Categories: AfricaEditor's Picks

Minister Okonjo-Weala: Right Place at the Right Time

Ngozi Okonjo-Iweala, Minister of Finance, Nigeria

When Dr. Okonjo-Iweala departed the World Bank in 2011 to become Nigeria’s finance minister, she was managing director and second in charge. It was no surprise that in the following year her name appeared on a short-list for the WB presidency. She didn’t get the job but it is widely considered that she was by far the best candidate. At CFI.co we believe that the World Bank’s loss was Nigeria’s gain.

Okonjo-Iweala had also been finance minister (2003 – 2006) in an earlier administration. These were very different times and her crowning glory was in securing an $18 billion debt write-off from Nigeria’s creditors. She also ensured Nigeria’s first sovereign debt rating which resulted in significant foreign investment in the country.

“At CFI.co we believe that the World Bank’s loss was Nigeria’s gain.”

Nigeria is now experiencing strong economic growth and her challenge is to see that the distribution of its benefits is fair. Income inequality would hinder sustainable growth but CFI.co believes that this strong leader is in the right place at the right time. She is a fearless opponent of corruption in all its forms.

Ngozi Okonjo-Iweala is a world renowned economist but more than this a role model for all talented and ambitious women in Nigeria and throughout the continent of Africa. We also believe she has much more to offer the world.

CFI

Recent Posts

Lee Clow: The Enigma of Cool

He’s the laid-back surfer who redefined advertising, the enigmatic visionary behind Apple’s "1984" and "Think…

3 days ago

Rate Holds Dominate as Major Central Banks Navigate a Fragile Global Economy

Monetary policymakers from the world’s largest economies are opting to play a cautious hand. This…

7 days ago

“Mad Men”: A Retrospect – The Men, The Women, and the Martini-Soaked Magic of Madison Avenue

"Mad Men", the award-winning AMC drama, wasn't just television; it was a cultural phenomenon. More…

1 week ago

ASML and the Unrivalled Future of Semiconductor Lithography: Can Global Rivals Compete?

When contemplating the geopolitical chessboard of semiconductor manufacturing, the mind often drifts to the sprawling…

2 weeks ago

Welcome to the Correction: Wall Street Teeters Amid Trade Tensions

The S&P 500 officially entered correction territory this week, sliding over 10 percent from its…

2 weeks ago

Mary Wells Lawrence: The Woman Who Redefined Advertising

She shattered the glass ceiling of Madison Avenue, infusing it with bold creativity, glamour, and…

2 weeks ago