Former Budget Office DG and founder of Nigeria’s first rating company, Olabode Agusto is dead
A former Director-General of the Budget Office of the Federation, Bode Agusto, has died at the age of 68.
Agusto was the founder of Agusto & Co, a Pan-African credit rating agency.
The news of Agusto’s death was announced by the Chief Executive Officer, Founder and Chairman of Proshare Nigeria, Olufemi Awoyemi on Thursday via his handle on X (formerly Twitter).
Awoyemi tweeted, “@bodeagusto, the founder of @agustoandco, was the pioneer who taught us all how to respect facts and data in our engagements.
“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.”
Publisher of Ovation Magazine, Dele Momodu also confirmed Augusto’s death through his official X handle on Thursday.
The economic guru was born on September 14, 1955, and died at the age of 68.
“One of Nigeria’s biggest economic wizards, Mr Olabode Agusto, has passed on. He founded AGUSTO & CO Ltd., a credit rating company.
“His darling wife, Edna and children were in Portugal (his adopted country) when he passed on at close to 70. May his brilliant soul rest in peace,” Momodu wrote.
Agusto served as the Director of the National Pension Commission, member of the Central Bank of Nigeria Monetary Policy Committee and Director-General of the Budget Office of the Federation.
He also had years of experience in the private sector.
In 2003, President Olusegun Obasanjo awarded Agusto the national honour of Member of the Order of the Federal Republic, OFR, for his contributions to the Nigerian economy.
Before his death, Agusto was an independent researcher and consultant on Economics, Finance and Business Strategy.
Agusto led the company, Agusto & Co., as Managing Director for 11 years.
The company, established in 1992, is a business information company with the view of gathering and providing information on select African economies and industries.
