OKONJO-IWEALA, Dr. Ngozi

Born June 13, 1954
Dr

OKONJO-IWEALA

Ngozi

– 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 (2003-2006, 2011-2015) and also served as the Managing Director of the World Bank (2007 -2011). 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 2012, 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, 2018, Dr Ngozi Okonjo-Iweala was named on the Board of Twitter Inc.
Gender: Female
Marital Status
  • Married
Name of Spouse Dr. Ikemba Iweala
State of Origin: Ogwashi-Ukwu, Delta State
Father's Name Professor Chukwuka Okonjo
Father's Status N/A
Mother's Name Kamene Okonjo
Mother's Status N/A
Number of Male Children 3
Number of Female Children 1

– Onyinye
– Uzodinma
– Ikechukwu
– Uchechi

Profession Renowned Economist
Working Experience

Member, South Africa Advisory Council

Previous Appointments:

– Development Economist, World Bank;

– Member, International Monetary and Finance Committee of the IMF, 2003-2006;

– Vice President and Corporate Secretary, World Bank;

– Director of Operations in the Middle East and North Africa region, World Bank;

– Country Director, South East Asia and Mongolia Country unit, World Bank;

– Minister of Finance, Nigeria, July 2003- June 2006;

– Chairperson, World Bank’s Development Committee, 2004;

– Minster of Foreign Affairs, Nigeria, June 2006 – August 2006;

– Managing Director, World Bank, 2007-2011;

– Member, International Monetary and Finance Committee of the IMF, 2011-2015;

– Member, Danish-Government-led Commission on Africa;

– Member, World Economic Forum Global Leadership Council on Transparency and Corruption;

– Member, The Renowned Commission on World Growth, led by Nobel Prize winner Professor Michael Spence;

– Member, Advisory Board, Clinton Global Initiative;

– Member, Advisory Board, ONE Foundation

– Coordinating Minister for the Economy and Minister of Finance, Nigeria, August 2011- May 2015;

– Chairman, Nigeria Mortgage Refinance Company Plc until May 26, 2015;

– Member, United Nations’ Secretary General’s High-Level Panel on the Post-2015 Development Agenda and the New Climate Economy;

– Member, Board of Governors at African Development Bank;

-Co-Chair, Global Partnership for Effective Development Cooperation;

St. Anne's School, Molete, Ibadan, Oyo State; The International School, Ibadan, Oyo State; Harvard University, USA, 1976; Massachusetts Institute of Technology (MIT), USA, 1981.
Tertiary
N/A

SOME OF DR NGOZI OKONJO-IWEALA’S AWARDS AND HONOURS INCLUDE:
– International Fellowship from the American Association of University Women (AAUW)
– Time Magazine European Hero, 2004;
– This Day Nigeria Minister of the Year 2004 and 2005;
– Euromoney Magazine Global Finance Minister of the year 2005;
– Financial Times/The Banker African Finance Minister of the year 2005;
– Emerging Markets Magazine, Finance Minister of the Year for Africa and the Middle East, 2005;
– Nigerian of the Year 2006;
– Named one of the World’s 50 Greatest Leaders by Fortune;
– Condé Nast International Business Intelligence Magazine, 73 “brilliant” business influencers in the world, 2008;
– Bishop John T. Walker Distinguished Humanitarian Service Award, 2010;
– THISDAY, 50 Most Notable Nigerians Who Have Contributed the Most to 50 Years of Nigerian Development, 2010;
– Columbia University School of International and Public Affairs, Global Leadership Award, 2010;
– Named one of the 100 most powerful women in the world (for 5 years consecutively since 2011) by Forbes;
– Forbes Magazine, 10 Most Influential Women in Africa, 2011;
– The Guardian UK Newspaper, 100 Women in the World, 2011;
– Newsweek Magazine, Top 150 Women in the World, 2011;
– President of the Italian Republic Gold Medal by the Pia Manzu Centre, 2011;
– Women Deliver, 100 most inspiring people in the World Delivering for Girls and Women, 2011;
– Who’s Who in Anioma, 2011;
– Foreign Policy, 100 Global Thinkers, 2011;
– Foreign Policy, 100 Global Thinkers, 2012;
– Named one of the three most powerful women in Africa by Forbes, 2012;
– Silverbird Woman of the Year award in 2012;
– Named one of the 100 most influential people in the world by Times, 2014;
– David Rockefeller Bridging Leadership Award, 2014;
– Finance Minister of the year by Africa Investor Magazine, 2014;
– Fortune,50 Greatest World Leaders, 2015;
– Devex, Women Power with Purpose, 2016;

SOME OF DR NGOZI OKONJO-IWEALA’S PUBLICATIONS INCLUDE:
– Chinua Achebe: Teacher of Light – a biography of Nigerian author Chinua Achebe, co-authored with Tijan Sallah, published by Africa World Press, (2003).

– The Debt Trap in Nigeria: Towards a Sustainable Debt Strategy – an academic piece, co-edited with Charles C. Soludo and Mansur Muhtar, published by Africa World Press, (2003).

– Reforming The Unreformable: Lessons From Nigeria – an account of Ngozi’s work under Obasanjo’s administration between 2003 – 2007, published by MIT Press, (2012).

– Shine a Light on the Gaps – an essay on financial inclusion for African Small Holder Farmers, co-authored with Janeen Madan, published by Foreign Affairs (2015).

– Funding the SDGs: Licit and Illicit Financial Flows from Developing Countries, published by Horizons Magazine (2016).

-Fighting Corruption is Dangerous – The Story behind the Headlines (2018).

TALKS:
– Want to Help Africa? Do Business Here – A Ted Talk delivered March 2007.
– Aid Versus Trade – A Ted Talk delivered June 2007.
– Don’t Trivialise Corruption, Tackle It – A Tedx Euston Talk delivered January 2013.

DR NGOZI OKONJO-IWEALA HAS RECEIVED HONORARY DEGREES FROM:
– Brown University, Providence, RI, USA (Honorary Doctorate of Laws), (2006);
– Colby College, Maine, USA (2007);
– Trinity College, Dublin, Ireland (2007);
– Amherst College, Amherst, MA, USA (2009);
– University of Pennsylvania, Philadelphia PA, USA (2013);
– Babcock University, Ilishan-remo, Ogun State (2014);
– Abia State University, Uturu, Abia State;
– Oduduwa University, Ile-Ife, Osun State;
– University of Port Harcourt, Rivers State;
– Obafemi Awolowo University, Ife, Osun State;
– Yale University, New Haven, Connecticut, USA (2015);
– Northern Caribbean University, Mandeville, Jamaica (Honorary Doctorate of Humane Letters).

DR. NGOZI OKONJO-IWEALA IS A MEMBER OF NUMEROUS BOARDS AND ADVISORY GROUPS. SOME OF THEM INCLUDE:
– The Rockefeller Foundation
– The University of Oxford’s Blavatnik School of Government’s International Advisory Board
– The Harvard University Advisory Council
– The University of Oxford Martin School’s Advisory Council
– The Asian Infrastructure Investment Bank International Advisory Panel
– The International Commission on Financing Global Education (Chaired by Gordon Brown)
– The African Institutes of Science and Technology
– Friends of the Global Fund Africa
– The Center for Global Development
– G20 Eminent Persons Group reviewing Global Financial Governance
– The Mercy Corp Global Leadership Council
– The Women’s World Banking
– Results for Development Institute
– The World Economic Forum Young Global Leaders Foundation
– The B Team (Co-chaired by Sir Richard Branson)
– The Commission on the New Climate Economy (co-Chaired by President Felipe Calderon and Lord Nicholas Stern)
– The Global Development Network

Dr Ngozi Okonjo-Iweala introduced the practice of publishing each state’s monthly financial allocation from the Federal Government of Nigeria in the newspapers. This action went a long way in increasing transparency in governance. With the support of the World Bank and the IMF to the Federal Government of Nigeria, 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 (IPPIS), helping to curtail corruption in the process.

Dr Ngozi Okonjo-Iweala is the founder of Nigeria’s first indigenous opinion-research organization, NOI-Polls. She also founded the Center for the Study of Economies of Africa (C-SEA), a development research think tank based in Abuja, Nigeria. She headed the Growing Girls and Women in Nigeria Programme (GWIN) and the Youth Enterprise with Innovation programme (You WIN). The programme developed many entrepreneur creating thousands of jobs. She is a Member of the Governing Council of Nigeria Sovereign Investment Authority in which capacity she provides advice and counsel to the Board of Directors.

Dr Ngozi Okonjo-Iweala is a Distinguished Visiting Fellow at the Center for Global Development and the Brookings Institution. She is also an ambassador of the Open Government Partnership.

Dr Ngozi Okonjo-Iweala is employed with Asian Infrastructure Investment Bank and is also an Adviser to World Bank on the Stolen Assets Recovery initiative.

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