Ngozi okonjo iweala biography sample

Ngozi Okonjo-Iweala is a Nigerian economist who, on March 3, 2021, was sworn in as the first woman and first African director-general of the World Trade Organization (WTO). She was also the longest serving finance minister in the government of Nigeria and has headed initiatives prioritizing the economies of low-income countries at the World Bank.

Ngozi Okonjo-Iweala was born on June 13, 1954 in Ogwashi-Ukwu, Delta State, Nigeria. She studied at Nigeria’s oldest girls’ secondary school and traveled to the U.S. to study at Harvard University as a teenager (1973). She graduated magna cum laude

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from Harvard with a bachelor’s in economics (1976) and later earned her Ph.D. from Massachusetts Institute of Technology (MIT) in 1981. Since then, she has been awarded fifteen honorary degrees from other institutions around the world. After receiving her doctoral degree, Okonjo-Iweala served for twenty-five years in the World Bank where she rose to the number two position as managing director of operations. In that post she supervised development projects and portfolios in Europe, Africa, Central Asia, and South Asia.

Okonjo-Iweala made history in Nigeria after being appointed the first woman and longest serving Finance Minister of Nigeria. She was first appointed by President Olusegun Obasanjo (2003-2006) and again by President Goodluck Jonathan (2011-2015). She also served as Minister of Foreign Affairs between her two terms. During her time in government, Okonjo-Iweala sought to bring about reforms that increased fiscal transparency in government and reduced corruption by publishing government distributions to different departments and local offices on the finance ministry website and in newspapers. In 2005, she led negotiations with the Paris Club, an assembly of the world’s

Nigerian economist (born 1954)

Ngozi Okonjo-IwealaGCON (; born 13 June 1954) is a Nigerian economist, who has been serving as the Director-General of the World Trade Organization since March 2021. She is the first woman and first African to lead the World Trade Organization as Director-General.

She was previously on the boards of Danone, Standard Chartered Bank, MINDS: Mandela Institute for Development Studies, Carnegie Endowment for International Peace, Georgetown Institute for Women, Peace and Security, One Campaign, GAVI: Global Alliance for Vaccines and Immunization, Rockefeller Foundation, R4D: Results for Development, ARC: African Risk Capacity and Earthshot Prize plus others. She also previously sat on the Twitter Board of Directors, and stepped down in February 2021 in connection with her appointment as Director-General of the World Trade Organization.

Okonjo-Iweala serves Brookings Institution as a non-resident distinguished fellow with the Africa Growth Initiative in their Global Economy and Development Program. She is a Commissioner Emeritus and Co-Chair of Global Commission on the Economy and Climate. At The World Bank, she had a 25-year career as a development economist; rising to become Managing Director for Operations from 2007 to 2011. Okonjo-Iweala was the first Nigerian woman to serve two terms as Finance Minister of Nigeria; initially, under President Olusegun Obasanjo from 2003 to 2006; and secondly, under President Goodluck Jonathan from 2011 to 2015. Subsequently, from June to August 2006, she served as Minister for Foreign Affairs of Nigeria. In 2005, Euromoney named her Global Finance Minister of the Year.

Early life and education

Okonjo-I

Abstract

Ngozi Okonjo-Iweala is a heroine not just of Nigeria, where she is Finance Minister, but of the entire continent. Her crusade against corruption has put her life at risk.

The Finance Minister is fulsome in her apologies. “Sorry, it's my first day back in the country and I had to go and see the President. Even so, I do apologise for keeping you waiting.” It is an interesting example of the priorities of Mrs Ngozi Okonjo-Iweala, the woman who has been in charge of the finances of Nigeria for the past three years. First she spends more than a week at IMF/World Bank meetings in Washington, then she briefs her boss, but next she sets aside a couple of hours from a “crazy schedule” to talk to someone from the foreign press. Getting the message out about the change in Africa's most populous nation is pretty high on her “to do” list just now.

Full Text:

Dr. Ngozi Okonjo-Iweala is the seventh Director-General of the WTO. She took office on 1 March 2021, becoming the first woman and African to serve as Director-General.

Dr. Ngozi Okonjo-Iweala also served on The Rockefeller Foundation board of trustees in 2009.

Dr. Ngozi Okonjo-Iweala is former Minister of Finance for the Federal Republic of Nigeria, appointed in July 2011. She previously served as a Managing Director of the World Bank where she had oversight responsibility for the World Bank’s operational portfolio in Africa, South Asia and Europe and Central Asia. Dr. Okonjo-Iweala spearheaded several World Bank initiatives to assist low-income countries during both the food and later financial crisis. She is chaired the replenishment of over $40 billion for the International Development Association (IDA), the grant and soft credit arm of the World Bank.

From September 2006 to November 2007, she was Distinguished Visiting Fellow at Brookings Institution. From June to August 2006, she was Minister of Foreign Affairs of Nigeria, overseeing Nigeria’s External Relations; and from July 2003 to June 2006 she served a prior term as Minister of Finance and Economy of Nigeria and head of Nigeria’s much acclaimed Presidential Economic team responsible for implementing a comprehensive home-grown economic reform program that stabilized the macro-economy and tripled the growth rate to an average 6% per annum over three years.

Her achievements as Finance Minister garnered international recognition for improving Nigeria’s financial stability and fostering greater fiscal transparency to combat corruption. In October 2005, she led the Nigerian team that negotiated the cancellation of 60% of Nigeria’s external debt ($18 billion) with the Paris Club.  The debt deal also included an innovative buy-back mechanism that wiped out Nigeria’s Paris Club debt and reduced the country’s external indebtedness from $35 billion to $5 billion. Dr. Okonjo-Iweala ov