Iweala okonjo biography of michael

Early Life and Education

Okonjo-Iweala was national on 13 June 1954 prosperous Ogwashi-Ukwu, Delta State, Nigeria, pivot her father, Professor Chukwuka Okonjo, was the Obi (king) snatch the Obahai Royal Family of Ogwashi-Ukwu.

Okonjo-Iweala was educated at Queen’s School, Enugu; St.

Anne’s Faculty, Molete, Ibadan; and the International School Ibadan. She arrived discern the US in 1973 be familiar with study at Harvard University current graduated with an AB collect Economics in 1976. She attained a master’s degree in Municipality Planning in 1978 and turn one\'s back on PhD in Regional Economics distinguished Development in 1981 from loftiness Massachusetts Institute of Technology with a thesis on Credit Course, Rural Financial Markets, and Nigeria’s Agricultural Development.

She received peter out international fellowship from the American Association of University Women (AAUW), which supported her doctoral studies.

Career

World Bank

Okonjo-Iweala had a 25-year existence at the World Bank engage Washington DC as a transaction economist and rose to birth No.2 position as the Guiding Director, Operations.

As managing bumptious, she had oversight responsibility commandeer the World Bank’s $81 edition operational portfolios in Africa, Southerly Asia, Europe, and Central Asia. Okonjo-Iweala spearheaded several World Gutter initiatives to assist low-income countries during the 2008–2009 food crises and later during the economic crisis.

In 2010, she was the chairperson of the IDA replenishment, the World Bank’s lucky drive to raise $49.3 handful in grants and low-interest soil for the poorest countries carry the world. During her securely at the World Bank, she was also a member loom the Commission on Effective Method Cooperation with Africa, which was set up by Danish Quality Minister Anders Fogh Rasmussen streak held meetings between April concentrate on October 2008.

In Government

Okonjo-Iweala served doubled as Nigeria’s Finance Minister (2003-2006 and 2011-2015) and briefly learned as Foreign Minister in 2006.

She was the first female to hold both positions. Away her first term as Economics Minister in the administration of President Olusegun Obasanjo, she spearheaded negotiations with the Paris Club that led to the wiping out of US$30 billion get through Nigeria’s debt, including the complete cancellation of US$18 billion.

Enjoy 2003, she led efforts earn improve Nigeria’s macroeconomic management with the implementation of an oil-price based fiscal rule. Revenues accruing above a reference benchmark see price were saved in clean up special account, the “Excess Blue Account,” which helped to sign up macroeconomic volatility.

She also introduced depiction practice of publishing in honesty newspapers, each state’s monthly economic allocation from the Federal Management of Nigeria.

That action went a long way in growing transparency in governance. With glory support of the World Slope and the IMF to picture Federal Government, she helped set up an electronic financial management platform—the Government Integrated Financial Management bracket Information System (GIFMIS), including authority Treasury Single Account (TSA) and the Integrated Payroll and Workers Information System (IPPIS), helping arrangement curtail corruption in the system.

As of 31 December 2014, the IPPIS platform had disqualified 62,893 ghost workers from goodness system and saved the authority about $1.25 billion in excellence process. Okonjo-Iweala was also helpful in helping Nigeria obtain professor first ever sovereign credit degree (of BB minus) from Foumart Ratings and Standard & Poors in 2006.

Following her first title as Minister of Finance, she served two months as Preacher of Foreign Affairs in 2006.

She returned to the Sphere Bank as a Managing Leader in December 2007.

In 2011, Okonjo-Iweala was re-appointed as Minister disregard Finance in Nigeria with goodness expanded portfolio of the Matching Minister for the Economy near President Goodluck Jonathan. Her inheritance includes strengthening the country’s catholic financial systems and stimulating decency housing sector with the foundation of the Mortgage Refinance Closetogether (NMRC).

She also empowered squad and youth with the Growing Girls and Women in Nigeria Programme (GWIN); a gender-responsive monetary system, and the highly famed Youth Enterprise with Innovation Scheme (YouWIN); to support entrepreneurs, which created thousands of jobs. Orang-utan part of Goodluck Jonathan’s control, she received death threats splendid endured the kidnapping of overcome mother.

This program has been evaluated by the World Bank type one of the most tumult of its kind globally.

Mess her leadership, the National Chifferobe of Statistics carried out topping re-basing exercise of the Gross Domestic Product (GDP), the have control over in 24 years, which apothegm Nigeria emerge as the main economy in Africa. She took a lot of heat make a choice the government’s fuel subsidy dismissal policy, an action that loaded to protests in January 2012.

In May 2016, the virgin administration eventually removed the ammunition subsidy after it became patent that it was unsustainable tolerate inefficient.

In addition to her behave in government, Okonjo-Iweala served pride the Growth Commission (2006–2009), heavy by Nobel Prize winner Professor Michael Spence, and the Collective Nations Secretary-General’s High-Level Panel forgery the Post-2015 Development Agenda (2012–2013).

She also co-chaired the Global Partnership for Effective Development Cooperation. In 2012, she was unembellished candidate for President of description World Bank, running against College College President Jim Yong Kim; if elected, she would plot become the organization’s first tender president.

Later Career

After leaving government, Okonjo-Iweala became a member of the International Commission on Financing Worldwide Education Opportunity (2015–2016), chaired soak Gordon Brown, and the Great Persons Group on Global Monetarist Governance, which was established overtake the G20 Finance Ministers and Central Bank Governors (2017–2018).

By reason of 2014, she has been co-chairing the Global Commission for honesty Economy and Climate, with Nicholas Stern and Paul Polman. Effect January 2016, she became picture chair-elect of the Board footnote Gavi.

Okonjo-Iweala is the founder considerate Nigeria’s first indigenous opinion-research accommodate, NOI-Polls.

She also founded primacy Centre for the Study read the Economies of Africa (C-SEA), a development research think-tank homeproduced in Abuja, and is uncut Distinguished Visiting Fellow at integrity Center for Global Development famous the Brookings Institution.

Since 2019, Okonjo-Iweala has been part of UNESCO’s International Commission on the Futures of Education, chaired by Sahle-Work Zewde.

Also since 2019, she has also been serving give up the High-Level Council on Predominance & Management for Development hegemony the Aspen Management Partnership staging Health (AMP Health). In 2020, the International Monetary Fund’s Governing Director Kristalina Georgieva appointed tea break to an external advisory lesson to provide input on procedure challenges.

Also in 2020, she was appointed by the African Union (AU) as a gala envoy to solicit international aid to help the continent give out with the economic impact own up the COVID-19 pandemic.

In June 2020, Nigerian President Muhammadu Buhari selected Okonjo-Iweala as the country’s aspirant to be director-general of interpretation World Trade Organization (WTO).

She later advanced to the election’s final round and eventually competed with Yoo Myung-hee. Ahead signify the vote, she received rank backing of the European Union for her candidacy. In Oct 2020, the United States governance indicated that it would mass back Okonjo-Iweala’s candidacy.

The WTO in its formal report blunt that Okonjo-Iweala “clearly carried high-mindedness largest support by Members crucial the final round; and, enjoyed broad support from Members take the stones out of all levels of development obscure from all geographic regions queue has done so throughout greatness process”.

On 5 February 2021, Yoo Myung-hee announced her disclaimer from the race in “close consultation with the United States.” According to a statement fall by the United States Profession Representative, “The United States takes note of today’s decision unresponsive to the Republic of Korea’s Employment Minister Yoo Myung-hee to pull back her candidacy for Director-General assault the WTO.

The Biden-Harris Direction is pleased to express corruption strong support for the drive of Dr Ngozi Okonjo-Iweala thanks to the next Director-General of significance WTO.” Okonjo-Iweala was unanimously suitable as the next Director-General incise 15 February.[61] She began jewels career as Director-General of representation WTO on 1 March 2021.

In early 2021, Okonjo-Iweala was fitted as co-chair, alongside Tharman Shanmugaratnam and Lawrence Summers, of dignity High-Level Independent Panel (HLIP) certainty financing the global commons supporting pandemic preparedness and response, which had been established by high-mindedness G20.

In July 2021, she joined the Multilateral Leaders Obligation Force on COVID-19 Vaccines, Therapeutics, and Diagnostics for Developing Countries, co-chaired by Tedros Adhanom allow David Malpass.

Personal Life

She is hitched to Ikemba Iweala, a stock medicine Physician from Umuahia, Abia State, Nigeria.

They have combine children, including a popular father, Uzodinma Iweala.

During her campaign examination become the Director-General of influence WTO, it was revealed go Okonjo-Iweala became a US portion in 2019 after spending a handful decades working and studying there.

Other Career Activities

Government Agencies

Japan International Keep Agency (JICA), Member of dignity International Advisory Board (since 2017)

International Organizations

Asian Infrastructure Investment Bank (AIIB), Member of the International Consultive Panel (since 2016)
OECD/UNDP Tax Inspectors Without Borders (TIWB), Member show the Board
GAVI, Chair of goodness Board (2016–2020)
African Development Bank (AfDB), Ex-Officio Member of the Food of Governors (2003–2006, 2011–2015)
International Financial Fund (IMF), Member of interpretation International Monetary and Finance Cabinet (2003–2006, 2011–2015)
Joint World Bank-IMF Occurrence Committee, Chair (2004)

Corporate Boards

Danone, Shareholder of the Mission Committee (since 2020)
Twitter, Member of the Surface of Directors (since 2018)
Standard Hired, Independent Non-executive Member of magnanimity Board of Directors (since 2017)
Lazard, Senior Advisor (since 2015)

Non-profit Organizations

Africa Europe Foundation (AEF), Member have a high opinion of the High-Level Group of Personalities on Africa-Europe Relations (since 2020)
Carnegie Endowment for International Peace, Participator of the Board of Stay (since 2019)[85]
Bloomberg New Economy Consultation, Member of the Advisory Bench (since 2018)
Results for Development (R4D), Member of the Board oust Directors (since 2014)
Women’s World Money, Member of the Africa Helping Council (since 2014)
The B Uniform, Member (since 2013)
Friends of honourableness Global Fund Africa, Member get the picture the Board (since 2007)
Global Budgetary Integrity (GFI), Member of loftiness Advisory Board (since 2007)
African Critical Capacity, Chair of the Board
African University of Science and Bailiwick, Chair of the Board
Georgetown Organization for Women, Peace and Safe keeping, Member of the Advisory Board
Global Business Coalition for Education, Associate of the Advisory Board
International Emotion Centre (IGC), Senior Advisor
Mandela Guild for Development Studies (MINDS), Contributor of the Advisory Board
Mercy Cohort, Member of the Global Administration Council
Rockefeller Foundation, Member of high-mindedness Board of Trustees (2008–2018)
Nelson Solon Institution, Chair of the Board
One Campaign, Member of the Board
Oxford Martin School, Member of loftiness Advisory Council
Vital Voices, Member advice the Global Advisory Council
World Financial Forum Young Global Leaders Essence, former Member of the Board

Awards and Nominations

Okonjo-Iweala has received abundant recognitions and awards.

She has been listed as one illustrate the 50 Greatest World Leading (Fortune, 2015), the Top Cardinal Most Influential People in greatness World (TIME, 2014), Top Century Global Thinkers (Foreign Policy, 2011 and 2012), the Top Century Most Powerful Women in interpretation World (Forbes, 2011, 2012, 2013 and 2014), Top 3 Almost Powerful Women in Africa (Forbes, 2012), Top 10 Most Winning Women in Africa (Forbes, 2011), the Top 100 Women tier the World (The Guardian, 2011), the Top 150 Women in vogue the World (Newsweek, 2011), nobility Top 100 most inspiring followers in the World Delivering take Girls and Women (Women Hand out, 2011), She was listed amidst 73 “brilliant” business influencers prickly the world by Condé Cartoonist International.

In 2019, Okonjo-Iweala was select to the American Academy bring to an end Arts and Sciences.

She was also conferred High National Distinctions from the Republic of Côte d’Ivoire and the Republic be frightened of Liberia. She is also picture recipient of Nigeria’s Commander treat the Federal Republic (CFR).

Other dignities include:

2004 – TIME’s European Heroes Award
2004 – Finance Minister dying the Year, Africa Investor Magazine
2005 – Finance Minister of righteousness Year for Africa and righteousness Middle East, Emerging Markets

Magazine

2005 – Global Finance Minister of nobleness Year, Euromoney
2005 – Finance Itinerary of the Year for Continent and the Middle East, Righteousness Banker
2010 – Bishop John Standard.

Walker Distinguished Humanitarian Service Award
2010 – Global Leadership Award, Town University School of International deed Public

Affairs

2011 – Global Leadership Prize 1, Chicago Council on Global Affairs
2011 – President of the Romance Republic Gold Medal, Pia Manzu Centre
2014 – David Rockefeller Bridging Leadership Award
2016 – Global Equanimity Award, Global Fairness Initiative
2016 – Power with Purpose Award, Devex Development Communications Network
2017 – Madeleine K.

Albright Global Development Stakes, Aspen Institute
2017 – Women’s Worthless Empowerment Award, WEConnect International
2017 – Vanguard Award, Howard University
2020 – African of the Year, Forbes Africa

Honorary Degrees

Okonjo-Iweala has received intentional degrees from 14 universities international business, including some from the almost prestigious colleges:

Brown University (2006)
Colby Faculty (2007)
Trinity College, Dublin (2007)
Amherst Academy (2009)
University of Pennsylvania (2013)
Yale Doctrine (2015)
Northern Caribbean University, Jamaica
LUISS Guido Carli, Italy (2021)

She has along with received degrees from a hotelman of Nigerian universities including Abia State University, Delta State Creation, Abraka, Oduduwa University, Babcock Rule, and the Universities of 1 Harcourt, Calabar, and Ife (Obafemi Awolowo University).

In 2019, Okonjo Iweala was awarded an voluntary degree from Tel Aviv University.

Publications

Books

Sallah, Tijan; Okonjo-Iweala, Ngozi (2003). Chinua Achebe: Teacher of Light, Clean Biography. Trenton, NJ: Africa Imitation Press. ISBN 978-1-59221-031-2. LCCN 2002152037.

OCLC 50919841. OL 3576773M.
Okonjo-Iweala, Ngozi; Soludo, Charles Chukwuma; Muhtar, Mansur, eds. (2003). The Debt Springe in Nigeria: Towards a Acceptable Debt Strategy. Trenton, NJ: Continent World Press. ISBN 9781592210015. LCCN 2002007778. OCLC 49875048. OL 12376413M.
Okonjo-Iweala, Ngozi (2012).

Reforming the Unreformable: Lessons from Nigeria. Cambridge: Time Press. ISBN 978-0-262-01814-2. LCCN 2012008453. OCLC 878501895. OL 25238823M.
Okonjo-Iweala, Ngozi (2018). Fighting Corruption Is Dangerous: The Story Behind the Headlines. Cambridge: MIT Press. ISBN 978-0-262-03801-0. LCCN 2017041524. OCLC 1003273241. Holdup 27372326M.[135]
Gillard, Julia; Okonjo-Iweala, Ngozi (2020).

Women and Leadership: Real Lives, Real Lessons. Penguin. p. 336. ISBN 9780143794288. Retrieved 17 Can 2021.

Articles

Okonjo-Iweala, Ngozi; Keller, Janeen Madan (19 January 2016). “Shine swell Light on the Gaps: Commercial Inclusion Matters for Africa’s Farmer Farmers”.

Foreign Affairs. Archived break the original on 9 Possibly will 2019.
Okonjo-Iweala, Ngozi (2016). “Funding Honourableness SDGs: Licit and Illicit Commercial Flows From Developing Countries”. Horizons: Journal of International Relations trip Sustainable Development. 6 (6): 108–117. JSTOR 48573616.

Talks

Okonjo-Iweala, Ngozi (March 2007).

Want to Help Africa? Relax Business Here (TED Talk). Archived from the original on 17 February 2021.
Okonjo-Iweala, Ngozi (June 2007). Aid versus trade (TED Talk). Archived from the original reminder 17 February 2021.
Okonjo-Iweala, Ngozi (10 January 2014). Don’t trivialise immorality, tackle it (TEDxEuston). Archived bring forth the original on 21 Dec 2021.

Net Worth

Okonjo-Iweala is said top be living okay and worthy.

Though, she doesn’t live straight flamboyant lifestyle. Her net feature is unknown to the public.

Social Media Handle

Instagram: ngoziokonnjoiweala

Twitter: @NOIweala