of the country’s biggest private equity firm to join his cabinet, Senate President Bukola Saraki said on Tuesday, as lawmakers started screening candidates for a long-awaited government.

Saraki did not specify a portfolio for Dr. Okechukwu Enyinna Enelamah, head of African Capital Alliance (ACA), as he read out a second batch of Buhari’s cabinet nominees that need to be approved by the upper house.” Reuters Reports


Okey Enelamah is a founder and CEO of ACA, a leading African private equity firm. Formed in 1997, ACA has raised over $750 million in managed funds since inception. Okey was one of the original principals of Zephyr Capital and South Africa Capital Growth Fund (the predecessor to Brait). Previously, he worked at Goldman Sachs in New York and London and Arthur Andersen in Nigeria.

Okey earned a MBA with high distinction (Baker Scholar) from Harvard Business School. In addition, he is a Chartered Financial Analyst and qualified as a Chartered Accountant in Nigeria. He serves on the boards of a number of companies, including Cornerstone Insurance Plc, UAC of Nigeria Plc, Flavours Food Limited and Landmark Property Development Company. He is a member of the boards of the African Venture Capital Association, Emerging Markets Private Equity Association, Africa Leadership Initiative West Africa, and a Fellow of the Aspen Institute.


Mr Okechukwu would likely be the finance minister if confirmed by the senate.