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Ngozi Okonjo-Iweala: Africa’s Most Influential Woman at 70

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By Eric Elezuo

The world rose, on June 13, to celebrate one of Africa’s biggest exports to the world, the Director-General, World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, as she clocked a landmark 70 years.

The outpouring of affection and respect for Dr Okonjo-Iweala that has trailed Okonjo-Iweala’s birthday 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.

Celebrating herself through a personal tweet, she wrote: “I don’t normally do personal tweets, but today is an exception! It has been one of the happiest days of my life – my 70th birthday! So much outpouring of love from everywhere!! I want to thank all WTO Ambassadors, WTO staff, friends, and family!”

Dr Okonjo-Iweala went on to share her amazement at the global response, noting that “I’ve never received so many bouquets of flowers from all over the world, as I have today! Along with good wishes and prayers.”

It was not out of place for anyone that has followed the Dg’s career trajectory. She certainly deserves all the accolades.

Expressing deep gratitude at the blessings she enjoys, she added that “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 recently recognised, and named one of Forbes’s World’s 100 Most Powerful Women in 2023. The accomplished financial expert, also one time Nigeria’s Minister of Finance and Co-ordinating Minister of the Economy, as well as a former Foreign Affairs Minister, who is fond and proud of her traditional ankara attire, has so many reasons to thank God at 70.

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 released, the distinguished Nigerian E3conomist 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.

In 2012, Okonjo-Iweala contested for Presidency of the World Bank. She lost to Jim Yong Kim. Eight years in-between in November 2020, she contested the DG position of the World Trade Centre, and emerged winner.
An apostle of good governance, Okonjp-Iweala is quoted as saying: “Let’s continue to show that good governance, good public policy and a people-centered approach to work matters.”

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.

Among international figures, who have congratulated her on her landmark birthday was Ambassador John Smith, who said: “Dr Okonjo-Iweala’s leadership has brought a renewed energy to the WTO. Her birthday is a moment to celebrate not just her personal achievements but her contributions to global diplomacy,”

Also celebrating the woman, who has become a reference point for everything positive, was Nigeria’s President, Bola Tinubu, who in a release issued by his media adviser, Ajuri Ngelale, rejoiced with the woman he described as a remarkable leader.

He extolled the former Minister for her services to the country and efforts towards building resilient institutions, commending her for being a worthy ambassador of Nigeria, exemplifying the grit, diligence, and brilliance that Nigerians are known for.

In the same vein, the Governor of Delta State, Mr Sheriff Oborevwori, in a statement by his Chief Press Secretary, Festus Ahon, said Okonjo-Iweala, a distinguished Deltan from Ogwashi-Uku and the first African woman to lead the global trade organisation, was a shining example of professionalism and integrity, and a great role model for women.

He commended the WTO director-general for her sublime and remarkable achievements in support of Nigeria and the international financial sector.

“As a state, we take great pride in your impressive achievements, which have earned you numerous accolades and recognition over the years. Your innovative contributions as finance minister under Presidents Olusegun Obasanjo and Goodluck Jonathan are particularly noteworthy.

“On behalf of my family, the Delta State government, and our people, I extend warm congratulations to you, Dr. Ngozi Okonjo-Iweala, on your 70th birth anniversary. I join your family, colleagues, and well-wishers in expressing gratitude to God for your remarkable life, filled with outstanding accomplishments and fulfilment.

“As you celebrate three scores and ten, I pray that God grants you continued good health, happiness, and many more years of impactful contributions to the global economy,” the statement quoted the governor.

Reveling in the euphoria of the moment, Okonjo-Iweala added, “Here’s to another year of making a positive impact and promoting global prosperity! Thank you all for making this day so special!”

Congratulations Madam DG.

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Tinubu Presents N47.9trn 2025 Appropriation Bill to NASS

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President Bola Tinubu, on Wednesday, presented the proposed 2025 federal budget to a joint session of the National Assembly.

The N47.9 trillion budget saw a whopping N3.5 trillion allocated to the education sector.

Other sectors that got higher allocations include defence and security – N4.91tn, infrastructure – N4.06tn and health – N2.4tn.

“It is with great pleasure that I lay before this distinguished joint session of the National Assembly, the 2025 Budget of the National Assembly of Nigeria titled, ‘The Restoration Budget’ security peace, building prosperity,” Tinubu said as he concluded his 30-minute presentation at 1:10pm.

This budget highlights the government’s focus on improving education, healthcare, and infrastructure, in line with its ‘Renewed Hope Agenda’ aimed at boosting the economy and addressing key national priorities.

The live broadcast of the budget presentation today revealed the government’s plans for the next fiscal year. With a strong emphasis on human capital development, the president highlighted the budget’s commitment to improving the nation’s economic foundation.

Education sector receives major funding 

A significant portion of the 2025 budget is dedicated to education, with N3.5 trillion allocated to the sector. President Tinubu stated that part of this funding would be directed toward infrastructure development, including support for Universal Basic Education (UBEC) and the establishment of nine new higher educational institutions.

We have made provision for N826.90 billion for infrastructural development in the education sector,” Tinubu said.

This allocation aims to improve educational facilities and support ongoing efforts to strengthen Nigeria’s educational system.

Focus on human capital development 

During the presentation, the president emphasized the importance of investing in Nigeria’s human capital. “Human capital development, our people are our greatest resource. That is why we are breaking record investment in education, healthcare, our social services,” he remarked.

Tinubu also pointed to the N34 billion already disbursed through the Nigerian Education Loan Fund (NELFUND) to assist over 300,000 students.

The budget includes continued investments in healthcare and social services as part of the broader goal of enhancing the quality of life for Nigerians.

Strengthening the economy and national security 

Tinubu highlighted that the 2025 budget is designed to build a robust economy while addressing critical sectors necessary for growth and security.

“This budget reflects the huge commitment to strengthening the foundation of a robust economy, while addressing the critical sectors essential for the growth and development we envision; and secure our nation,” he said.

The budget aims to tackle key challenges and foster long-term economic stability by prioritizing infrastructure and development in key sectors.

Healthcare and social services allocations 

In addition to education, Tinubu focused on the allocation for healthcare and social services. The government plans to increase investments in healthcare infrastructure and services to ensure broader access to essential healthcare for Nigerians.

These investments are part of the administration’s strategy to improve overall living conditions and enhance public health across the country.

President Tinubu’s proposed 2025 budget is said to reflect the administration’s commitment to achieving its development objectives, with a focus on economic growth, human capital development, and infrastructure improvement.

As the National Assembly reviews the budget, the president reiterated his administration’s resolve to address the nation’s most pressing needs.

Source: Nairametrics

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Ghana’s President-elect Mahama Visits Tinubu in Abuja

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Ghana’s President-Elect, Dr. John Dramani Mahama, a courtesy visit to President Bola Tinubu at his residence, Presidential Villa, State House on Monday.

Mahama

Mahama won 56 percent of the votes in this month’s presidential election, compared to the ruling party candidate and Vice President Mahamudu Bawumia, who secured 41 percent.

Mahama

The landslide comeback for former president Mahama ended eight years in power for the New Patriotic Party (NPP) under President Nana Akufo-Addo, whose last term was marked by Ghana’s worst economic turmoil in years, an IMF bailout and a debt default.

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I Stand by What I Said, Kemi Badenoch Replies VP Shettima

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The leader of the United Kingdom’s Conservative Party, Kemi Badenoch, has lashed back at Vice President Kashim Shettima over the latter’s reaction to her comments about Nigeria.

Badenoch was born in the UK in 1980 to Nigerian Yoruba parents.

Badenoch, who attained age 16 in Nigeria before departing the country for the UK where she was elected Conservative Party’s leader, described Nigeria as a nation brimming with thieving politicians and insecurity.

However, Shettima, while speaking at the 10th Annual Migration Dialogue at the Presidential Villa in Abuja on Monday, December 9, 2024, accused Badenoch of “denigrating her country of origin” with her remarks.

The vice-president listed influential people whose families had migrated to other countries, commending former UK Prime Minister Rishi Sunak as a “brilliant young man who never denigrated his nation of ancestry.”

Reacting on Wednesday, Badenoch lashed back at Shettima, saying she doesn’t do “PR for Nigeria”.

Her spokesperson, as the Tory leader, according to UK Express, said: “Kemi is not interested in doing Nigeria’s PR; she is the Leader of the Opposition in the UK.

“She tells the truth; she tells it like it is; she isn’t going to couch her words. She stands by what she said.”

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