Founder of Nigeria’s first credit rating agency, Bode Agusto, is dead

Founder of Nigeria’s first credit rating agency, Bode Agusto, is dead


Foremost economist and founder of Nigeria’s first credit rating agency, Agusto & Co, Bode Agusto, has died at the age of 68.

Confirmation of death:

People Democratic Party (Chieftain) and Media mogul, Dele Momodu, confirmed his death in an Instagram post on Thursday.

Agusto’s career:

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

He was also a director in the National Pension Commission and a member of the Central Bank of Nigeria Monetary Policy Committee.

Agusto & Co.:

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.

Awards and recognition:

In 2003, ex-President Olusegun Obasanjo awarded Agusto the national honour of Member of the Order of the Federal Republic for his contributions to the Nigerian economy.


The death of Bode Agusto is a great loss to Nigeria. He was a renowned economist and a pioneer in the field of credit rating in the country.

His contributions to the Nigerian economy will be remembered for many years to come.

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