Currently, Ngozi Okonjo-Iweala has been on the news after getting slated to the Director-General of the World Trade Organization (WTO) but got Opposed by the government of the United state.
While the battle carries on, below are a few of many interesting things you may need to know about the great woman of Nigerian descent.
Ngozi Okonjo-Iweala is a Nigerian-born economist and international development expert who recently got appointed with an important position.
Okonjo-Iwela was born Ogwushi-ukwu in Delta state where her father hails from. Her father, professor Chukwua Okonjo rule over his clan, ( Obahai Royal Family Of Ogwashi Ukwu).
During her early life, Ngozi Okonjo-Iweala attended the Queen’s School in Enugu state, St.Anne’s School, Molete, and the international school in Ibadan. In 1973 she arrived at Havard University as a teenager and graduated Magna cum laude with an AB In Economics in the year 1976. Four later after graduating from Havard, she earned her Ph.D. in Regional Economics and Development from Massachusetts Institute of Technology in 1981, with a thesis called ‘Credit Policy, Rural Financial Markets, and Nigerian’s agricultural development’.
Ngozi Okonjo-Iweala worked for 25 years in Washington Dc as a development economist at World Bank, she rose to the number 2 position of Managing Director.
During the 2008-2009 food crisis and later on the financial crisis, she spearheaded several world bank initiatives to assist countries with low-income. In 2010, she came to be the chair of IDP replenishment which successfully rose a 49.3 billion grant and low-interest credit for the poorest countries in the world. While still working at World Bank, she became a member of the commission of Effective Development cooperation with Africa, an initiative set up by the prime mister of Denmark, Anders Fogh Rasmussen.
Ngozi Okonjo-Iwela became the first woman to ever hold two important political positions in Nigeria, She served twice as Nigerian’s Finance Minister and also served as the Minister of Foreign Affairs.
Working as the Minister of Finance under the leadership of Ex-president Olusegun Obasanjo, she spearheaded a negotiation that wiped away Nigeria’s debt worth USD$30 Billion and saw the cancellation of USDf18 billion.
In 2013, she improved Nigeria’s macroeconomic management, this included the implementation of an oil-price-based fiscal rule that introduced the use of ‘The Excess Crude Account’ which helped reduce the violation of macroeconomic.
Furthermore, she introduced a practice that enables the publication of each state’s monthly financial allocation from the Federal Government in the newspapers, an initiative that heightened transparency in governance. going further into her works in the government, she helped build an electronic financial management platform—the Government Integrated Financial Management and Information System (GIFMIS), including the Treasury Single Account (TSA) and the Integrated Payroll and Personnel Information System,( an initiative that curtailed corruption and by December 31, 2014, the IPPIS already fished out 62,893 ghost workers an saved the country billions of naira in the process) with the help and support of World Bank and IMF to the federal government.
After her first term working as a Minister of Finance, she went back to World Bank as a Managing Director in 2017 and returned in 2011 after she got re-appointed not only as of the Minister of Finance, but also the Minister of Economy by Ex-president Goodluck Jonathan.
Ngozi Okonjo-Iweala is the founder of NOI-Polls, the first-ever Nigeria-based Opinion-research organization. She also founded the Center for the Study of Economics in Africa, and she has been a part of UNESCO’S International Commission on the Future of Education, and this year, she got appointed as a special envoy by African Union (AU) to solicit international support to help the African nation deal with the Economic impact of Covid-19.
Ngozi Okonjo-Iweala has received various recognitions and awards, a few of them are; 50 greatest world leaders, the top hundred most influential people in the world, Top hundred Global thinkers, and many more recognitions and awards. Also, Ngozi Okonjo-Iweala has received honorary degrees from fourteen universities worldwide.
Ngozi Okonjo-Iweala is married to Doctor Ikemba Iweala who is a Neurosurgeon, they have four children together; a girl and three boys, who are all Alumni of the prestigious college Harvard university.
Currently, Ngozi Okonjo Iweala is on the verge of becoming the Director-General of the World Trade Organization(WTO) and the first woman and first African to hold the position, after gaining the support of 163 countries and the opposition of the United States of America.