In This Biography
Ngozi Okonjo Iweala Biography And Net Worth, Age, Husband, State, Education, Career.
Ngozi Okonjo Iweala Profile
|Full Name:||Ngozi Okonjo Iweala|
|State Of Origin:||Delta State, Nigeria|
|Date Of Birth:||13 June, 1954|
|Age:||68 @ 2022|
|Qualifications:||Doctorate Degree….. e.t.c|
|Nationality:||Nigeria – America|
|Children:||Four (4) Children|
|Father:||Prof. Chukwuka Okonjo|
Ngozi Okonjo Iweala Biography
The World Trade Organization Director General, Ngozi Okonjo Iweala was born on 13 June 1954 in Delta State, Nigeria. she is the daughter of Prof. Chukwuka Okonjo, who was the Obi of Obahai Royal Family of Ogwashi-Ukwu. She will be 68 years old at the month of writing this post 13 June 2022.
Who is Ngozi Okonjo Iweala
She is an economist, fair trade leader, environmental sustainability campaigner, human welfare advocate, sustainable finance maven, and global development specialist of Nigerian and American-Nigerian descent.
She is presently the Director-General of the World Trade Organization and is known as Okonjo-Iweala. She is the first African and first woman to serve as Director-General of the World Trade Organization.
Ngozi Okonjo Iweala State Of Origin
Ngozi Okonjo Iweala is from which State? she is from Delta State, South-South Geopolitical zone of Nigeria.
Ngozi Okonjo Iweala Age – Date Of Birth
How Old Is Ngozi Okonjo Iweala? she will be 68 years old at the month and year of writing this post, 13 June, 2022. She was born on 13 June, 1954 in Delta State.
Ngozi Okonjo Iweala Husband – Children
Ikemba Iweala, a family medicine physician from Umuahia, Abia State, Nigeria, is her husband. Uzodinma Iweala, a well-known author, is one of their four children.
Ngozi Okonjo Iweala Nationality
Ngozi Okonjo Iweala Is From Which Country? She is from Nigeria, born in Delta State, where her Father was the Obi of Obahai Royal Family of Ogwashi-Ukwu, in the State.
Ngozi Okonjo Iweala As Citizen Of America (Economic Citizenship)
During her candidacy for the Director-General of the World Trade Organization, Okonjo-Iweala announced that she became a US citizen in 2019 after spending decades working and studying in the US.
Ngozi Okonjo Iweala Parents – Father And Mother
Who is Ngozi Okonjo Iweala Father? Her parent is all from the same country, state, and town in Delta State, Nigeria. Her father was the former Obi (King) of Obahai Royal Family of Ogwashi-Ukwu in the State.
Educational Background And Qualification
She holds degrees from Abia State University, Delta State University, Abraka, Oduduwa University, Babcock University, and the Universities of Port Harcourt, Calabar, and Ife, among others (Obafemi Awolowo University). Tel Aviv University bestowed an honorary degree to Okonjo Iweala in 2019. Ngozi Okonjo Iweala highest Qualification is Doctorate Degree.
Ngozi Okonjo Iweala Career
World Bank: Okonjo-Iweala worked for the World Bank in Washington, DC for 25 years as a development economist, rising to the position of Managing Director, Operations. She was in charge of the World Bank’s $81 billion operating portfolios in Africa, South Asia, Europe, and Central Asia as managing director.
During the 2008–2009 food crises and later during the financial crisis, Okonjo-Iweala spearheaded several World Bank initiatives to assist low-income countries. She chaired the IDA replenishment in 2010, the World Bank’s successful effort to raise $49.3 billion in grants and low-interest credit for the world’s poorest countries.
During her time at the World Bank, she was also a member of Danish Prime Minister Anders Fogh Rasmussen’s Commission on Effective Development Cooperation with Africa, which met from April to October 2008.
In The Public Sector (Government): Okonjo-Iweala served as Nigeria’s Finance Minister twice (from 2003 to 2006 and again from 2011 to 2015), as well as briefly as Foreign Minister in 2006. She was the first woman to hold both of these positions at the same time.
During President Olusegun Obasanjo’s first term as Finance Minister, she led negotiations with the Paris Club that resulted in the cancellation of US$30 billion in Nigerian debt, including an outright cancellation of US$18 billion.
She led efforts to improve Nigeria’s macroeconomic management in 2003, including the implementation of a fiscal rule based on oil prices. Exceeding a reference benchmark oil price, revenues were saved in a special account known as the “Excess Crude Account,” which helped to reduce macroeconomic volatility.
She also introduced the practice of each state’s monthly financial allocation from the Federal Government of Nigeria being published in the newspapers. That action went a long way toward increasing governance transparency.
She assisted the Federal Government in developing an electronic financial management platform, the Government Integrated Financial Management and Information System (GIFMIS), which included the Treasury Single Account (TSA) and the Integrated Payroll and Personnel Information System (IPPIS), with the help of the World Bank and the IMF, helping to reduce corruption in the process.
The IPPIS platform had removed 62,893 ghost workers from the system as of December 31, 2014, saving the government $1.25 billion in the process. In 2006, Okonjo-Iweala played a key role in assisting Nigeria in obtaining its first ever sovereign credit rating (BB minus) from Fitch Ratings and Standard & Poors.
Following her first stint as Finance Minister, she served as Minister of Foreign Affairs for two months in 2006. In December 2007, she returned to the World Bank as a Managing Director.
President Goodluck Jonathan re-appointed Okonjo-Iweala as Minister of Finance of Nigeria in 2011, with the additional position of Coordinating Minister for the Economy. Her legacy included the founding of the Mortgage Refinance Corporation, which strengthened the country’s public financial infrastructure and stimulated the housing market (NMRC).
With the Growing Girls and Women in Nigeria Programme (GWIN), a gender-responsive budgeting system, and the highly acclaimed Youth Enterprise with Innovation Programme (YouWIN), she also empowered women and youth, creating thousands of jobs. She got death threats and saw her mother’s kidnapping while serving in Goodluck Jonathan’s administration.
The World Bank has rated here program as one of the most effective of its kind in the world. Under her leadership, the National Bureau of Statistics undertook the first re-basing of the Gross Domestic Product (GDP) in 24 years, resulting in Nigeria becoming Africa’s largest economy.
She drew a lot of fire over the government’s strategy of removing fuel subsidies, which sparked protests in January 2012. After it became clear that the fuel subsidy was unsustainable and inefficient, the new administration removed it in May 2016.
In addition to her government work, Okonjo-Iweala served on the Nobel Laureate Professor Michael Spence’s Growth Commission (2006–2009) and the United Nations Secretary-High-Level General’s Panel on the Post-2015 Development Agenda (2012–2013).
She was also a member of the Global Partnership for Effective Development Cooperation, which she co-chaired. She ran for President of the World Bank in 2012, against Dartmouth College President Jim Yong Kim, and would have been the organization’s first female president if elected.
More on Her Career
Okonjo-Iweala joined the International Commission on Financing Global Education Opportunity (2015–2016), chaired by Gordon Brown, and the Eminent Persons Group on Global Financial Governance, established by the G20 Finance Ministers and Central Bank Governors (2017–2018). She has co-chaired the Global Commission on the Economy and Climate Change with Nicholas Stern and Paul Polman since 2014. She was elected chair-elect of the Gavi Board of Directors in January 2016.
NOI-Polls, Nigeria’s first indigenous opinion-research organization, was founded by Okonjo-Iweala. She is also a Distinguished Visiting Fellow at the Center for Global Development and the Brookings Institution, as well as the founder of the Centre for the Study of the Economies of Africa (C-SEA), a development research think tank based in Abuja.
Okonjo-Iweala has been a member of UNESCO’s International Commission on the Futures of Education, which is chaired by Sahle-Work Zewde, since 2019. She has also been a member of the Aspen Management Partnership for Health’s High-Level Council on Leadership and Management for Development since 2019. (AMP Health).
Kristalina Georgieva, the Managing Director of the International Monetary Fund, appointed her to an external advisory group in 2020 to provide input on policy challenges. She was also named a special envoy by the African Union (AU) in 2020 to seek international assistance to help the continent deal with the economic impact of the COVID-19 pandemic.
Nigerian President Muhammadu Buhari nominated Okonjo-Iweala to be the country’s candidate for World Trade Organization Director-General in June 2020. (WTO). She went on to compete against Yoo Myung-hee in the final round of the election.
She received the European Union’s support for her candidacy ahead of the vote. The US government stated in October 2020 that it would not support Okonjo-candidacy. Iweala’s Okonjo-Iweala “clearly carried the largest support by Members in the final round; and, has enjoyed broad support from Members from all levels of development and from all geographic regions and has done so throughout the process,” according to the WTO’s formal report.
Yoo Myung-hee announced her resignation from the race on February 5, 2021, after “deep consultation with the United States.” “The United States takes note of the Republic of Korea’s Trade Minister Yoo Myung-decision hee’s to withdraw her candidacy for Director-General of the World Trade Organization today,” the US Trade Representative said in a statement.
The Biden-Harris Administration is happy to announce its strong support for Dr. Ngozi Okonjo-nomination Iweala’s for the next Director-General of the World Trade Organization.” On February 15, Okonjo-Iweala was overwhelmingly elected as the next Director-General.  On March 1, 2021, she took over as Director-General of the World Trade Organization.
In early 2021, Okonjo-Iweala was named co-chair of the G20-established High-Level Independent Panel (HLIP) on financing the global commons for pandemic preparedness and response, alongside Tharman Shanmugaratnam and Lawrence Summers. She joined Tedros Adhanom and David Malpass’s Multilateral Leaders Task Force on COVID-19 Vaccines, Therapeutics, and Diagnostics for Developing Countries in July 2021.
- Japan International Cooperation Agency (JICA), Member of the International Advisory Board (since 2017)
- Asian Infrastructure Investment Bank (AIIB), Member of the International Advisory Panel (since 2016)
- International Monetary Fund (IMF), Member of the International Monetary and Finance Committee (2003–2006, 2011–2015)
- Joint World Bank-IMF Development Committee, Chair (2004)
- African Development Bank (AfDB), Ex-Officio Member of the Board of Governors (2003–2006, 2011–2015)
- OECD/UNDP Tax Inspectors Without Borders (TIWB), Member of the Board
- GAVI, Chair of the Board (2016–2020)
- Danone, Member of the Mission Committee (since 2020)
- Twitter, Member of the Board of Directors (since 2018)
- Standard Chartered, Independent Non-executive Member of the Board of Directors (since 2017)
- Lazard, Senior Advisor (since 2015)
- Africa Europe Foundation (AEF), Member of the High-Level Group of Personalities on Africa-Europe Relations (since 2020)
- Women’s World Banking, Member of the Africa Advisory Council (since 2014)
- The B Team, Member (since 2013)
- Friends of the Global Fund Africa, Member of the Board (since 2007)
- Global Financial Integrity (GFI), Member of the Advisory Board (since 2007)
- African Risk Capacity, Chair of the Board
- African University of Science and Technology, Chair of the Board
- Georgetown Institute for Women, Peace and Security, Member of the Advisory Board
- Global Business Coalition for Education, Member of the Advisory Board
- International Growth Centre (IGC), Senior Advisor
- Mandela Institute for Development Studies (MINDS), Member of the Advisory Board
- Carnegie Endowment for International Peace, Member of the Board of Trustees (since 2019)
- Bloomberg New Economy Forum, Member of the Advisory Board (since 2018)
- Results for Development (R4D), Member of the Board of Directors (since 2014)
- Mercy Corps, Member of the Global Leadership Council
- Rockefeller Foundation, Member of the Board of Trustees (2008–2018)
- Nelson Mandela Institution, Chair of the Board
- One Campaign, Member of the Board
- Oxford Martin School, Member of the Advisory Council
- Vital Voices, Member of the Global Advisory Council
- World Economic Forum Young Global Leaders Foundation, former Member of the Board
Ngozi Okonjo Iweala Net Worth
Okonjo-Iweala is said to be in good health. She does not, however, lead a showy lifestyle. Her net worth is a mystery to the general public.
Ngozi Okonjo Iweala Publications
- Okonjo-Iweala, Ngozi (March 2007). Want to Help Africa? Do 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 on 17 February 2021.
- Okonjo-Iweala, Ngozi (10 January 2014). Don’t trivialize corruption, tackle it (TEDxEuston). Archived from the original on 21 December 2021.
- Sallah, Tijan; Okonjo-Iweala, Ngozi (2003). Chinua Achebe: Teacher of Light, A Biography. Trenton, NJ: Africa World 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 Trap in Nigeria: Towards a Sustainable Debt Strategy. Trenton, NJ: Africa World Press. ISBN 9781592210015. LCCN 2002007778. OCLC 49875048. OL 12376413M.
- Okonjo-Iweala, Ngozi (2012). Reforming the Unreformable: Lessons from Nigeria. Cambridge: MIT 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. OL 27372326M.
- Gillard, Julia; Okonjo-Iweala, Ngozi (2020). Women and Leadership: Real Lives, Real Lessons. Penguin. p. 336. ISBN 9780143794288. Retrieved 17 May 2021.
Ngozi Okonjo Iweala Articles
- Okonjo-Iweala, Ngozi; Keller, Janeen Madan (19 January 2016). “Shine a Light on the Gaps: Financial Inclusion Matters for Africa’s Smallholder Farmers”. Foreign Affairs. Archived from the original on 9 May 2019.
- Okonjo-Iweala, Ngozi (2016). “Funding THE SDGs: Licit and Illicit Financial Flows From Developing Countries”. Horizons: Journal of International Relations and Sustainable Development. 6 (6): 108–117. JSTOR 48573616.
Nominations and Awards
Okonjo-Iweala has won numerous awards and accolades. She has been named one of the 50 Greatest World Leaders (Fortune, 2015), one of the Top 100 Most Influential People in the World (TIME, 2014), and one of the Top 100 Global Thinkers (Foreign Policy, 2011 and 2012), one of the Top 100 Most Powerful Women in the World (Forbes, 2011, 2012, 2013, and 2014), one of the Top 3 Most Powerful Women in Africa (Forbes, 2012), one of the Top 10 Most Influential Women in Africa (Forbes
Okonjo-Iweala was inducted into the American Academy of Arts and Sciences in the year 2019. High National Honours were also bestowed upon her by the Republic of Côte d’Ivoire and the Republic of Liberia. She was also given the title of Commander of the Federal Republic of Nigeria (CFR).
Other distinctions include:
- TIME’s European Heroes Award, 2004
- Africa Investor Magazine named her Finance Minister of the Year in 2004.
- 2005 – Emerging Markets Finance Minister of the Year for Africa and the Middle East
- Euromoney named her Global Finance Minister of the Year in 2005.
- The Banker named her Finance Minister of the Year for Africa and the Middle East in 2005.
- The Bishop John T. Walker Distinguished Humanitarian Service Award was presented in 2010.
- Columbia University School of International and Public Affairs awarded her the Global Leadership Award in 2010.
- 2011 – Chicago Council on Global Affairs Global Leadership Award
- Pia Manzu Centre received the President of the Italian Republic Gold Medal in 2011.
- The David Rockefeller Bridging Leadership Award was given in 2014.
- Global Fairness Award, Global Fairness Initiative (Global Fairness Award, Global Fairness Initiative) (Global Fairness Initiative) (Global Fairness Initiative
- Devex Development Communications Network’s Power with Purpose Award, 2016.
- Aspen Institute’s Madeleine K. Albright Global Development Award, 2017.
- WEConnect International’s 2017 Women’s Economic Empowerment Award
- 2017 – Howard University’s Vanguard Award
- Forbes Africa’s African of the Year for 2020
- Okonjo-Iweala has been awarded honorary degrees by 14 universities around the world, including some of the world’s most prestigious institutions:
- Brown University is a private university in Providence, Rhode (2006)
- Colby College is a small liberal arts college in Maine (2007)
- Dublin’s Trinity College (2007)
- Amherst College is a liberal arts college in Amherst (2009)
- The University of Pennsylvania is located in Philadelphia, Pennsylvania (2013)
- Yale University is a private university in New Haven (2015)
- Jamaica’s Northern Caribbean University
- Guido Carli, LUISS, Italy (2021)
She also holds degrees from Abia State University, Delta State University, Abraka, Oduduwa University, Babcock University, and the Universities of Port Harcourt, Calabar, and Ife, among others (Obafemi Awolowo University). Tel Aviv University bestowed an honorary degree to Okonjo Iweala in 2019.