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Bode Agusto, Nigerian economist and founder of Agusto & Co, Nigeria’s first credit rating agency, has passed away at the age of 68, according to a report by BusinessDay.

Before his passing, Bode 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. Bode Agusto led the company as Managing Director for 11 years.

As of 2023, Agusto & Co. had expanded its reach, offering its services not only in Nigeria but also in countries like Kenya and Rwanda.

His legacy as a pioneer in economics and finance will be remembered and celebrated in the finance industry.

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