Former DG Budget Office Bode Agusto dies at 68

A former Director-General of the Budget Office of the Federation and founder of Agusto & Co, Nigeria’s first credit rating agency, Bode Agusto, has died at the age of 68.

Olufemi M. Awoyemi, who is the current CEO, Founder and Chairman of Proshare Nigeria, confirmed the death of Agusto on Thursday via his X (formerly Twitter) handle.

“@bodeagusto, the founder of @agustoandco, was the pioneer who taught us all how to respect facts and data in our engagements,” Awoyemi posted.

“A great human being and a fabulous teacher you were. Your teachings, delivered with conviction, will always be with all of us; our career paths were impacted by you.

“I pray to Almighty God to give enough strength to his family members to overcome this loss, and may his soul rest in peace.”

Before his passing, Agusto was an independent consultant in the world of economics, finance, and business strategy.

Agusto & Co., established in 1992, played a crucial role in introducing credit rating services to Nigeria.

The company was officially licensed by the Securities and Exchange Commission, making it the nation’s very first credit rating agency. Agusto led the company as Managing Director for 11 years.