Abdu Mukhtar

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Abdu Mukhtar

Dr. Abdu Mukhtar (born October 10 1967) is a Nigerian born doctor, business strategist, development expert and investor.[1] He is currently the Director for Industrial and Trade Development for the African Development Bank Group out of Côte d'Ivoire and has held this position since September 28th, 2017.[1] Dr. Mukhtar has over 20 years of extensive multi-disciplinary experience in Public Service, Private Sector, Management Consulting and Private Equity; promoting industrialization through transformational development programs and projects across the African Continent and leading trailblazing teams in industrial policy, trade development, investment climate, and project/corporate finance in various sectors including Manufacturing, Mining, Oil & Gas, ICT and Real Estate.[2]

Early life

Family and Personal life

Abdu Mukhtar was born on October 10th, 1967 in Dambatta, Kano State, Nigeria. He is the son of Alhaji (Dr.) Mukhtar Adnan, the Sarkinbai of Kano and District Head of Dambatta, the current leader of the Dambazawa Fulani clan, former Nigerian parliamentarian and first Commissioner for Education in Kano State, and Hajiya Habiba Mukhtar. He currently lives in Ivory Coast, where he works and is currently married with two sons and two daughters.

Education

Dr. Mukhtar attended the Ahmadu Bello University School of Medicine in Zaria, Nigeria where he received a Doctor of Medicine degree, and was awarded the Dean's Prize for best Pre-clinical student, The Commonwealth Medical Electives Bursary Award, and Surgical Research Fellowship from the University of Amsterdam.[3] He went on to attend the Boston University School of Medicine where he received his Doctor of Philosophy degree (PhD) in Pathology and Laboratory Medicine, and was elected to the Alpha-Epsilon-Lambda Graduate Student Academic and Leadership Honor Society.[3] Dr. Mukhtar then went on to attend Harvard Business School, where he received his Master in Business Administration degree (MBA), and was the recipient of the Robert Walter Heywot-Mangasha, National Black MBA Association and Social Enterprise merit-based Fellowships.[3] Later, Mukhtar went to Harvard Kennedy School, where he received his Master in Public Administration degree (MPA) and was a fellow of the Edward S. Mason Program in Public Policy and Management.[3]

In addition to attending several universities, Mukhtar has also attended several courses, seminars and workshops. Those being the Making Corporate Boards More Effective Executive Education Program at Harvard University, the Senior Managers in Government (SMG) Executive Eduction Program at the Kennedy School of Government, the Oxford Strategic Leadership program at the Saïd Business School at Oxford University, International Directors Program on Corporate Governance at INSEAD, and the Archbishop Tutu Leadership Fellowship Program at the African Leadership Institute in South Africa.[2]

Career

Medicine

Dr. Mukhtar began his career working as a medical officer at the Ministry of Health in Kano, Nigeria in 1991, where he provided in-patient and ambulatory care to patients in the Departments of Medicine, surgery, pediatrics, obstetrics & gynecology, and emergency unit in large general hospitals.[3] He then went on to work as a Research Associate at the Boston University Medical Center from 1993 to 1999 at the Pulmonary Center where he conducted research, executed complex projects that facilitated the understanding AIDS, cancer, asthma and diabetes, and he also cloned a human gene (Interleukin-16) during his time there.[3]

Consulting

He worked as an Associate Consultant at Pittiglio Rabin Todd & McGrath (PRTM) Consulting in Boston between 2001 and 2003 where he analyzed strategic, organizational and operational problems as a team member and managed client team members in multiple Management consulting engagements. While he was there he led the product development and improvement efforts for a $123 billion pharmaceutical company, spanning technology transfer, portfolio and project management, team facilitation, and core process optimization, he facilitated the rollout of a new technology to 57 international subsidiaries of a global Fortune-100 company and conducted due diligence for a transatlantic US$2.7 billion merger of biotechnology companies. He was also a freelance consultant to the Harvard Center for International Development, the Governments of Singapore and the UAE and several private companies.[3]

Government

Mukhtar returned to Nigeria after his time and tenure as a doctor and consultant in Boston. From December 2002 until July 2003, Mukhtar worked at the Bureau of Public Enterprises in the Presidency in Abuja, serving as Transaction Adviser and Special Assistant to the Director General.[3] He then worked at the Federal Capital Territory Administration (FCTA) in Abuja as the Senior Special Assistant to Minister Nasir el-Rufai, on Economic Matters until 2007, where he led several key initiatives and public service reforms, including the establishment of the Economic and Financial Crimes Commission (EFCC).[3] He was also the Chair of the Ad-hoc committee responsible for the sale of 30,000 federal government houses, that raised $800 million and laid the foundation for a mortgage system in Nigeria. He was a member of seven Federal Government of Nigeria ministerial committees. In 2007, Mukhtar began a new position as Group managing director and Chief executive officer (CEO) at the government owned, Abuja Investments Company Limited (AICL), where he provided strategic direction, managed day-to-day operations, and reported to the board as well as the FCT minister until 2011.[3] During his time at AICL, he boosted the operating profit of the company by 300% in his first 6 months, and made the first ever dividend payment of $2 million to shareholders in the company's 21-year history. He managed to maintain profitability for 4 years despite global economic meltdown. He was also responsible for implementing major Real Estate Development projects in partnership with world class developers and investors. He oversaw the activities and sat as Director on the Board of 11 portfolio companies (ASO Savings and Loans Plc, Abuja Property Development Co, Abuja Urban Mass Transit Co, Abuja Connect Plc, Abuja Technology Village Plc, Abuja Automotive Village Co, Abuja Leasing Company, Abuja Sheraton Hotel, American Hospital Inc., Abuja Film Village Co, and Abuja Markets Management Ltd), and chaired the board of 6 of those companies; providing vision, strategic direction, and operational guidelines, and contributed to their success.

Business

Mukhtar transitioned into business after working in branches of the Nigerian Federal Government. He co-founded a private equity fund and after, he began work as the Group Chief strategy officer for Dangote Group Industries Limited (DIL) in Lagos, one of Africa's largest diversified conglomerates, from June 2014 to September 2017.[4] He was a member of Executive and Management Committees of DIL. While he was there, he reported directly to the founder and Group President, Aliko Dangote, who has been ranked by Forbes Magazine as Africa's richest person.[5] While at Dangote, Mukhtar established and oversaw the functions of the Corporate Strategy Department, assisted in setting overall strategic direction for the company and oversaw key aspects of the strategic planning processes of the group, business units, subsidiaries, and associated companies. He also assisted in steering the company's cement manufacturing expansion into 18 African countries, he developed and nurtured strategic partnerships locally and internationally, including a $5 billion JVA with the Blackstone Group and a $2 billion JVA with the Carlyle Group, and he also analyzed and participated in the execution of several new business initiatives, including a $12 billion oil refinery and petrochemical plant which is the largest in the world, and other projects totaling around $7 billion.

From September 2017 to date, Dr. Mukhtar has been working as the Director for Industrial and Trade Development department at the African Development Bank,[3] where he leads the bank's work in industrialization, and provides vision and strategic direction for the department in achieving the bank's goals. In his short time there he has quadrupled the average annual lending volume in the industrial and service sectors from $100 million to $400 million, and led the bank's largest private sector investment ever-the Mozambique LNG project which was also the largest foreign direct investment ($25 billion) in African history. He also led the development of ground breaking studies in industrial policy, private sector operations and the fourth industrial revolution (4IR). Mukhtar represents the AfDB on the Board of the East African Development Bank (EADB). He has also mobilized several industrial projects totaling over $9 billion on the African Investment Forum (AIF) platform.

Recognition

  • Dr. Mukhtar was nominated for Nigeria's CEO of the Year Award by This Day Newspapers in 2008[3]
  • Profiled in "2000 Outstanding Scientists of the 20th Century"[2]
  • Listed in the Millennium Edition of "Who's Who in America: Science and Engineering"[2]
  • Profiled in "Those Who Inspire - Nigeria"[1]

Other Activities

He has founded and supported various entrepreneurial ventures, chaired the board of numerous private companies, and has sat/sits on the board of several non-profit organizations, such as: the Nollywood Foundation, LEAP Africa, Junior Achievement Africa, African University of Science and Technology (AUST), Abuja and the Students for the Advancement of Global Entrepreneurship (SAGE-Global Advisory Board), and the Health Strategy and Development Foundation (HSDF).[6] Mukhtar is also the founder and former chairman of Grassroot Microfinance Bank in Kano, Nigeria.[1] Mukhtar is also a very sought-after speaker, and a frequent world traveller.

References

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