- Category: Nigerians in Diaspora
- Published on Wednesday, 28 October 2009 22:17
- Written by Admin
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Ngozi Okonjo-Iweala (born June 13, 1954) was the former Finance Minister and Foreign Minister of
She served as finance minister from July 2003 until her appointment as foreign minister in June 2006, and as foreign minister until her resignation in August 2006. Okonjo-Iweala was considered as a possible replacement for former World Bank President Paul Wolfowitz. On October 4 2007 she was appointed as Managing Director of the World Bank by World Bank
Education and personal life
Okonjo-Iweala is an Igbo from Ogwashi-Uku,
She is married - her husband is from Umuahia,
Prior to her ministerial career in
In October 2005, she led the Nigerian team that struck a deal with the Paris Club, a group of bilateral creditors, to pay a portion of
Okonjo-Iweala also introduced the practice of publishing each state's monthly financial allocation from the federal government in the newspapers. She was instrumental in helping
Some controversy surrounded Okonjo-Iweala’s appointment as Finance Minister, as well as that of Foreign Affairs minister, Olu Adeniji, as other ministers were resentful of their United Nations salaries of over US$240,000, compared with their own $6,000 base salary. The controversy was spearheaded by reform-minded media reports, although Okonjo-Iweala felt that her critics were unjustified because of the temporary nature of the payment, which came out of the donor supported Diaspora Fund negotiated by the Nigerian government. On Friday, 20 July 2007, the Court of Appeal ruled that the salary payment was not done within the ambit of
Both Okonjo-Iweala and the Federal Government of Nigeria have appealed the case to the Supreme Court, and judgement is pending. The appeal is on the basis that the appeals court made its judgement due to erroneous information provided to it that the Nigerian government was making the salary payments, when in fact it was not.
She resigned as
On October 4, 2007, World Bank President Robert Zoellick appointed her to the post of Managing Director, effective December 1, 2007.
In 2007, Okonjo-Iweala's NGO, NOI Global Consulting, partnered with the Gallup Organization to introduce an opinion poll, the NOI poll, into the Nigerian polity.
Okonjo-Iweala is a fellow at the Brookings Institution. Okonjo-Iweala also serves on the Advisory Board of Global Financial Integrity and on the Board of Directors of the World Resources Institute.