Ngozi Okonjo-Iweala
| Minister of Finance Country: Nigeria |
Content:
- Humble Beginnings
- Educational Pursuits
- Career Highlights
- Finance Minister and Economic Reformer
- Political Popularity
- Personal Life
Ngozi Okonjo-Iweala: A Biography of Nigeria's Trailblazing Finance Minister
Humble Beginnings
Ngozi Okonjo-Iweala, born on June 13, , hails from an illustrious family. Her father, Chukwuka Okonjo, was a renowned economist and professor, while her mother, Kamene Okonjo, was a physician. Despite her privileged upbringing, Okonjo-Iweala faced adversity during the Nigerian Civil War of , which impoverished her family. Undeterred, she pursued an academic path, following in her father's footsteps.
Educational Pursuits
In , Okonjo-Iweala earned her Bachelor of Arts in Economics from Harvard University. She went on to obtain a Master of Arts in Economics and a Doctorate in Economics from the Massachusetts Institute of Technology (MIT), both earned through scholarships. Her doctoral dissertation focused on the macroeconomic effects of oil supply shocks in Nigeria.
Career Highlights
Okonjo-Iweala's career has been marked by significant accomplishments. From to , s
Mary Udo, , Administration, Economist,
Born June 13,
Dr
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&#; A.B. magna cum laude in Economics, Harvard University
&#; Ph.D. in Regional Economics and Development, Massachusetts Institute of Technology (MIT)
Dr Ngozi Okonjo-Iweala is an Internationally Renowned Economist and a Prominent Leader. She has 30 years of significant geopolitical, economic, risk and development experience and expertise at a governmental and intergovernmental level. She was the First Female Minister of Finance and Foreign Affairs respectfully in Nigeria. She served two terms as Finance Minister of Nigeria (, ) and also served as the Managing Director of the World Bank ( ). During her tenure as Finance Minister, she headed Nigeria’s successful program to obtain a debt relief from the Paris Club. She is credited with developing reforms that helped improve governmental transparency to stabilise and grow the Nigerian economy. In , Dr Ngozi Okonjo-Iweala was a candidate for president of the World Bank. She however lost to the nominee of the United States and Dartmouth College President, Jim Yong Kim. On July 19, , Dr Ngozi Okonjo-Iweala was named on the
Ngozi Okonjo-Iweala is a Nigerian economist and international development professional, global development expert and environmental sustainability advocate.
She is the first woman to become the Director-General of the World Trade Organization. She sits on the board of many organizations such as Standard Chartered Bank, Twitter, Mandela Institute of Development Studies, Rockefeller, etc.
Early life and education
Ngozi Okonjo-Iweala was born on June 13, , in Ogwashi-Ukwu, Delta State. Her father, Professor Chukwuka Okonjo, was King (Obi) of the royal family. Also, her parents Chukwuka and Kamene Okonjo, were both professors at the University of Ibadan.
She had her secondary education at the Queen’s College, Enugu; St Anne’s School, Molete, Ibadan; and the International School Ibadan.
After that, Okonjo-Iweala studied Economics at Harvard University in She has a Master’s degree in City Planning () from Harvard University. She obtained her Doctorate in Regional Economics and Development from the Massachusetts Institute of Technology in
Career
Okonjo-Iweala started as an intern at the World Bank before graduating from the university.
Upon her graduation, Ngozi Okonjo-Iwe
Who is Ngozi Okonjo-Iweala?
Ngozi Okonjo-Iweala is a globally renowned Nigerian economist best known for her two terms as Finance Minister of Nigeria and for her work at the World Bank, including several years as one of its Managing Directors. She briefly held the position of Foreign Minister of Nigeria in
In , Okonjo-Iweala was considered as a possible replacement for former World Bank President Paul Wolfowitz. Subsequently, in , she became one of three candidates in the race to replace World Bank President Robert Zoellick at the end of his term of office in June On April 16, it was announced that she had been unsuccessful in her bid for the World Bank presidency, having lost to the US nominee, Jim Yong Kim. This outcome had been widely anticipated. However, this was the first contested election for World Bank president after the demise in of the Gentlemen's Agreement that the USwould appoint the World Bank president and Europe would appoint the Managing Director of the International Monetary Fund.
- Born
- Jun 13,
Ogwashi-Uku - Spouses
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- PhD, Massachusetts Institute of Technology
( - /01) - Master of Urban Planning, Massachuset
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- PhD, Massachusetts Institute of Technology