Ngozi Okonjo-Iweala: More Laurels for Africa’s Most Creative Woman

By Eric Elezuo

There seems to be no end to the flow of awards, honours and laurels coming the way of one of Africa’s living legends among women, Dr. Ngozi Okonjo-Iweala, who is the Director General of the World Trade Organization, as a result of her leadership qualities, exemplary lifestyle and societal impact.

Only last week in far away Davos, the Nigerian export to the world, and former Co-ordinating Minister of the Economy, was named and crowned the ThisDay Woman of the Year for obvious reasons.

According to the Editor-in-chief of ThisDay and Arise News,  Prince Nduka Obaigbena, while presenting the award, Okonjo-Iweala qualifies as “an uncommon African who is carrying the African flag around the world showing that the African century is upon us.”

He noted that the reason behind the choice of the former Nigerian Finance Minister lies in her exceptional leadership and strategic vision for the future of the WTO which saw her recent reappointment for a second term.

“To the glory of God, it is an honour and privilege in Davos today, to present on behalf of the audiences of ARISE News Channel around the world and readers of THISDAY Newspapers in commemorating our 30th anniversary, to present our 2024 ‘Woman of the Year’ award to an uncommon African, who is carrying the African flag around the world, showing that the African century is upon us. It is a privilege to present our 2024 Woman of the Year award to the head of the World Trade Organisation, Ngozi Okonjo-Iweala,” Obaigbena had said while making the presentation.

Okonjo-Iweala, who is not new to awards, even with the ThisDay organisational, applauded the honours noted that “…this is very, very, very special and I promise you I don’t take it lightly.

“I’ll continue to do my best to try and represent the country, and the continent the best way I can, and to make sure that the dividends of development also flow our way.”

Madam DG’s trajectory in the journey of administration has been phenomenal, and laddened with special touches of creativity, which has consistently placed her on the pedestal of greatness.

While looking forward to celebrate 71 on June 13, Okonjo-Iweala cannot help but accommodate the outpouring of affection and respect that have trailed her performances in all offices she has occupied so far. This underscores her significant influence in global affairs and her role as a respected figure on the world stage, and serving as a reminder of the personal connections and goodwill she has fostered worldwide. She certainly deserves every accolade.

Humble and family oriented, the face of African standard is a woman full of appreciation, and do not hesitate to put her in the forefront, irrespective of her humongous achievements.

She once expressed thus: “I consider myself blessed to have a loving husband, family, friends, and well-wishers! All Glory and Thanks to God!”

Okonjo-Iweala, who for the seventh time in her meritorious career, was recognised, and named one of Forbes’s World’s 100 Most Powerful Women in 2023, is an accomplished financial expert, a former Foreign Affairs Minister, who is fond and proud of her traditional ankara attire.

It is worthy of note that Forbes is an American business magazine owned by Integrated Whale Media Investments and the Forbes family with a particular focus on business, technology, communications, science, politics, and law.

According to Forbes’ 20th annual ranking of 2024, the distinguished Nigerian Economist holds the 87th spot, moving up four spots, and surpassing South African businesswoman, Mpumi Madisa, who stands at 88th.

Okonjo-Iweala also beat Tanzanian President, Samia Hassan, who made her debut on the list at the 93rd position, alongside Nigerian media mogul and philanthropist Mo Abudu at the 98th. Her position bestowed on her the status of the most powerful woman in Africa.

Topping the powerful woman chart, however, is Ursula von der Leyen, President of the European Commission for Impactful Policy and Budget, while Christine Lagarde, European Central Bank President, secures the second spot, with U.S. Vice President Kamala Harris following closely in third place.

Okonjo-Iweala, who shattered barriers in 2021 as the first woman and the first African Director-General of the WTO, is celebrated for her remarkable career at the World Bank, and impactful economic reforms in Nigeria.

Her recognition on Forbes’ list underscores not only her significant contributions to global trade but also her commitment to economic development, governance, and international leadership.

In 2022, “The World Trade Organization head Ngozi Okonjo-Iweala, made the No. 91 of 100 powerful women in the world, and continues to play a crucial role in providing financial assistance and promoting global trade as the threat of a global recession rises.

A statement from Forbes added that Okojo-Iweala is “an economist and international development professional with more than 30 years of experience working in Asia, Africa, Europe, Latin America and North America.”

Also in 2021, Okonjo-Iweala was recognized by another media platform, Time magazine as one of the world’s most influential people for the year under review.

“In March 2021, she became first woman and the first African to serve as Director-General of the World Trade Organization.

“She has said she believes in the power of trade to lift developing countries out of poverty help them achieve sustainable development.

“Earlier in her career, Okonjo-Iweala served two terms as Nigeria’s Finance Minister, from 2003-2006 and 2011-2015; she also briefly served as Foreign Minister in 2006.

“She was also Chair of the Board of Gavi, the Vaccine Alliance that has immunized 760 million children globally.”

According to Wikipedia, Okonjo-Iweala was born on June 13, 1954 in Ogwashi-Ukwu, Delta State, Nigeria where her father Professor Chukwuka Okonjo is the Eze (King) from the Obahai Royal Family of Ogwashi-Ukwu.

Okonjo-Iweala was educated at Queen’s School, Enugu, St. Anne’s School, Molete, Ibadan, and the International School Ibadan. She arrived in the US in 1973 as a teenager to study at Harvard University, graduating magna cum laude with an AB in Economics in 1976. In 1981, she earned her Ph.D in regional economics and development from the Massachusetts Institute of Technology (MIT) with a thesis titled Credit policy, rural financial markets, and Nigeria’s agricultural development. She received an International Fellowship from the American Association of University Women (AAUW), that supported her doctoral studies.

She spent a 25-year career at the World Bank as a Development Economist, scaling the ranks to the Number two position of Managing Director, Operations between 2007 and 2011. She also served two terms as Finance Minister of Nigeria (2003–2006, 2011–2015) under the leadership of President Olusegun Obasanjo and President Goodluck Jonathan respectively. She also had a stint in the external affairs ministry as minister.

She is a seasoned economist and international development expert, and sits on the Boards of Standard Chartered Bank, Twitter, Global Alliance for Vaccines and Immunization (GAVI), and the African Risk Capacity (ARC).

She is married to Dr. Ikemba Iweala, a neurosurgeon. They have four children – one daughter, Onyinye Iweala (AB, MD, PhD, Harvard) and three sons, Uzodinma Iweala (AB, Harvard, MD, Columbia), Okechukwu Iweala (AB, Harvard) and Uchechi Iweala (AB, MD, MBA, Harvard).

Okonjo-Iweala became a US citizen in 2019 after spending several decades working and studying in the United States. Among an avalanche of high class honours trailing her, Okonjo-Iweala is also the founder of Nigeria’s first indigenous opinion-research organisation, NOI-Polls. She also founded the Center for the Study of Economies of Africa (C-SEA), a development research think tank based in Abuja.

Many has praised her leadership acumen at the WTO and her dedication to global trade issues, underscoring her impact on international relations and economic policies.

Considering her speed, acumen, productivity, proactive nature and eye for details, the end to her honours and recognitions is nowhere in sight.

We once again say a big Congratulations to Madam DG.