Notable Alumni: Shamsuddeen Usman
Shamsuddeen Usman, CON (born 18 September 1949 Kano, Nigeria) is a Nigerian economist and banker. He is currently the CEO of SUSMAN & Associates, an economic, financial and management consulting firm headquartered in Nigeria. Shamsuddeen was the Minister of National Planning between January 2009 to September 2013. He was also the Finance Minister of Nigeria between June 2007 and January 2009.
He was responsible for the development of Nigeria’s long-term development strategy, Nigeria Vision 2020 and the National Integrated Infrastructure Master Plan. During his tenure as the Minister of Finance and National Planning, he was chairman of the Nigerian National Economic Management Team. Shamduddeen represented Nigeria as a Governor on the Governing Boards of the World Bank and the International Monetary Fund. He was a Member of the Federal Executive Council, National Economic Council and the National Council on Privatization.
Usman was the first Nigerian Minister to publicly declare his assets before assuming office as a public officer, an act considered as a sign of accountability and transparency in a country noted for its high levels of corruption.
Education and personal life
Shamsuddeen Usman was born to a family living in Warure Quarters of Kano State. His Father, an Islamic scholar, died when he was about six years old. He began his education at Dandago Primary School. After a secondary school education at the prestigious Government College Keffi and King’s College, Lagos, he gained a BSc. in Economics from Ahmadu Bello University in Zaria, Nigeria. He later won a National scholarship to study for his MSc. and PhD at the London School of Economics and Political Science between 1977 and 1980. His PhD was on “Tax Incentives and Investment in the Nigerian Oil Industry”.During his first two years at the London School of Economics, he served as a teaching assistant for the final year class in Public Finance.
From 1974 to 1976, Usman worked as the Planning Officer for the Kano State Ministry of Economic Planning. He taught Economic Analysis and Public Finance to students in Ahmadu Bello University, Bayero University Kano and University of Jos between 1976 and 1981. He was a controller at the Nigerian Industrial Development Bank (NIDB) and then served as the director of budget/ special economic adviser to the Kano State Government between 1981 and 1985. Usman was then appointed the general manager of NAL Merchant Bank (currently Sterling Bank).
Impact of privatisation and commercialisation on Nigerian economy
From 1989 to 1991 Usman served as the pioneer director general of The Technical Committee of Privatisation and Commercialisation, now the Bureau of Public Enterprises and was responsible for the Phase I programme with the task to reform public enterprises, as an integral and critical component of the International Monetary Fund-led Structural Adjustment Programme (SAP), which was started in 1986.